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Cortex Business Solutions Inc (CBX.V)

CBX.V on TSX Venture Exchange

29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Cortex Business Solutions Inc Closing of $3,102,750 "Bought Deal" Private Placement Financing
Wednesday, 2 Sep 2015 09:39am EDT 

Cortex Business Solutions Inc:Closed its previously announced bought deal private placement of 1,551,375 common shares of Cortex at price of $2.00 per Share for gross proceeds of $3,102,750.Offering was led by Cormark Securities Inc. for a syndicate of underwriters, including Haywood Securities Inc.Offering included the partial exercise of the option by the Underwriters to purchase an additional 51,375 Shares.securities issued in connection with the Offering are subject to a four month hold period that expires on January 3, 2016.net proceeds of the Offering will be used for growth initiatives and for general corporate and working capital purposes.  Full Article

Cortex Business Solutions Inc announces private placement financing
Friday, 21 Aug 2015 08:01am EDT 

Cortex Business Solutions Inc:Announces $3 million "bought deal" private placement financing.Underwriters to purchase, on a bought deal private placement basis, 1.5 million common shares at $2.00 per share.  Full Article

Cortex Business Solutions Inc says staff reductions
Tuesday, 14 Jul 2015 12:05pm EDT 

Cortex Business Solutions Inc:Says cutting workforce by 14 pct.Staff reductions equates to approximately $1.4 million in savings annually for one-time cost of approximately $295,000.  Full Article

Cortex Business Solutions Inc and Perfect Commerce renew their strategic partnership offering collaborative AP/AR solution
Wednesday, 17 Jun 2015 06:38pm EDT 

Cortex Business Solutions Inc:Says renewal of partnership agreement with Perfect Commerce for purpose of increasing reach and value of their respective customer networks.  Full Article

Joel Leetzow joins Cortex as CEO
Monday, 4 May 2015 08:01pm EDT 

Cortex Business Solutions Inc:Says that Joel Leetzow has joined the company as chief executive officer and a member of the board.  Full Article

Cortex Business Solutions Inc formalizes partnership with Essential Software Solutions
Wednesday, 11 Mar 2015 08:30am EDT 

Cortex Business Solutions Inc:Signs of formal partnership agreement with Essential Software Solutions, for purpose of improving existing workflow and introducing cost savings to it's customer base.Says Cortex continues to expand it's partnership base and Essential Software Solutions strengthens their service to their e-Billing customers.  Full Article

Cortex enters into formal partnership with Britec Computer Systems Ltd
Wednesday, 25 Feb 2015 09:00am EST 

Cortex Business Solutions Inc:Signs a formal partnership agreement with Britec Computer Systems Ltd., for the purpose of extending their collaborative offering of the Sage ERP integration tool.Sage provides small and medium sized organizations as well as mid-market companies with a range of easy-to-use, secure and efficient business management software and services.Services include accounting, human resources, payroll, payments, enterprise resource planning and customer relationship management.  Full Article

Cortex Business Solutions Inc enters into formal partnership with Etelligent Solutions, extending collaborative solution offering
Friday, 6 Feb 2015 02:48pm EST 

Cortex Business Solutions Inc:Announces signing of formal partnership agreement with Etelligent Solutions for purpose of extending their collaborative offering of the Key Once integration tool.Key Once tool is designed to eliminate need to re-key information by Dynamics Accounting Solution users into Cortex Workbench Application.In past users of both MS Dynamics and Cortex Workbench application were required to manually transpose the same information from one system to other, at a cost of time and accuracy.  Full Article

Jim Barker joins Cortex as interim CEO
Monday, 8 Dec 2014 12:04pm EST 

Cortex Business Solutions Inc:Says Jim Barker has joined Cortex as Interim President and CEO effective immediately.Art Smith has left company to pursue other interests and the Board wishes to thank Art for his past contributions.  Full Article

Cortex Business Solutions Inc announces restatement of financial statements
Friday, 28 Nov 2014 08:52am EST 

Cortex Business Solutions Inc:Has restated consolidated statements of financial position as of July 31, 2013 (F2013), July 31, 2012 (F2012) and Aug. 1, 2011 and consolidated statements of loss and comprehensive loss.Says consolidated statements of changes in shareholders' equity and consolidated statements of cash flows for the years ended July 31, 2013 and July 31, 2012.Company has updated the disclosure presented in the Consolidated Financial Statements and has also restated the related management discussion and analysis (MD&A) for accompanying periods to reflect events occurring subsequent to the original filing dates.Company has amended the annual filings made for year ended July 31, 2013 and for Q1, Q2 and Q3 for fiscal year ending July 31, 2014 with comparatives for the prior year.However, the company has not amended, and does not intend to amend, the annual filings made for the year ended July 31, 2012 or the interim filings made in 2012.Accordingly, the restated MD&A's should be read in conjunction with the company's restated filings that have been filed on or after Nov. 26.  Full Article