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TORONTO, ONTARIO--(Marketwired - Oct. 14, 2016) - Further to its announcement via news release dated October 4, 2016 concerning the first closing of its arm's length brokered private placement of subscription receipts (the "Private Placement") by Findev Inc. (TSX VENTURE:FDI) (the "Company" or "Findev") in connection with its proposed change of business from one focused on the digital distribution of games for Smart TVs, next-generation set-top boxes and over-the-top devices, to that of lending to, investing in and financing real estate transactions (the "Proposed COB"), the Company is pleased to announce the conversion of subscription receipts to common shares and the release of funds to the Company for both the private placement of 2,225,000 subscription receipts to Plazacorp Holdings Limited and for the first closing of the Private Placement. Plazacorp Holdings Limited now holds a total of 8,891,667 common shares, or approximately 40% of the Company's outstanding shares. |
