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Geekco Technologies Corporation (GKO.V)

TSXV - TSXV Real Time Price. Currency in CAD
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Neutralpattern detected
Previous Close0.5000
Open0.4850
Bid0.4700 x N/A
Ask0.5000 x N/A
Day's Range0.4850 - 0.5000
52 Week Range0.3000 - 0.7000
Volume30,000
Avg. Volume14,006
Market Cap16.844M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.0170
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Thanks to the FlipNpik Application Geekco and BIXI Montréal get Local Businesses on a Roll
    GlobeNewswire

    Thanks to the FlipNpik Application Geekco and BIXI Montréal get Local Businesses on a Roll

    MONTREAL, April 19, 2021 (GLOBE NEWSWIRE) -- (TSX-V:GKO) – Geekco Technologies Corporation announces a partnership with the favorite and well-known non-profit organization BIXI Montréal. Geekco and the Montreal bike-sharing service are joining forces via the FlipNpik application to promote local businesses. This is great news, especially for BIXI users and members! All they have to do is download the FlipNpik application and actively promote local businesses to benefit from exclusive promotions, including those offered by BIXI in the FlipNpik application's surprise box. A NATURAL FITBIXI's collaboration encourages and rewards the local community which actively promotes neighbourhood businesses. Just like FlipNpik, it acts as a change agent regarding the environment and the local economy. BIXI continually seeks to contribute to improving the urban experience, using an innovative, accessible and collaborative system. Rewarding and encouraging the community to discover and promote neighbourhood businesses on the FlipNpik app while commuting on BIXI is an example of stimulating the local economy through synergy. "The partnership with Geekco was a natural fit. We understand the importance of the vitality and viability of local businesses in our city. It is a great privilege for us to actively contribute to the FlipNpik system and to participate in helping the merchants of the greater Montreal area who have been hit hard by the pandemic. This collaboration allows us to offer our users and members an additional incentive to discover their city by bike," says Christian Vermette, BIXI Montréal's General Manager. TOGETHER DURING A PANDEMIC"Joining forces in the wake of this devastating pandemic crisis to better support the local economy is fundamental. As a partner, BIXI will feed our surprise box with monthly subscriptions and discounts to motivate and reward users who post on FlipNpik and boost local merchants' visibility in the greater Montreal area," explains Erik Giasson, CEO of Geekco. ABOUT GEEKCOGeekco is at the forefront of social media with FlipNpik, a collaborative social media app where the community shares local experiences. The mobile application unites and rewards consumers, content creators, and media influencers who promote local businesses and buying locally. Users sharing digital content on FlipNpik collect Flip social points they can exchange for exclusive products or services from strategic partners and registered local businesses in the application's surprise box. ABOUT BIXILaunched in 2014 by the city of Montreal, BIXI Montréal is a bike-sharing non-profit organization. More than 8,000 bikes and 600 bike stations are available in the greater Montreal area including Laval, Longueuil, Westmount, Town of Mount Royal, and Montreal East. More than just a means of transportation, BIXI is a great way to zip around the city whenever and wherever you want. BIXI's bike-sharing popularity is ever-growing, with a record 5.8 million rides logged before the pandemic - an 8% increase over 2018. Nearly 320,000 users choose BIXI. Media Contact:BROUILLARD | equipe@brouillardcomm.com | 418 682-6111 Geekco Technologies Corporation Erik Giasson, CEO | 514 919-0451 Nadira Hajjar, President | 514 993-6239 BIXI Montréal Customer Service | communications@biximontreal.com | 514 789-BIXI (2494) Neither TSX Venture Exchange nor its regulation services provider (as such term is defined in the TSX Venture Exchange's policies) accept responsibility for the relevance or accuracy of this press release.

