B2Gold Corp. press release
OneMove Announces Debt Settlement
TSX - Toronto Stock Exchange · Gold · Canada
VANCOUVER, June 28 /CNW/ - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX.V:OM) is pleased to announce that its British Columbia subsidiary OneMove Online Systems Inc. (the "Debtor") has agreed to settle a debt of $29,067 owed to the University of Northern British Columbia (the "Creditor") by the Debtor paying the Creditor $10,000 in cash and by the Company issuing to the Creditor 28,500 common shares of the Company at a deemed price of $0.67 per share. The shares for debt are subject to the acceptance of the TSX Venture Exchange.
In addition, OneMove also announces that it has revised the voluntary escrow agreement dated October 19, 2006 under which shareholders who formerly held RemoteLaw Online Systems Corp. shares agreed to escrow one-third of the shares of the Company that were issued to the RemoteLaw shareholders as part of the Company's Qualifying Transaction that closed October 19, 2006. The escrow shares are to be released based on OneMove Online Systems Inc. and One Move Limited reaching a cumulative revenue target. The Company's board of directors has extended the time for reaching this cumulative revenue target from the twelve months ended June 30, 2007 to the twelve months ended June 30, 2008.
About OneMove Technologies. www.onemovetech.com
OneMove began its business by developing a sophisticated software program that brought innovative advantages for all involved in British Columbia's real estate market, a Canadian province where real estate transactions were already near perfectly executed. OneMove then entered the market in the United Kingdom offering 'one-stop shop' services designed to simplify all aspects of buying and selling a home. OneMove currently operates in the British Columbia and U.K. markets. OneMove facilitates efficient communication between parties such as lawyers, conveyancers, realtors, lenders, buyers and sellers. OneMove's U.K. operations also offers a one-stop online shop for home buyers to access real estate listings through the largest property search portal, its unique insurance product, and its association of service providers which include realtors, solicitors and lenders (www.onemove.com).
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