News Column

Parta Dialogue Inc. Completes Shares for Debt Settlement Transaction

Jul 12 2013 12:00AM

Marketwire

LogoTracker

MONTREAL, QUEBEC and TORONTO, ONTARIO and MEXICO CITY, MEXICO and PARIS, FRANCE -- (Marketwired) -- 07/12/13 -- Parta Dialogue (TSX VENTURE: PAD) an up and coming leader in Social Media Optimization and Social Learning, originally announced on January 11, 2013, with Mr. Alexander Salzman, a former consultant to a company acquired by Parta's corporate group in 2010, and Robson Capital Inc. ("Robson Capital"), an arm's length party to Mr. Salzman and Parta. The Transaction was carried out by means of a settlement and debt assignment agreement between the parties (the "Agreement") to settle certain claims alleged by Mr. Salzman in connection with past services rendered (the "Claims"), representing a debt in the amount of $30,000 (the "Debt"). Pursuant to the Agreement, Mr. Salzman released Parta and its corporate group from all Claims in exchange for the issuance of 200,000 common shares in the share capital of Parta (the "Shares") at a deemed price of $0.15 per Share, representing a total value equal to the amount of the Debt, which Mr. Salzman assigned to Robson Capital for nominal consideration.

The Shares to be issued to Robson Capital will be subject to a four-month plus one-day hold period from the distribution date, pursuant to securities legislation and the policies of the TSX Venture Exchange (the "TSXV"). The Shares have not been nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold in the United States or to an account for the benefit of US persons, absent such registration or an exemption from registration.

The Transaction has been conditionally approved by the TSXV.

About Parta

Parta Dialogue is an up and coming leader in Social Media Optimization and Social Learning for organizations at the forefront of digital strategy. Our clients include some of the largest and some of the smallest (but hippest) companies in the world, and the list is growing. Parta is aggressively investing in building out the most robust technology offering in the market (#esuite™) for brands and companies to support their entire social marketing cycle, from the data they want, to the insights they need leading to conversions they crave. The #esuite includes: social listening (#elisten™), publishing (#eshare™), and measuring social communities in real-time (#evalue™). Parta is the company behind Edu-Performance and #engagementlabs

Many visionary businesses already employ Parta's solutions for internal and external online engagement. Among these are Proctor and Gamble, Nestle, Durex, Budweiser, IBM, Mazda, Universal Pictures and Rock the Vote. www.partadialogue.com

Parta is listed on the TSX Venture Exchange under the symbol PAD and operates through two subsidiaries:

#engagementlabs, an all-digital agency offering a targeted range of social strategies, customized engagement platforms and analytic tools to measure performance and ROI totally focused on social engagement & optimization: www.engagementlabs.com.

edu-performance, totally focused on internal engagement and productivity, Edu-Performance offers customized Social Learning and online training solutions: www.eduperformance.com.

Other Information

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
Paul Allard, President & CEO
Parta Dialogue Inc.
+1 (514) 831-4245
paul.allard@partadialogue.com

Jeff Armstrong, Corporate Development/Investor Relations
Parta Dialogue Inc.
+1 (416) 627-2228
jeff.armstrong@partadialogue.com





Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters