This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Gemoscan Announces Revision To Shares For Service Submissions

TORONTO, May 21, 2013 (GLOBE NEWSWIRE) -- Gemoscan Canada, Inc. ("Gemoscan" or the "Company") – (TSX-V:GES), (MUN:1GE) announces that, subject to regulatory approval, it will be extending two, previously announced, shares for service submissions.

Submission One

Further to the Company's press releases of September 12, 2012, February 6, 2013 and April 4, 2013, it is seeking approval from the TSX Venture Exchange ("TSXV") to extend an existing shares for service application ("Submission One"). The TSXV granted acceptance of Submission One on September 20, 2012, an extension to Submission One on February 14, 2013 and a further revision to Submission One on April 11, 2013. Under the current terms of Submission One the Company pays a consulting fee to a firm (the "First Consultant") in exchange for the provision of certain strategic advisory services of Cdn.$7,500 per month, all of which is satisfied through the issuance of Class A shares ("Shares") in the Company. The Company will, subject to regulatory approval, extend Submission One by an additional one month period, to the end of May 2013. The number of Shares to be issued to the First Consultant will be determined by using the closing price of the Shares on the TSXV on the first trading day of June 2013.

The revision to Submission One is subject to approval by the TSXV and to compliance with all applicable regulatory requirements.

Submission Two

Further to the Company's press releases of September 12, 2012 and February 22, 2013, it is also seeking approval from the TSXV to extend a second existing shares for service application ("Submission Two"). The TSXV granted acceptance of Submission Two on September 20, 2012 and an extension to Submission Two on March 4, 2013. Under the current terms of Submission Two the Company pays a consulting fee to a firm (the "Second Consultant") in exchange for the provision of certain strategic advisory services of Cdn.$17,000 per month, of which Cdn.$7,000 per month is satisfied through the issuance of Shares in the Company. The Company will, subject to regulatory approval, extend Submission Two by an additional one month period, to the end of May 2013. The number of Shares to be issued to the Second Consultant will be determined by using the closing price of the Shares on the TSXV on the first trading day of June 2013.

Stock quotes in this article: GES 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs