Slyce Inc. Announces Change in Board of Directors TORONTO, ONTARIO--(Marketwired - Jan. 27, 2016) -
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Visual product search platform Slyce Inc. (TSX VENTURE:SLC) ("Slyce" or the "Corporation") announces the resignation of Alistair Maxwell from its board of directors ("Board"). Mr. Maxwell has served as a director of Slyce since June 2014. The Board is grateful for Mr. Maxwell's valuable guidance, service and contribution to the Corporation and wishes him continued success in his future endeavors.
Mr. Maxwell is the Chairman and Chief Executive Officer of Beacon Securities Limited, an independent full service Canadian investment bank ("Beacon Securities"). Mr. Maxwell is resigning from the board to allow Beacon Securities to support the previously announced public offering of units of Slyce (the "Offering"). Further, Mr. Maxwell's vacancy on the Board will allow for the appointment of a strategic nominee of a future institutional investor of Slyce upon the approval of such nominee by the Board and subject to regulatory approvals of the TSX Venture Exchange.
This press release does not constitute an offer to sell or a solicitation of any offer to buy the securities in the United States, in any province or territory of Canada or in any other jurisdiction. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. There shall be no sale of the securities in any jurisdiction in which an offer to sell, a solicitation of an offer to buy or sale would be unlawful.
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