BetterU completing final validation, to resume soon
BETTERU EDUCATION Corp. would like to provide an update in regard to the extended stock halt from trading of BetterU.
On Oct. 19, 2018, at the request of the corporation, management of BetterU contacted the Investment Industry Regulatory Organization of Canada (IIROC) and the TSX Venture Exchange with details of a pending press release. Due to the significantly material nature of the proposed financing, the corporation decided to ensure that all governing bodies should be involved in the understanding of the deal prior to any detailed market disclosures. As the binding letter of intent was considered material, it was determined by the board that it needed to be announced, subject to additional validations.
Over the last three weeks, the corporation’s leadership has been working with the TSX-V in outlining the nature of the deal, how the opportunity came about, providing details for who the participants involved are, validation of fund capacity of the investor and what the required disclosers of the business and the announcement for the market should include. Currently, the corporation is completing final validation. These efforts made are for the best interest of the market and the corporation’s shareholders. It is part of BetterU’s responsibility to ensure validation for any such significant material news that can affect positively or negatively in the market.
The corporation is expecting that the halt to the stock will be lifting shortly and that the business will continue forward as normal.
About BetterU Education Corp.
BetterU, a global education marketplace, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated education-to-employment ecosystem.
We seek Safe Harbor.
Rajeev Dewan, Ravinder Kang, Anthony Harold Keenan, Bradley Loiselle, Praveen Kumar Varshney
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