Key Developments For Copernic Inc.
Copernic Inc. (CNIC.O) (Consolidated Issue listed on NASDAQ Capital Market)
Copernic Inc. Announces Private Placement of 500,000 Common Shares
Copernic Inc. announced that it has entered into an equity private placement agreement pursuant to which Mr. John G. Simmonds, and a group of accredited private investors led by Mr. Simmonds, have agreed to acquire 500,000 Copernic restricted common shares from treasury. The Company has agreed to issue the new securities at USD4.00 per share for a total purchase price of USD2,000,000.00. The purchase price will be paid in cash at closing and the parties have agreed that closing will occur on or before December 14, 2009. Cash proceeds of the private placement will be utilized to finance a growth strategy comprised of acquisitions and organic growth.
Copernic Inc. Closes Sale Of Search Assets To Empresario
Copernic Inc. announced that it completed the sale of Mamma.com and its third party Ad Network to Empresario Inc., a privately owned digital media network based in Chicago, Illinois. The closing of this transaction took place on June 30, 2009.
Copernic Inc. Launches New Personal Search Portal
Copernic Inc announced its new personal search portal called myCopernic. myCopernic is designed to provide solutions for challenges: mobility and accessibility of personal data. It will also provide solutions to search and access the data that help professionals do business.
Copernic Inc. Announces the Sale of Search Assets
Copernic Inc. that it entered into an agreement to sell Mamma.com and its third party Ad Network for USD 5 million to Empresario, a privately owned digital media network based in Chicago, Illinois. Copernic's desktop search business including CDS Corporate, CDS Professional, and CDS Home products along with Copernic Agent, Summarizer and Tracker will be retained.
Copernic Inc. Announces Change of Auditors
Copernic Inc. announced the appointment of Raymond Chabot Grant Thornton (RCGT) as its new independent registered public accounting firm to perform Copernic's annual financial statement audit, as well as quarterly reviews of the Company's financial statements that will be filed during the fiscal year. Copernic had previously engaged RSM Richter, LLP which audited the Company's financial statements for 2003 through 2008, and performed quarterly reviews through December 31, 2008.
