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    SecureCom Mobile Clarifies Timing of 5  749  0 Kommentare 1 Share Consolidation

    TORONTO, ONTARIO--(Marketwired - June 2, 2016) - SecureCom Mobile Inc. (the "Company") (CSE:SCE)(OTCBB:SCQBF) (FRANKFURT:S6UN) clarified today the timing of its previously announced consolidation (the "Consolidation") of its unissued and issued and outstanding common shares on the basis of one post-consolidation share for every five pre-consolidation common shares. The record date for the Consolidation is June 7, 2016. The Company's common shares are expected commence trading on the Canadian Securities Exchange on a consolidated basis on June 3, 2016 under the new CUSIP number 81372N307.

    The Company currently has 25,172,240 issued and outstanding common shares. Following the Consolidation, it is anticipated that the Company will have approximately 5,034,448 issued and outstanding common shares, and continue to trade on the Canadian Securities Exchange under the existing symbol "SCE". The exercise or conversion price and the number of common shares issuable under any of the Company's outstanding warrants and options will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof.

    Any fractional common shares of the Company that result from the Consolidation will be converted into whole common shares without par value of the Company, such that fractional common shares comprising (i) less than one-half of one common share will be cancelled, and (ii) greater than or equal to one-half of one common share will be converted into one whole common share.

    Letters of transmittal with respect to the Consolidation will be mailed to all registered shareholders of the Company. Each registered shareholder that submits a duly completed letter of transmittal along with such registered shareholder's share certificate(s) representing pre-consolidation common shares to the Company's transfer agent, TMX Equity Transfer Services, (the "Transfer Agent"), will receive share certificates representing the number of post-consolidation common shares to which the registered shareholder is entitled. Until so surrendered, each share certificate representing pre-consolidation common shares of the Company will represent the number of whole post-consolidation Common Shares to which the holder is entitled as a result of the Consolidation. Shareholders of the Company that hold common shares through a bank, broker or other nominee should note that banks, brokers or other nominees may have different procedures for processing the Consolidation than those put in place by the Company and the Transfer Agent. Such shareholders will not be required to complete a letter of transmittal.

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    SecureCom Mobile Clarifies Timing of 5 1 Share Consolidation TORONTO, ONTARIO--(Marketwired - June 2, 2016) - SecureCom Mobile Inc. (the "Company") (CSE:SCE)(OTCBB:SCQBF) (FRANKFURT:S6UN) clarified today the timing of its previously announced consolidation (the "Consolidation") of its unissued and issued and …