CALGARY, Oct. 23, 2017 /CNW/ - Clarocity Corporation
(TSXV:CLY OTC: CLRYF) (the "Company" or "Clarocity")
today announced that it has issued 1,360,000 common shares to
StableView Asset Management Inc. ("StableView") in payment
of outstanding debt arising from past services performed in the
amount of $149,600 previously
announced August 10, 2017. The deemed
issue price per share is $0.11, being
not less than the discounted market price prescribed by the TSX
Venture Exchange.
About Clarocity Corporation
Clarocity Corporation (formerly known as Zaio Corporation)
provides real estate valuation technologies to deal with today's
dynamic housing market through its proprietary valuation solutions.
Every day GSE, banking, and investor clients rely on our
proprietary solutions to fund loans and value assets. As a fully
integrated technology and valuation services company, Clarocity
provides unparalleled insight into their real estate business
assets. For more information, visit www.clarocity.com.
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.
This news release does not constitute an offer to sell or
a solicitation of an offer to buy and of the securities in
the United States. The securities
of the Company will not be registered under the United States
Securities Act of 1933, as amended the U.S. Securities Act, and may
not be offered or sold within the United
States or to, or for the account or benefit of U.S.
persons except in certain transactions exempt from the registration
requirements of the U.S. Securities Act.
The Company believes that the expectations reflected in
this news release are reasonable but actual results may be affected
by a variety of variables and may be materially different from the
results or events predicted in the forward-looking statements.
Readers are therefore cautioned not to place undue reliance on
these forward-looking statements. In evaluating forward-looking
statements readers should consider the risk factors which could
cause actual results or events to differ materially from those
indicated by such forward-looking statements. These forward-looking
statements are made as of the date hereof and unless otherwise
required by applicable securities laws, the Company does not intend
nor does it undertake any obligation to update or revise any
forward- looking statements.
SOURCE Clarocity Corporation