MONTREAL, June 15, 2012 /CNW Telbec/ - Parta Dialogue (TSXV: PAD), experts in Social Campaign Optimization and Social Learning, announces the following corporate updates:
Investors' relation firm options grant
As per the press release of the Corporation dated November 3, 2011, Parta granted today to its investors' relation firm PaRadox Public Relations Inc., options to acquire up to 300,000 common shares of PARTA at the exercise price of $0.25 per common share, exercisable on or before November 1, 2013, 225,000 of such options being fully vested and the remaining 75,000 options vesting on August 1, 2012.
Amalgamation of subsidiaries
In order to streamline its corporate structure, Parta announces its intent to amalgamate its majority-owned subsidiaries Alternative Media Initiative Inc. ("AMI") and IPEXCO Inc. ("IPEXCO") and its inactive wholly-owned subsidiaries Alternative Channel TV Inc. and Rethos Inc., conditional upon receiving approval from the shareholders of its subsidiaries AMI and Ipexco on or before the duly called shareholders meetings thereof to be held on July 10, 2012. Under the Amalgamation Agreement, the minority shareholders of AMI and Ipexco will receive up to 49,331 common shares of Parta. The wholly-owned subsidiary of Parta resulting from the amalgamation will pursue the activities of its active amalgamating subsidiaries under the name Engagement Labs Agency Inc. shall the amalgamation be completed.
PARTA offers Social Media and Social Learning solutions to its clients from offices in Montreal, Paris and Mexico and is the developer of leading eValue™ Social Media ROI Suite: www.evaluesuite.com
Many visionary businesses already employ PARTA's solutions for internal and external online engagement. Among these are Renault, Orange, Michelin, Hydro-Québec, Iusacell (Mexico), Dassault Systems, Nestlé Waters and Crédit Agricole. www.partadialogue.com
PARTA is listed on the TSX Venture Exchange under the symbol PAD and operates through two subsidiaries:
#engagementlabs, an all-digital agency offering a targeted range of social strategies, customized engagement platforms and analytic tools to measure performance and ROI totally focused on social engagement & optimization: www.engagementlabs.com.
edu-performance, totally focused on internal engagement and productivity, Edu-Performance offers customized Social Learning and online training solutions: www.eduperformance.com.
The options grant and the proposed amalgamation contemplated under this press release remain subject to applicable regulatory approvals. The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information:
Paul Allard, President & CEO
Parta Dialogue Inc.
+1 (514) 831-4245