eSignLive Announces Successful Privatization
MONTREAL, QC, June 20, 2013 – Silanis Technology Inc. (“Silanis”) is today pleased to announce that shareholders of Silanis International Limited (“SIL”) have overwhelmingly voted in favor of taking their company private, effective June 24, 2013. A minority shareholder of Silanis, SIL was formed in 2007 as an investment company to raise funds and invest in privately held Silanis. SIL’s near-unanimous decision to leave the Alternative Investment Market of the London Stock Exchange (“AIM”) will see the Silanis group uniformly returned to private status. The reasons for this decision include:
- The lack of meaningful trading, liquidity and visibility offered on AIM; and
- To re-allocate administrative listing costs and resources into value-added research and development, sales and marketing.