Biosign Technologies Inc. (OTCPK:BITK.F) cancelled the acquisition of 25% stake in Higher Bracket Online Media Inc.
Biosign Technologies Inc. (OTCPK:BITK.F) completed the acquisition of 25% stake in Higher Bracket Online Media Inc. on March 5, 2014.
Biosign Technologies Inc. (OTCPK:BITK.F) cancelled the acquisition of 25% stake in Higher Bracket Online Media Inc. on September 17, 2014. Biosign and the vendor have effectively agreed to unwind the transaction with the cancellation of the note payable, the return of Higher Bracket shares held by Biosign and the return for cancellation of the Biosign shares held by Higher Bracket that were issued on closing to the vendor less 0.48 million shares (CAD 0.02 million), which will be retained by the vendor as consideration for the termination of such arrangements.