|Bid||0.0000 x 0|
|Ask||0.0050 x 0|
|Day's Range||0.0050 - 0.0100|
|52 Week Range||0.0050 - 0.0100|
|Beta (5Y Monthly)||4.94|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 15, 2018 - Nov 18, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
TORONTO, April 30, 2019 -- Clarocity Corporation (TSXV: CLY; OTCQB: CLRYF) (“CLY Canada”), the Canadian parent of Clarocity Inc. and its operating subsidiaries, today announced.
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OTCQB: CLRYF) ( the “Corporation”) today announces termination of the term sheet entered into among iLOOKABOUT Corp. (“ILA”), StableView Asset Management Inc. (“StableView”) and the Corporation on November 13, 2018 (see press release November 16, 2018). The bridge loan and promissory note funding provided by ILA in the combined amount of CDN $932,000 and US $600,000 remains in place and outstanding as senior secured debt. Concurrently StableView has advised the Corporation that, both as the principal holder of debentures through pooled funds and managed accounts and as the lender representative under the several trust indentures governing certain debentures, StableView intends to take steps to cause Computershare Trust Company of Canada (“Computershare”), as trustee for debenture holders under trust indentures, as supplemented, to enforce the security underlying the debentures by seizing the shares of Clarocity Inc., Valuation Vision Inc. and Clarocity Valuation Services LLC (the “Operating Businesses”) by way of statutory foreclosure.
OTCQB: CLRYF) (“Clarocity”) and StableView Asset Management Inc. (“StableView”), as detailed in ILA’s previously issued press release dated November 16th, 2018. As a result, ILA and StableView have signed a letter agreement for the acquisition by ILA of Clarocity’s operating assets which include Clarocity Inc., Valuation Vision Inc. and Clarocity Valuation Services, LLC businesses (the “Proposed Transaction”). The Bridge Loan and Promissory Note provided by ILA to Clarocity will remain in place and outstanding.