  • Geekco Announces Closing of a Second and Last Tranche of $250,000 of Convertible Debenture Units
    GlobeNewswire

    Geekco Announces Closing of a Second and Last Tranche of $250,000 of Convertible Debenture Units

    MONTRÉAL, April 14, 2021 (GLOBE NEWSWIRE) -- Geekco Technologies Corporation (the “Corporation” or “Geekco”) (TSX-V: GKO), which operates the FlipNpik application within a collaborative ecosystem that rewards users who help boost the visibility of neighborhood businesses, is pleased to announce that it closed a second and last tranche of a non-brokered private placement (the “Offering”) of 250 unsecured convertible debenture units (“Units”) at a subscription price of $1,000 per Unit for a gross proceeds of $250,000 (“Principal Amount”). The Corporation thus raised an aggregate gross proceed of $1,250,000 in the Offering. Each Unit consists of (i) $1,000 in principal amount of unsecured convertible debentures of the Corporation (“Debentures”); and (ii) 825 detachable warrants (“Warrants”) to purchase class A shares in the capital stock of the Corporation (“Common Shares”). The Debentures are payable on the maturity date that is 24 months from issuance (“Maturity Date”) in cash or in Common Shares at the option of the Corporation and bear a 10% interest rate per year, accruing in arrears, payable at the end of each anniversary date either in cash or in Common Shares, at the option of the Corporation. The Corporation may prepay the Debentures at any time, in whole or in part. A minimum of six months of interest on the initial Principal Amount is payable in case of such prepayment (except in case of a Mandatory Conversion as defined hereinafter) or an event of default. If payment at the option of the Corporation is made in Common Shares, the price per share issued shall be equal to the volume weighted trading price of the Common Shares on the TSX Venture Exchange (“TSXV”) for the last 20 days prior to the applicable payment date, subject to a minimum price of $0.60 in the case of the Principal Amount and the minimum price pursuant to the TSXV policies and the TSXV approval in the case of the interest. The holder may, at any time and, at its sole discretion, and even after receiving the redemption notice from the Corporation, require the conversion of the entire outstanding Principal Amount, exclusive of any interests, into 1,650 Common Shares per $1,000 Debenture if converted during the first 12 months period from the issue date or 1,425 Common Shares if converted during the second 12 months period from the issue date (the “Subscriber Conversion Ratio”). In the event that, prior to the Maturity Date, the volume weighted trading price of the Common Shares for the last 20 days on the TSXV is equal to, or greater than (i) $0.75 during the first year of the issuance of the Debentures or (ii) $1.00 during the second year of the issuance of the Debentures, then the Principal Amount of the Debentures shall, at the option of the Corporation, be converted at the applicable Subscriber Conversion Ratio (the “Mandatory Conversion”). Each Warrant entitle its holder to acquire one Common Share for a period of 24 months at an exercise price equal to (i) $0.75 during the first year and (ii) $1.00 during the second year, provided that if the volume weighted trading price of the Common Shares for the last 20 days on the TSXV is equal to, or greater than the applicable exercise price plus 20% per Common Share, then the Corporation may force the holder to exercise the Warrants into Common Shares within 30 days, after which the Warrants shall automatically expire. Any finder may be paid a commission (i) in cash for up to 6% of the Principal Amount it introduced, (ii) in a number of finder’s warrants equivalent to up to 6% of the Principal Amount of the Debentures it introduced divided by 0.75$ (the “Finder Warrants”), or (iii) a combination thereof. The Finder Warrants have the same terms of the Warrants. For the first tranche, a commission of $15,000 in cash and 20,000 Finder Warrants have been paid. The proceeds of the offering shall be used for general working capital and corporate purposes of the Corporation. All parties to the Offering are dealing at arm’s length. All securities issued pursuant to the Offering are subject to the applicable statutory hold period of four months and one day from the closing. The Offering is subject to the final approval of the TSXV. ABOUT GEEKCO Geekco is positioning itself at the forefront of social media by offering FlipNpik, a collaborative social network that aims to promote local shopping, thereby contributing to the improvement of local economy and the quality of life of citizens, and to reward valuable contribution with all active users. The FlipNpik ecosystem and mobile application leverage the community of consumers, content creators and influencers to stimulate local shopping and boost the visibility of local businesses. In exchange, active users who create and share digital content within the platform receive “Social Flipsˮ that they can use to earn rewards and/or goods from strategic partners and local businesses. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For more information, please contact: For Geekco Technologies Corporation: Henri Harland, Chairman of the BoardTelephone: (514) 246-9734

  • Acquisition of LSL Laboratory for Nearly $40 Million Dollars - Name Change - Consolidation - Announcement of a Concurrent Private Placement of Maximum $7 Million
    GlobeNewswire

    Acquisition of LSL Laboratory for Nearly $40 Million Dollars - Name Change - Consolidation - Announcement of a Concurrent Private Placement of Maximum $7 Million

