Pursuant to the Arrangement, each Shareholder will receive cash consideration of
In addition, a total of 24,315,917 VersaPay Shares, representing approximately 99.89% of the votes cast on the special resolution approving the Arrangement, excluding votes cast by Shareholders whose votes were required to be excluded pursuant to MI 61-101 - Protection of Minority Shareholders in Special Transactions, were voted in favour of the Arrangement. The Shareholders who participated in the vote represented approximately 57.39% and 55.33%, respectively, of all issued and outstanding VersaPay Shares entitled to vote on the special resolution approving the Arrangemen
About Great Hill
About
VersaPay ARC is the first platform to provide Customer-Centric AR with a customer self-service environment to view invoices online, collaborate on inquiries and disputes, and facilitate secure online payments (EFT/ACH and credit card). Businesses gain access to a suite of powerful tools that enable efficient collections, cash application and real-time insight into accounts receivable.
VersaPay ARC automatically reconciles payments and account information through integrations with a wide range of ERPs and accounting software providers
FORWARD LOOKING INFORMATION
This press release contains 'forward-looking information' which may include, but is not limited to, statements with respect to the completion of the Arrangement, including expected timing.
Generally, forward-looking information can be identified by the use of terminology such as 'anticipates', 'believes', 'expects', 'plans', 'intends', 'estimates', 'schedules', 'forecasts', 'budgets', 'proposes', or variations or comparable language of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'should', 'might' or 'will', 'occur' or 'be achieved' or the negative connotation thereof.
Forward-looking information is based upon certain assumptions and other important factors that, if untrue or incorrect, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such information. Readers should not place undue reliance on forward-looking information. Factors that could cause actual results to differ materially from any forward-looking information include, but are not limited to, the possibility that the Arrangement will not be completed on the terms and conditions, or on the timing, currently contemplated, and that it may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, court approvals and other conditions of closing necessary to complete the Arrangement or for other reasons, the possibility of adverse reactions or changes in business relationships resulting from the announcement or completion of the Arrangement, and changes in equity markets. Specific reference is made to the 'Risk Factors' section of the Circular for a discussion of some of the factors and risks underlying forward-looking information. All of the forward-looking information in this news release is qualified by these cautionary statements and are made as of the date hereof. The Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.
Contact:
Tel: 647 258 9406
Email: john.mcleod@versapay.com
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