MONTREAL, June 2, 2016 /CNW Telbec/ - EXO U Inc.
("EXO U" or the "Corporation") (TSXV: EXO) is
pleased to announce that it has entered into an agreement (the
"Agreement") with Tyton Partners Capital Markets, LLC ("Tyton
Partners") for the provisions of certain strategic and corporate
advisory services. Under the Agreement, Tyton Partners will provide
the company with advisory services including, but not limited to,
assessing business development and partnership opportunities,
including channel joint venture partnerships and identifying,
evaluating and coordinating capital market opportunities.
"Tyton Partners have extensive experience and a deep network in
the global education technology industry. We are confident that
they will be able to help EXO U realize its potential" said
Kevin Pawsey, CEO of EXO U.
Pursuant to the Agreement, the Corporation has agreed to issue
to Tyton Partners 370,370 common share purchase warrants (the
"Warrants"), subject to approval of the TSX Venture Exchange (the
"TSXV"). Each Warrant will be exercisable, for a period of five
years from the date of grant, to acquire one common share of the
Corporation (a "Common Share") at an exercise price per Common
Share equal to $0.125. The Warrants
will vest as follows: (i) 25% on June 15,
2016; (ii) 25% on July 15,
2016; (iii) 25% on August 15,
2016; and (iv) 25% on September 15,
2016.
The provisions of the Agreement are subject to the approval of
the TSXV and to compliance with all applicable regulatory
requirements.
About EXO U
EXO U's shares trade on the TSX Venture Exchange under the
ticker symbol "EXO". EXO U develops an innovative software platform
that enables businesses and educational institutions to securely
mobilize and manage their mobile workforce and students by
delivering engaging experiences spanning desktop and mobile
applications. At the core of EXO U's platform is the smart and
agnostic EXO engine that unifies multiple software platforms,
allowing devices to interact and communicate seamlessly together.
For more information, visit EXOU.com or follow us on
Twitter @exo_u.
About Tyton Partners
Tyton Partners is a dynamic advisory firm that serves clients
across the education, information and media markets within the
global knowledge sector. Tyton Partners helps clients capitalize on
opportunities and solve for challenges through its dual-practice
platform: investment banking services built on a foundation of
strategy development and operating experience, and strategy
consulting services built on a foundation of transactional
experience and data-based market insight. These two complementary
practices are relentlessly focused on one singular outcome: Tyton
Partners' clients' optimal path forward. Visit us at
www.tytonpartners.com.
Cautionary Note Regarding Forward-Looking Information
Certain statements included herein, including those that express
management's expectations or estimates of EXO U's future
performance or future events, constitute "forward-looking
information" within the meaning of applicable securities laws. Such
forward-looking information and statements are often, but not
always, identified by the use of words such as ""plans", "expects",
"estimates", "intends", "anticipates", or "believes", or variations
of such words and phrases (or the negative form thereof) or
statements that certain actions, events or results "may", "could",
"would", "might", or "will" be taken, occur or be achieved.
Forward-looking information is necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant
business, economic, regulator and competitive uncertainties and
contingencies that could cause actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information. For additional information with
respect to certain of these and other assumptions and risk factors,
please refer to EXO U's management's discussion and analysis for
the year ended March 31, 2015, available under the Company's
profile on SEDAR at www.sedar.com. Forward-looking information
contained herein is presented as of the date of this news release
and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results, except as may be required by applicable
securities laws. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers are cautioned not to place undue
reliance on these forward-looking statements.
Neither 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.
SOURCE EXO U Inc