Bet­terU com­plet­ing fi­nal val­i­da­tion, to re­sume soon

Stockwatch Daily - - TECHNOLOGY & TELECOM - An anony­mous di­rec­tor re­ports

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

(BTRU) Shares: 51,783,287

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