- 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]
