imagis-Welt-führenden Software-Lösungen-biometrischen Technologie - 500 Beiträge pro Seite

[jacky06]

kann es jetzt nur noch nach oben gehen-ist der zeitpunkt jetzt da???

IMAGIS TECH INC
Symbol IGSTF


Shareholders of Imagis Technologies and Briyante Software Approve Arrangement to Merge

2003-11-24 08:01 ET - News Release

VANCOUVER, Nov. 24 /PRNewswire-FirstCall/ -- Imagis Technologies Inc. ("Imagis") (OTCBB:IGSTF; TSX-VEN:NAB; Germany:IGY) and Briyante Software Corp. ("Briyante") (TSX-VEN:BSC) announced today that the Shareholders for each company, at their respective Annual General and Extraordinary Meetings of Shareholders, have voted in favour of the Special Resolution approving the Arrangement Agreement (the "Arrangement"). Under the Arrangement Briyante shareholders will receive 0.31111 post-consolidation Imagis Common Shares in exchange for each Briyante Common Share. The transaction is subject to court approval and is expected to close by November 28, 2003.

The combined company, which will be based out of Imagis` Vancouver head office, will focus on delivering world-leading software solutions based on top of Briyante`s disparate database integration server technology. This includes solutions that leverage Imagis` extensive knowledge of law enforcement and biometric technology as well as its expertise in combating the ever-increasing problems attributed to child pornography.

"In combining the strengths and intellectual property of the two companies, we have created a very powerful force capable of great things," said Roy Trivett, President & CEO, Imagis Technologies Inc. "We are extremely enthusiastic about the prospects for the combined entity, and are pleased to have received the support of our shareholders allowing us to move forward and execute our business strategy-that strategy being the delivery of world- leading software that combines disparate data integration and identification technologies."

"From a technology perspective, the entire Briyante team is excited about applying our unique approach to data integration to Imagis` product line," said Al Kassam, President & CEO of Briyante Software Corp. and Vice President, Technology and Development and CTO for Imagis Technologies. "From a company culture perspective, we already have a great relationship with Imagis, and we look forward to building on that excellent base."

Also approved by the Shareholders of Imagis Technologies Inc. was a reorganization of Imagis` share capital; an amendment to the Memorandum and Articles of Imagis to create a class of 50 million preferred shares without par value; a reorganization of Imagis` incentive share options; and the election and appointment of three new directors to the Company`s board of directors.

The aforementioned approval of the reorganization of Imagis` authorized share capital will result in a consolidation of Common Shares on a 4.5 to one basis. The share consolidation will become effective upon acceptance by the office of the Registrar of Companies.

With the reorganization of Imagis` incentive share options, which is also subject to regulatory approval, the number of shares available for issue under the 2003 Share Option Plan will be increased to be equal to 20 percent of the outstanding shares of Imagis post consolidation and acquisition of Briyante. Furthermore, shareholders approved the repricing of all outstanding Imagis options to a price equal to the weighted average trading price of the Imagis Common Shares for the five trading days immediately following the closing of the Arrangement.

Shareholders also approved an amendment to the Memorandum and Articles of Imagis to create a class of 50 million preferred shares without par value. The Company`s board will be able to issue, at its discretion, Imagis Preferred Shares from time to time in one or more series, providing greater flexibility in planning future financing. The Imagis Preferred Shares, should they be issued, will rank senior to the Common Shares of Imagis with respect to the payment of dividends and the distribution. The board can fix the number of shares on each series and determine the designation, preferences, rights, conditions, restrictions, limitations, and prohibitions attached to the shares should they deem appropriate. The Imagis Preferred Shares will be created on the acceptance of the resolution by the BC Registrar of Companies.

[stehrchen]

weiss jemand ob es kapitalmassnahmen bei imagis gibt?? (verschmelzung bzw. revers-split o.ä)