    VAL-D’OR, Québec, March 30, 2021 (GLOBE NEWSWIRE) -- ILEDOR EXPLORATION CORPORATION (ILE.H). (the “Corporation” or “Iledor”) is pleased to announce the signing of a letter of intent dated March 26, 2021, with the shareholders of LSL Laboratory Inc. (“LSL”) to acquire all of the outstanding shares and securities of LSL (the “LSL Shares”). Iledor will then change its name to LSL Pharma Group Corporation. The transaction will constitute a change in business within the meaning of the policies of the TSX Venture Exchange (the “Exchange”). LSL is a corporation with over 65 employees that develops, manufactures and distributes sterile ophthalmic and injectable pharmaceutical products as well as natural health products. LSL distinguishes itself from other companies in its sector by its solid network of partners and collaborators providing it with extensive expertise in the manufacturing and development of generic products as well as their marketing. Concurrently with the purchase of LSL, Iledor intends to conduct a brokered private placement of a minimum of three million five hundred thousand dollars ($3,500,000) and a maximum of seven million dollars ($7,000,000) (the “Private Placement”) with several investors, subject to regulatory and Exchange approvals (the acquisition of LSL shares and the Private Placement collectively referred to as the “Transaction”). Upon completion of the Transaction, there will follow a name change and a prior consolidation of the Class “A” shares of the capital stock of Iledor (the “Common Shares”) at a ratio of thirty (30) old outstanding shares for each (1) new Common Share (the “Consolidation”). This is subject to shareholder and Exchange approvals. François Roberge, CEO of LSL, states “The acquisition by Iledor of LSL by way of a reverse takeover, as well as the change of name from Iledor to LSL Pharma Group Corporation marks an important step in the life of both corporations.” He added: “We are pursuing our mission to maximize shareholder value while sharing the value created with all those who contribute to it.” Transaction The Transaction will constitute an arm’s length acquisition within the meaning of applicable law and will be subject to a number of conditions precedent, including due diligence, completion of the minimum Private Placement and receipt of necessary regulatory, stock exchange and corporate approvals. All Iledor parties are dealing at arm’s length with respect to the assets and business of LSL. Pursuant to the purchase agreement to be entered into for the Transaction, the Corporation has agreed to acquire the Shares of LSL for a consideration of up to thirty-nine million nine hundred and eighty-eight thousand five hundred and fifty dollars ($39,988,550) payable by the issuance of up to fifty-seven million one hundred and twenty-six thousand five hundred (57,126,500) Post-Consolidation Common Shares, being a deemed price of seventy cents ($0.70) per Common Share. A finder's fee consisting of the issuance of 1,575,000 Post-Consolidation Common Shares will be payable to arm's length parties, subject to applicable securities regulations and Exchange approval. Information on the Target Corporation LSL LSL has plants located in La Pocatière and Upton where their dietary supplements and vitamins (in tablet and capsule form) and sterile ophthalmic and injectable pharmaceutical products are developed and manufactured. The business vision of LSL is to develop and manufacture products according to the highest quality standards for its Canadian and international customers. Highlights: Dynamic team of professionals dedicated to growth (internal and external) with an innovative strategy in developing and marketing generic and sterile pharmaceutical products;Premises located in an industrial complex in Sainte-Anne-de-la-Pocatière with a surface area of approximately 7,500 square feet for the manufacturing of its generic natural health products. A move to a 25,000-square-foot facility with state-of-the-art technology is planned for fall 2021;Industrial building located in Upton for the manufacturing of its sterile ophthalmic and injectable products. The plant has a floor area of over 26,000 square feet and is built on 60,000 square feet of land; andModern equipment capable of manufacturing, bottling and labelling natural products, including tablets and capsules, as well as manufacturing and bottling ointments, eye drops and injectable sterile products. The proposed Transaction and Consolidation are expected to be completed by the second quarter ending June 30, 2021, of the Corporation's fiscal year or during the third quarter, subject to customary contractual terms. Further details and financial information will be provided in a future press release. Financial Information The following tables briefly describe certain unaudited financial information of LSL known to its management as of the date hereof, presented in Canadian dollars and prepared in accordance with