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IntellaEquity $IEQ.ca Provides Update on Distribution to Shareholders $SENS.ca $E.ca

Posted by AGORACOM at 8:17 AM on Friday, April 5th, 2019

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  • Update to the distribution of an aggregate of 25,629,564 common shares in the capital of Sensor Technologies Corp.
  • Due to the fact that the Corporation is incorporated pursuant to the laws of the state of Delaware, it is required to obtain the approval of the Financial Industry Regulatory Authority (“FINRA”) of the United States.
  • The Corporation has made the necessary filings with FINRA in order to obtain its approval. The Corporation will provide updates as they become available.

Toronto, Ontario–(Newsfile Corp. – April 5, 2019) – IntellaEquity Inc. (CSE: IEQ) (the “Corporation”) would like to provide an update with respect to the distribution of an aggregate of 25,629,564 common shares (the “Sensor Shares”) in the capital of Sensor Technologies Corp. (“Sensor”) to the shareholders of the Corporation, as previously announced in its press releases of December 12, 2018 and January 29, 2019.

The Corporation has provided the transfer agent of Sensor with the stock certificate and the necessary documentation to effect the transfer of the Sensor Shares from the Corporation to its shareholders on Feb 22, 2019. However, due to the fact that the Corporation is incorporated pursuant to the laws of the state of Delaware, it is required to obtain the approval of the Financial Industry Regulatory Authority (“FINRA”) of the United States. The Corporation has made the necessary filings with FINRA in order to obtain its approval. The Corporation will provide updates as they become available.

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]

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

Posted by AGORACOM 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.

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

Posted by AGORACOM at 11:17 AM on Thursday, January 10th, 2019
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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.
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FULL DISCLOSURE: IntellaEquity Inc. is an advertising client of AGORA Internet Relations Corp.

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$AAO.ca $IEQ.ca IntellaEquity (formerly Augusta Industries Inc.) to Commence Trading on the Canadian Securities Exchange October 4

Posted by AGORACOM at 9:27 AM on Tuesday, October 2nd, 2018

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  • The common shares will trade under the symbol ” IEQ” October 4th on the CSE
  • “The listing of the Corporation’s common shares through the facilities of the CSE will allow the Corporation to carry out its objectives as a merchant bank,” stated Allen Lone, Chief Executive Officer of the Corporation.
  • “The cost effectiveness of a CSE listing will allow the Corporation to conserve its cash and deploy it to execute on proposed acquisitions.”

Toronto, Ontario–(Newsfile Corp. – October 2, 2018) – IntellaEquity Inc. (formerly Augusta Industries Inc.) (the “Corporation”) is pleased to announce that on the opening of the market on October 4, 2018, the Corporation’s common shares will commence trading through the facilities of the Canadian Securities Exchange (“CSE”). The common shares will trade under the symbol ” IEQ”.

The Corporation is also pleased to announce that it has completed the sale of its wholly owned subsidiary, Fox-Tek Canada Inc. to Mooncor Oil & Gas Corp. (“Mooncor”) for an aggregate purchase price of $21.5 million (the “Purchase Price”). The sale of Fox-Tek was approved by a majority of the minority shareholders at the annual and special shareholders’ meeting held on July 11, 2018.

$9,500,000 of the Purchase Price will be satisfied through the issuance of an aggregate of 47,500,000 post-consolidated common shares (the “Consideration Shares”) in the capital of Mooncor at a price of $0.20 per Consideration Share. The balance of the Purchase Price, being up to $12,000,000, will be satisfied through a royalty of 15% on all future sales of Fox-Tek’s products and a 20% royalty on all future sales of Fox-Tek’s services (collectively, the “Royalty”). The Royalty shall be payable until the earlier of (i) the 10 year anniversary of the closing of the acquisition of Fox-Tek, and (ii) the aggregate payment of $12 million.

In addition, the Corporation will continue its operations as a diversified investment and merchant banking firm focused on public companies and commodities. The Corporation’s proposed investment activities will include (i) public companies, (ii) near public companies and private capital, (iii) global venture capital initiatives and (iv) strategic physical commodities. However, the Corporation may take advantage of special situations and merchant banking opportunities, as such opportunities arise, and make investments in other sectors which the Corporation identifies from time to time as offering particular value.

In connection with the sale of Fox-Tek and its change of business, the Corporation changed its name from Augusta Industries Inc. to IntellaEquity Inc. and consolidated its issued and outstanding securities on the basis on ten pre-consolidated common shares for every one (1) post-consolidated common shares.

“The listing of the Corporation’s common shares through the facilities of the CSE will allow the Corporation to carry out its objectives as a merchant bank,” stated Allen Lone, Chief Executive Officer of the Corporation. “The cost effectiveness of a CSE listing will allow the Corporation to conserve its cash and deploy it to execute on proposed acquisitions.”

About the Corporation:

IntellaEquity is a publicly traded Canadian based venture capital firm focused on opportunistic investments in companies in the industrial, artificial intelligence and blockchain sectors. The Corporation seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Corporation’s ecosystem.

Corporation contact:

Allen Lone, President, CEO,
IntellaEquity Inc.
Tel: (905) 275-8111 Ext 226, email: [email protected]

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