New International Infopet Systems Ltd. (CNSX: SPO) (the “Company”) is pleased to announce that it has completed its previously announced reverse takeover (the “RTO”) by MXM Nation Inc. (“MXM”) on December 19, 2013. The RTO was preceded by a non-brokered private placement by MXM for gross proceeds of $1,250,000 (the “Private Placement” and together with the RTO, the “Transaction”). A special shareholders meeting of the Company has been scheduled for January 8, 2014 to approve, among other things, a change of the Company’s name to SponsorsOne Inc.
On December 13, 2013, the Canadian National Stock Exchange (the “CNSX”) issued its conditional approval of the listing of the common shares of the Company (the “Common Shares”) upon completion of the Transaction. The Common Shares are expected to begin trading on the CNSX on December 23, 2012 under the ticker symbol “SPO”.
“The team at SponsorsOne is leading the way as social sponsorship is emerging as the next evolution in digital marketing” stated Myles Bartholomew, CEO. “We are driving forward with our plans to acquire the creative talent, to partner with the right social networks and to bring our social sponsorship platform to both brands and enthusiasts.”