Key Developments: BSM Technologies Inc (GPS.V)

GPS.V on TSX Venture Exchange

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17 Dec 2014
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Latest Key Developments (Source: Significant Developments)

BSM Technologies Inc announces acquisition of Praxis Transportation Solutions Inc
Monday, 11 Aug 2014 06:00am EDT 

BSM Technologies Inc:Acquires 100 pct of the issued and outstanding shares of privately held Praxis Transportation Solutions Inc., an Alberta based company.Consideration includes C$300,000 in cash to be paid on closing, plus certain working capital adjustments.Further deferred contingent consideration consists of up to C$1,975,000 in cash and C$1,000,000 in common shares of BSM.Company will issue 500,000 common shares of BSM at price of C$2.00 per common share and such common shares will be placed in escrow.  Full Article

BSM Technologies Inc closes previously announced Lat-Lon LLC acquisition
Friday, 30 May 2014 04:13pm EDT 

BSM Technologies Inc:Announced that its subsidiary, BSM Technologies U.S. Holdings, Inc, has closed previously announced acquisition of 100 pct of the membership interests of privately held Lat-Lon LLC.  Full Article

BSM Technologies Inc announces acquisitions of US Based Company Lat-Lon LLC
Thursday, 15 May 2014 06:05am EDT 

BSM Technologies Inc:BSM Technologies US Holdings Inc, subsidiary to acquire 100 pct of membership interests of privately held Lat-Lon, LLC, a Colorado ltd liability company.Lat-Lon acquisition is expected to close on May 30.  Full Article

BSM Technologies Inc closes $22 mln bought deal offering of common shares
Thursday, 6 Feb 2014 09:14am EST 

BSM Technologies Inc:Completes its previously announced bought deal public offering of common shares of the company.Says the company issued a total of 7,333,334 offered shares at a price of $3.00 per Offered Shares.Says for aggregate gross proceeds of $22,000,002.Says the offering was sold to purchasers arranged by a syndicate of underwriters co-led by Clarus Securities Inc. and Paradigm Capital Inc. and including Canaccord Genuity Corp., Cormark Securities Inc. and TD Securities Inc.Intends to use the net proceeds of the offering for general working capital purposes, including but not limited to business expansion, research and development, sales and marketing, product expansion and working capital.  Full Article

BSM Technologies Inc enters into bought deal agreement for gross proceeds of C$22,000,002
Thursday, 16 Jan 2014 04:37pm EST 

BSM Technologies Inc:Enters into an agreement with a syndicate of underwriters co-led by Clarus Securities Inc. and Paradigm Capital Inc. and including Canaccord Genuity Corp., Cormark Securities Inc. and TD Securities Inc.Says under which the Underwriters have agreed to buy 7,333,334 common shares from BSM on a bought-deal basis and sell them to the public at a price of C$3.00 per Common Share.Says it has also granted to the underwriters an over-allotment option to purchase an additional 1,100,000 common shares at the same price, exercisable by the underwriters.  Full Article

BSM Technologies Inc appoints CFO
Wednesday, 15 Jan 2014 09:41am EST 

BSM Technologies Inc:Says Louis De Jong has Chief Financial Officer (CFO) of the company.Says De Jong is entitle to receive stock option at an exercise price of $3.21 for a period of five years.  Full Article

BSM Technologies Inc Receives Contract With A Fortune Global 500 Company
Thursday, 14 Nov 2013 10:45am EST 

BSM Technologies Inc announced that through one of its US channel partners it has been awarded a contract to deploy its Sentinel FM solution with the North American Division of a Fortune Global 500 Company. Under the terms of the agreement, BSM will provide the client with 1,300 Sentinel FM units in addition to 300 units that have previously been deployed as part of a proof of concept program with the customer. The SFM 7000 model was chosen for its enhanced functionality including support for routing, dispatch and hours of service (HOS).  Full Article

BSM Technologies Inc Receives Contract With Bell Canada
Tuesday, 5 Nov 2013 07:04am EST 

BSM Technologies Inc announced that it has been awarded a contract to provide 4,000 Sentinel FM units to Bell Canada for use across its mobile fleet.  Full Article

BSM Technologies Inc Secures Contract With Metropolitan Transportation Authority OF NEW YORK To Provide Fleet Management Service
Tuesday, 24 Sep 2013 09:31am EDT 

BSM Technologies Inc announced that it has been awarded a contract to provide its Sentinel FM asset tracking solution to North America's largest transportation network, the Metropolitan Transportation Authority (MTA). Under the terms of the agreement, BSM will equip the MTA's Long IslandRail Road (LIRR), Metro-North Railroad (MNR) and Bridges & Tunnels (B&T) vehicles with up to 1420 Sentinel FM units and provide five years of service, with an option to extend the service for an additional five years. The contract is valued at up to $4.2 million if all options are exercised.  Full Article

BSM Technologies Inc Closes New Credit Facility To Support Acquisition And Growth Plans
Wednesday, 3 Jul 2013 07:00am EDT 

BSM Technologies Inc. announced that it has closed the three-year, $10 million credit facility with the Toronto-Dominion Bank previously mentioned in the Company's June 3, 2013 announcement. This facility includes a $7 million term facility to finance the full up-front cash consideration for the Company's recent acquisition of AutoVision Wireless Inc., and a $3 million operating line-of-credit. The term facility and operating line-of-credit will initially carry an interest rate of 3.75%. The interest rate will vary based on the prime rate and a ratio of total debt to adjusted EBITDA.  Full Article

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