MONTREAL, Aug. 29, 2014 /CNW Telbec/ - Intema Solutions Inc. ("Intema" or the "Corporation") (TSXV: ITM). Mr. Roger Plourde, President & CEO, announces that Intema has acquired a portfolio of client contracts and related assets from Cabestan-Canada, an email marketing company.
"This acquisition is accretive and synergistic for Intema. These contracts are an excellent fit for our existing business and these new clients will be able to benefit from the full range of Intema's service offering," said Mr. Plourde.
In consideration of these assets, Intema has paid a cash amount of $150,000 and also issued 1,304,347 common shares and three unsecured debentures.
Each debenture has a principal amount of $100,000, is interest-free, has a term of five years and is convertible at a price per common share equal to the greater of either of $0.115 or 85% of the last closing price of Intema's common shares as of the conversion date. The first debenture becomes convertible on August 31, 2015, the second as of August 31, 2016 and the third as of August 31, 2017.
The cash portion of the purchase price may be increased or decreased in 2017 by up to $50,000 based on the revenues that Intema earns from the portfolio of client contracts over the next three years.
About Intema Solutions Inc.
Intema Solutions Inc.'s mission is to integrate technologies to marketing. The company develops technologies for marketing and services related thereto. Its services are predictive marketing, relationship marketing and database marketing. Since 1994, INTEMA has dedicated its efforts to deliver key solutions to the marketing industry. Amongst its clients are companies of all sizes in North America. For more information, please visit our website at www.intema.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined on policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
SOURCE: INTEMA Solutions inc.
For further information: Roger Plourde, +1 514-861-1881, [email protected]