International Financial Reporting Standards (IFRS). For the twelve-month (12) period ended October 3, 2020: $ (12 months)Statement of OperationsOctober 3, 2020 (unaudited) Revenues5 255 000Net Income After Tax844 400 (12 months)Statement of Financial PositionOctober 3, 2020 (unaudited) Working Capital325 400Total Assets25 255 900Total Liabilities16 025 900 For the three-month (3) quarterly period ended December 31, 2020: $ (3 months)Statement of OperationsDecember 31, 2020 (unaudited) Revenues2 436 900Net Income After Tax523 417 (3 months)Statement of Financial PositionDecember 31, 2020 (unaudited) Working Capital2 221 200Total Assets28 462 000Total Liabilities15 459 400 Private Placement Prior to the closing of the Transaction, the Corporation shall have completed a private placement for total minimum subscriptions of three million five hundred thousand dollars ($3,500,000) and a maximum of seven million dollars ($7,000,000). As part of the Private Placement, the Corporation will issue a minimum of five million (5,000,000) units and a maximum of ten million (10,000,000) units at a price of seventy cents ($0.70) per post-consolidation unit (“Unit”). Each Unit consisting of one (1) Post-Consolidation Common Share and one-half (½) warrant (“Warrant”). Each whole Warrant will entitle the holder thereof to purchase, for a period of eighteen (18) months following the issuance of the Unit, one (1) Post-Consolidation Common Share at a price of one dollar ($1.00) per Common Share. In connection with the Private Placement, the resulting issuer may be required to pay a commission of up to six percent (6%) of the gross proceeds of the Private Placement, if any, to the intermediaries of such Private Placement, one half of which may be paid in Common Shares at a price of seventy cents ($0.70) per Share. Each security and underlying security issued in connection with the Private Placement and as a commission will be subject to a four (4) month and one (1) day hold period from the closing date, subject to such additional escrow conditions or resale restrictions as may be required by securities laws or the Exchange. The proceeds of the Private Placement and LSL’s current cash on hand will be used to finance business development, to increase production capacity at its two plants, for potential acquisitions of specialty pharmaceutical products and companies, and to increase its working capital and inventories. Pro Forma Capitalization Upon completion of the Transaction (including the Consolidation), sixty-nine million three hundred and eighty-nine thousand seven hundred and twenty-five (69,389,725) Common Shares (taking into account the completion of the maximum Private Placement) will be issued, of which six hundred and eighty-eight thousand two hundred and twenty-five (688,225) Post-Consolidation Common Shares of the resulting issuer will be outstanding and held by Iledor shareholders. It is expected that approximately thirty-four million (34,000,000) Post-Consolidation Common Shares of the resulting issuer, representing 49.00% of the Common Shares will be held directly or indirectly by the founders, management and employees, and the remaining Post-Consolidation Common Shares representing approximately 51.00% of the Common Shares will be held by shareholders from the public. Finally, a maximum total number of six million eight hundred and fifty thousand (6,850,000) Options may be issued following the closing of the maximum Private Placement. Proposed Officers and Directors of the Resulting Issuer: Iledor is pleased to announce the appointment of the resulting issuer’s officers and directors, which will become effective upon completion of the Transaction: François Roberge is President and Chief Executive Officer and director of LSL. Mr. Roberge, CPA, holds degrees in business administration and finance and has over 25 years of experience in finance and Mergers & Acquisitions of pharmaceutical companies and other industries. He served as Executive Vice President and Chief Financial Officer of Jamp Pharma Corporation for 8 years. A leader in his field, Mr. Roberge has, over the years, developed expertise in the manufacturing and marketing of pharmaceutical products. Marc Rousseau is the Vice-President and Chief Financial Officer of LSL. Mr. Rousseau is the President of LVR Capital Inc., an investment company. In 2001, he joined the Business Development Bank of Canada as a Senior Business Development Manager, a position he held until LVR Capital Inc. was founded in September 2005. Mr. Rousseau has extensive board experience having been a member of numerous Board of Directors including that of Quantum Numbers Corp. (TSXV:QNC) since 2017 where he serves on the Audit Committee. He is currently the CFO of this corporation. He holds a Bachelor of Arts degree from Concordia University. Jacques-André St-Pierre is the Vice President of Operations, Steri-Med division of LSL. He holds a Ph. D. in neuroscience from McGill