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iPlayco strengthens balance sheet; buys back 51% of its shares from a controlling shareholder

iPlayco Corp Ltd (CVE:IPC) CFO Max Liszkowski tells Proactive the indoor playground specialist will purchase and retire 51% of its common shares from a controlling shareholder.

Under the agreement, iPlayco will pay FAS Entertainment B.C. Ltd., Saudi FAS Holding Company, and Billy Games Company Ltd US$2,500,000 and offer price discounts of up to US$1,000,000 toward future purchases of playground equipment from iPlayco. Upon completion of the acquisition, iPlayco will cancel all of the acquired shares.

Quick facts: iPlayCO

Price: 0.25 CAD

TSX-V:IPC
Market: TSX-V
Market Cap: $2.56 m
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Full interview: iPlayCo sees revenue rise by 12% as they work to bring the...

IPlayCo (CVE: IPC) Chief Financial Officer Max Liszkowski sat down with Steve Darling from Proactive Vancouver to talk about the company’s Q-3 financial numbers.  Liszkowski shared details about their numbers and also about the loss they suffered. Liszkowski telling Proactive they have...

on 31/8/19

2 min read