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IntellaEquity $IEQ sells 51% of Marcon International (USA) Inc for CDN$981,499

Posted by AGORACOM-Eric at 7:12 AM on Tuesday, February 12th, 2019
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  • Sold 51% of all of the issued and outstanding securities of Marcon International to GRX Industries Inc.
  • GRX acquired the Securities for an aggregate purchase price of CDN$ 981,499.71, which was satisfied through the assumption of debt and debt forgiveness.
  • This transaction removes a significant amount of debt off of the Corporation’s balance sheet and will free up cash flow for investing activities

Toronto, Ontario–(February 12, 2019) – IntellaEquity Inc. (CSE: IEQ) (the “Corporation” or “IntellaEquity”) announces that it has sold 51% of all of the issued and outstanding securities (the “Securities”) in the capital of Marcon International (USA) Inc. (“Marcon”) to GRX Industries Inc. (“GRX), an arm’s length third party. Pursuant to the share purchase agreement, GRX acquired the Securities for an aggregate purchase price of CDN$ 981,499.71, which was satisfied through the assumption of debt and debt forgiveness.

“The sale of the Securities will allow the Corporation to focus on its mandate as a merchant bank and not an operator,” said Allen Lone, President of the Corporation. “This transaction removes a significant amount of debt off of the Corporation’s balance sheet and will free up cash flow for investing activities. As GRX is directly owned by a US resident, Marcon will now be able to qualify for 100% set-aside small business contracts with the US government. This will allow Marcon to continue to grow its business. Through its 49% ownership interest, the Corporation will benefit from the expanding business of Marcon.”

About the Corporation

IntellaEquity is a publicly traded company, it is a diversified investment and venture capital firm focused on providing investors with long-term capital growth by investing in a portfolio of undervalued companies and assets. The investment portfolio may be comprised of securities of both public and private issuers primarily in technology, artificial intelligence, blockchain and may also include investments in certain other sectors, including water, green energy, and alternative energy. Target investments shall encompass companies at all stages of development, including pre-initial public offering and/or early-stage companies requiring start-up or development capital, as well as intermediate and senior companies.

Corporation contact:

Allen Lone
President and CEO

905-338-2323
Email: [email protected]

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note regarding Forward-looking Statements

This news release includes certain information and forward-looking statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although the Corporation believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

Client Feature: $IEQ IntellaEquity Sets the 2nd Record Date for Return of Capital $SENS.ca

Posted by AGORACOM-Eric at 10:17 AM on Saturday, February 2nd, 2019
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  • The second distribution of 12,805,744 Sensor shares
    will be distributed to holders of Intellaequity shares on record as of Feb. 15, 2019
  • The first distribution of 12,805,753 Sensor shares is to be made to shareholders of Intellaequity on record as of Jan. 15, 2019, as soon as the statutory hold expires.

FULL DISCLOSURE: IntellaEquity Inc. is an advertising client of AGORA Internet Relations Corp.

$IEQ IntellaEquity Sets the 2nd Record Date for Return of Capital $SENS.ca

Posted by AGORACOM-Eric at 12:18 PM on Tuesday, January 29th, 2019
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  • The 2nd distribution of 12,805,744 shares of Sensor Technologies Corp. will be distributed to holders of IntellaEquity on record as of February 15, 2019
  • The first distribution of 12,805,753 Sensor Shares is to be made to shareholders of IntellaEquity on record as of January 15, 2019 as soon as the statutory hold expires. The Sensor Shares were subject to a statutory four (4) month hold period that expires on February 3, 201

Toronto, Ontario–(Newsfile Corp. – January 29, 2019) – IntellaEquity Inc. (CSE: IEQ) (the “Corporation” or “IntellaEquity”) announces that, further to its press release of December 12, 2018, the second distribution of 12,805,744 common shares in the capital of Sensor Technologies Corp. (“Sensor”) will be distributed to holders of IntellaEquity shares on record as of February 15, 2019. The first distribution of 12,805,753 Sensor Shares is to be made to shareholders of IntellaEquity on record as of January 15, 2019 as soon as the statutory hold is expires. The Sensor Shares were subject to a statutory four (4) month hold period that expires on February 3, 2019. Upon the expiration of the hold period, the Sensor Shares will be distributed to the holders of IntellaEquity shares as at the respective record dates.

IntellaEquity shareholders are not required to pay for the Sensor Shares they receive by way of the distribution, to tender or surrender their IntellaEquity shares, or to take any other action in connection with the distribution, other than providing a declaration of residency.

No Sensor Shares will be issued to shareholders who are (or are deemed to be) non-residents of Canada. Rather, such Sensor Shares will be delivered to a custodian and non-residents will be required to forward to the custodian the amount of withholding tax that such shareholder is required to pay. In the event that the shareholder does not forward such amount, the custodian shall retain such number of Sensor Shares necessary to cover the amount of the withholding tax payable. The balance of the Sensor Shares will be forwarded to the shareholder.

Shareholders who fail to provide a declaration of Canadian residency in the form that will be provided will be deemed to be a non-resident for these purposes. Canadian shareholders who hold their shares in the Corporation through a brokerage or other account are therefore urged to contact their brokers to avoid being deemed a non-resident.

About SensorSensor

Technologies Corp. is a publicly listed company whose shares trade through the facilities of the CSE under the symbol “SENS”. The company develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

About the Corporation

IntellaEquity is a publicly traded company, it is a diversified investment and venture capital firm focused on providing investors with long-term capital growth by investing in a portfolio of undervalued companies and assets. The investment portfolio may be comprised of securities of both public and private issuers primarily in technology, artificial intelligence, blockchain and may also include investments in certain other sectors, including water, green energy, and alternative energy. Target investments shall encompass companies at all stages of development, including pre-initial public offering and/or early-stage companies requiring start-up or development capital, as well as intermediate and senior companies.

Corporation contact:

Allen Lone
President and CEO

905.275.8111, ext. 226
Email: [email protected]

$IEQ IntellaEquity December 2018 Net Asset Value $SENS.ca

Posted by AGORACOM-Eric at 2:16 PM on Friday, December 28th, 2018
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  • Intellaequity to issue 25.61M Sensor shares to holders
  • Sensor shares will be distributed to resident holders of Intellaequity shares.
  • The distribution will be completed through two distributions, one distribution of 12,805,743 Sensor shares
  • The second distribution of 12,805,744 Sensor shares.
  • The first distribution will be distributed to holders of Intellaequity shares on record as of close of business Jan. 15, 2019. The record date of the second distribution will be fixed by the board of directors of the corporation.

FULL DISCLOSURE: IntellaEquity Inc. is an advertising client of AGORA Internet Relations Corp.