From the Wires
OneMove Reports Formal Commencement of Take-Over Bid
By: Marketwired .
Jan. 17, 2013 09:38 AM
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/17/13 -- OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM), the provider of the leading web-based real estate transaction platform and the creator of the largest and fastest growing online community of conveyancing professionals, reports that Plantro Ltd., through its wholly-owned subsidiary, 095662 B.C. Ltd., by notice published in the Globe and Mail this morning formally commenced the take-over bid to acquire all of the issued and outstanding common shares of the Company which are not held by Plantro or its joint actors. The offer to purchase these shares is at a price of $0.425 per share, payable in cash, as previously announced (news release dated December 17, 2012).
The offer will be subject to certain terms and conditions set forth in an offer to purchase and related take-over bid circular to be dated January 17, 2013.
About OneMove Technologies Inc.
OneMove Technologies Inc. (TSX VENTURE:OM) is the leading provider of web-based real estate transaction platforms and the creator of the largest and fastest growing online community of conveyancing professionals. Through econveyance(TM), its proprietary web-based conveyancing software solution, OneMove(TM) simplifies and expedites the process of buying and selling real estate. Econveyance connects all participants in the property transfer process, offering a secure and efficient means of completing the transaction online. Additional information about OneMove can be found at www.onemovetech.com or www.sedar.com. Professional users site www.econveyance.com.
Forward Looking Statements
This press release contains certain "forward looking statements." These statements relate to future events or future performance and reflect expectations and belief regarding growth, results of operations, performance, business prospects, opportunities or industry performance and trends. These forward looking statements reflect current internal projections, expectations or beliefs and are based on information currently available. A number of factors could cause actual events or results to differ materially from the results discussed in the forward looking statements. Although it is believed that the forward looking statements contained in this press release are based upon reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward looking statements. These forward looking statements are made as of the date of this press release, and OneMove Technologies Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as required pursuant to applicable securities laws.
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.
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