AURORA, ON, Dec. 1, 2017 /CNW/ - KESM Transaction Solutions Inc. ("KESM") announces that on December 1, 2017, it acquired in a private transaction, ownership and control over 35,800,000 Common Shares (the "Common Shares") of Ackroo Inc. ("Ackroo"), 62 Steacie Drive, Suite 201, Ottawa, Ontario K2K 2A9, representing approximately 48% of Ackroo's currently issued and outstanding Common Shares.
The shares were acquired for a deemed value of $0.05 per share pursuant to an asset purchase agreement wherein KESM sold certain of its assets to Ackroo in consideration for Ackroo issuing 35,800,000 Common Shares to KESM.
Following the acquisition, KESM holds 35,800,000 Common Shares representing approximately 48% of the Common Shares of Ackroo currently issued and outstanding.
Source and Information:
KESM Transactions Solutions Inc.
Suite 3, 155 Edward Street
This news release is issued pursuant to National Instrument 62-103: The Early Warning System and Related Take-over Bid and Insider Reporting Issues. A copy of the Early Warning Report will appear with Ackroo's documents on the SEDAR website at www.sedar.com. A copy of the Early Warning Report may also be obtained by contacting Michael Sorbara, Kesm's President at 905-726-5330.
SOURCE KESM Transaction Solutions Inc.
For further information: Michael Sorbara, Kesm's President at 905-726-5330.