University. He started working at LSL in 2009 and was, amongst other things, responsible for the manufacturing operations. Since July 2018 Mr. St-Pierre oversees Steri-Med operations at the Upton facilities. Francis Racine is the Vice President of Operations, generic natural health products division of LSL. Mr. Racine holds a Bachelor’s degree in Biochemistry and a Master's degree in Biology from Université du Québec à Montréal. He joined LSL in 2015 as Manager of Quality Assurance. Mr. Racine is now responsible for all manufacturing operations of LSL at La Pocatière. Upon completion of the Transaction, the board of directors of the resulting issuer will consist of a minimum of six (6) members, four of whom are announced today. In addition to Mr. Roberge, the following independent persons will be proposed: Luc Mainville brings over 30 years of capital markets experience. He has led or has played an integral part in five IPOs/RTOs, has completed more than 25 public financings and managed over 50 licensing, M&A, and sale transactions. He currently serves as SVP and CFO for Valeo Pharma Inc. (CSE: VPH) as well as SVP and CFO for Ortho Regenerative Technologies Inc. (CSE: ORTH). Mr. Mainville has held many senior roles in the life science industry including interim CEO of Acerus Pharmaceuticals Corporation, SVP of Cardiome Pharma Corp., owner of Luma Life Inc., President & CEO of Neopharm Labs Inc., President and CEO of LAB Research Inc. (TSX) and CFO of Waratah Pharmaceuticals Inc. (TSXV). Finally, he has accumulated significant board experience with private and public companies having acted as president and board member. Prior to joining the life science sector, he was Partner with KPMG LLP. Mr. Mainville received his MBA from McGill University and his bachelor’s degree from Université du Québec à Montréal. Sylvain Aird is a lawyer who has been acting as legal counsel for nearly 25 years, including 14 years with Boralex Inc. (TSX: BLX) a public renewable energy company with operations in North America and Europe. From September 2012 to June 2017, Mr. Aird served as Vice President Europe, Chief Legal Officer and Secretary at Boralex Inc. He also served as Vice President Business Development from June 2017 to March 2018. Over the course of his career, Mr. Aird has acted in multiple complex transactions and financings, both in Canada and abroad, and has acquired experience in mergers and acquisitions, financing, securities and corporate governance. Since April 2018, Mr. Aird has been working in securities for the firm Séguin Racine, Attorneys and sits on the board of directors of Terranueva Corporation (CSE: TEQ) as well Geekco Technologies Corporation (TSXV: GKO). Alain Larochelle has been a director of Iledor since 2010. Since 2018, he is vice president at L.S.M. Son & Lumières Inc. (LSM Ambiocréateurs), a privately held company offering expertise in sound, lighting, video as well as new media solutions both nationally and internationally. From March 2000 to 2016, Mr. Larochelle held the position of Vice President and General Manager of Solotech Quebec Inc., a corporation operating in the entertainment and technical equipment supply sector with a global reach. Mr. Larochelle was also a director of Cagim Real Estate Corporation (TSXV) from January 2005 to May 2010. Principal Conditions to the Closing of the Transaction The principal conditions to the closing of the Transaction are: (i) approval of the Transaction, including the Consolidation and the name change, by the special meeting of the Corporation's shareholders; (ii) approval of the Transaction, including the Consolidation and the name change, by the Exchange; and (iii) completion of the Private Placement. A request for exemptions from sponsorship will be made to the Stock Exchange. Additional information will be provided in a future press release. Completion of the Transaction is conditional upon, among other things, obtaining the consent of the Exchange and, if applicable, the approval of the disinterested shareholders. The Transaction may not close until the required shareholder approval has been obtained. There can be no assurance that the Transaction will be completed or that it will be completed in its proposed form. Investors should be aware that, except for the information provided in the management proxy circular or registration statement to be prepared in connection with the Transaction, not all information published or received with respect to the proposed Transaction may be accurate or complete and, accordingly, investors should not rely on it. Trading in the securities of the Corporation should be considered highly speculative. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release. For more information, please contact: For Iledor Exploration Corporation:For LSL Laboratory Inc.:Bertrand BrassardPresident and Chief Executive OfficerTelephone: (418) 817-0806François RobergePresident and Chief Executive OfficerTelephone: (514) 664-7700