Montreal, Quebec / TheNewswire / October 9, 2018 – Les Services DMDConnects inc./DMDConnects Services Inc. (formerly DMD Digital Health Connections Group Inc.) ("DMD") (NEX: DMG.H) announced today that the TSX Venture Exchange (the "TSX-V") has approved its application to voluntarily de-list the Corporation’s common shares (the "Shares") from the NEX Board of the TSX-V (the "De-Listing"). The Shares will stop trading on the NEX as of the close of business on October 9, 2018 (the "Effective Date").
The De-Listing results from the completion of a going private transaction of DMD by the way of an arrangement (the "Arrangement") pursuant to which 10653365 Canada Inc., a company controlled by insiders of DMD, acquired all of the issued and outstanding common shares of DMD by way of amalgamation.
After the Effective Date, DMD intends to apply to the regulatory authorities in British Columbia, Alberta, Manitoba, Ontario and Quebec to cease to be a reporting issuer in those jurisdictions. Once its reporting issuer status is revoked in each of those provinces, DMD would cease to be a public company and revert to privately-held status.
For more information on the De-Listing and the privatization generally, see DMD’s circular dated August 27, 2018, available at www.sedar.com.
DMD enables pharmaceutical, pharmaceutical marketing companies, digital advertising agencies and medical device companies to reach, message, connect and interact with US physicians and healthcare professionals via multiple access channels. Its service offerings provide targeted impressions and interactions through permission-based email, targeted on-line ad-serving, and mobile app advertising channels. Several pharmaceutical companies, agencies and healthcare organizations have adopted DMD’s solutions to target, engage and interact with healthcare practitioners. For more information, visit www.dmdconnects.com
This news release contains forward-looking information. These statements relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management of DMD. A number of factors could cause actual events, performance or results to differ materially from the events performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof and DMD does not assume any obligation to update or revise them to reflect new events or circumstances.
Neither NEX, the 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: Andre Charron, Secretary, Les Services DMDConnects inc./DMDConnects Services Inc. (formerly DMD Digital Health Connections Group Inc.), Tel.: 514-769-5858, email@example.com
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