Xigem Technologies Announces Binding Letter of Intent to Acquire Assets of Cylix Data in $32.35 Million Transaction
Toronto, Ontario--(Newsfile Corp. - November 1, 2021) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced plans to acquire the assets and operations of 2747524 Ontario Inc. o/a Cylix Data Group ("Cylix"), a business intelligence company. The Company entered into a binding letter of intent (the "LOI") on October 29, 2021 to purchase substantially all of the assets of Cylix (the "Business") for aggregate consideration of $32.35...
2021-11-01 3:00 AM EDT
Xigem Technologies Voluntarily Withdraws from OTCQB
Toronto, Ontario--(Newsfile Corp. - October 5, 2021) - Xigem Technologies Corporation (CSE: XIGM) (OTCQB: XIGMF) (FSE:2C1) ("Xigem" or the "Company"), today announced it has provided the OTC Markets Group, operators of the OTCQB® Venture Market ("OTCQB") with the requisite 24 hours notice to voluntarily withdraw its common shares from trading on the OTCQB, pursuant to Rule 4.3 of the OTCQB Standards. Accordingly, the Company expects that its shares will no longer trade on the OTCQB after the close of...
2021-10-05 8:35 AM EDT
Xigem Technologies Comments on Recent Promotional Activity Pursuant to OTC Markets Request
Toronto, Ontario--(Newsfile Corp. - October 1, 2021) - Xigem Technologies Corporation (CSE: XIGM) (OTCQB: XIGMF) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that the OTC Markets Group ("OTC Markets") has made it aware of certain promotional activities concerning the Company's common stock on September 28, 2021. OTC Markets had brought the existence of three (3) electronic newsletters (the "Newsletters") prepared by third parties to the Company's attention. Prior to receiving...
2021-10-01 4:00 PM EDT
Xigem Technologies to Add Cryptocurrency and Payment Gateway Capabilities to Its FOOi Mobile Payment App
Toronto, Ontario--(Newsfile Corp. - September 28, 2021) - Xigem Technologies Corporation (CSE: XIGM) (OTCQB: XIGMF) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced plans for the research and development of cryptocurrency payment gateway and processor capabilities for FOOi, its recently acquired mobile payment app. When complete, the additional functionality will extend FOOi's core capabilities of enabling digital payments through peer-to-peer and peer-to-business transactions.A strengthened, cryptocurrency-enabled FOOi will deploy the most efficient and...
2021-09-28 2:00 AM EDT
Xigem Technologies Grows Its Technology Portfolio; Announces Strategic Investment in "Last Mile" Technology Provider iDealer, Inc.
Toronto, Ontario--(Newsfile Corp. - September 20, 2021) - Xigem Technologies Corporation (CSE: XIGM) (OTCQB: XIGMF) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, is pleased to announce that it has entered into a letter of intent on September 14, 2021 (the "LOI") to acquire up to 22% of the common shares of iDealer, Inc. ("iDealer"), a transportation management technology provider for automobile dealers and other fleet operators. The all-cash transaction is valued at...
2021-09-20 2:00 AM EDT
Xigem Technologies Announces DTC Eligibility Allowing for Electronic Settlement of Trades in the United States
Toronto, Ontario--(Newsfile Corp. - September 8, 2021) - Xigem Technologies Corporation (CSE: XIGM) (OTCQB: XIGMF) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, is pleased to announce that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company ("DTC").DTC eligibility is expected to simplify the process of trading and enhance liquidity of Xigem's common shares in the United States. The Company's shares recently began trading on...
2021-09-08 2:00 AM EDT
Xigem Technologies Announces Shares for Debt Transaction and Warrant Exercise
Toronto, Ontario--(Newsfile Corp. - September 3, 2021) - Xigem Technologies Corporation (CSE: XIGM) (OTCQB: XIGMF) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that it has entered into a debt settlement agreement with an arm's length creditor whereby the Company will settle outstanding payables totalling $200,000 through the issuance of 952,381 common shares of the Company (each a "Share") at a deemed price of $0.21 per Share (the "Debt Settlement").The Shares will...
2021-09-03 5:30 PM EDT
Xigem Technologies Announces Results for Q2 2021
Toronto, Ontario--(Newsfile Corp. - August 30, 2021) - Xigem Technologies Corporation (CSE: XIGM) (OTCQB: XIGMF) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, has published its financial results for the quarter ended June 30, 2021 ("Q2 2021"). All figures referenced in this news release are in Canadian dollars unless otherwise noted.Second Quarter HighlightsKey milestones achieved during the quarter ended June 30, 2021 include the following: Completed a private placement financing raising net proceeds of...
2021-08-30 4:00 PM EDT
Xigem Technologies Comments on Acceleration of Remote Economy
Toronto, Ontario--(Newsfile Corp. - August 19, 2021) - Xigem Technologies Corporation (CSE: XIGM) (OTCQB: XIGMF) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today commented on the further transformation of the digitally-driven remote economy that has been accelerated by the world's response to the COVID-19 pandemic. Xigem offers a software-as-a-service (SaaS) platform designed to improve productivity and overall results for organizations operating in the remote economy."Behaviours have changed across all segments of society as...
2021-08-19 2:00 AM EDT
Xigem Technologies Shares Now Supported on Wealthsimple Platform
Toronto, Ontario--(Newsfile Corp. - August 17, 2021) - Xigem Technologies Corporation (CSE: XIGM) (OTCQB: XIGMF) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, is pleased to announce that its common shares can now be traded on Wealthsimple Trade. Wealthsimple recently announced that the Canadian Securities Exchange and 220 qualified CSE-listed securities, including Xigem, are now supported on its trading platform.Wealthsimple has attracted more than one million clients in Canada through innovative financial products and...
2021-08-17 2:00 AM EDT
REISSUE: Xigem Technologies Shares to Commence Trading on the OTCQB(R) Venture Market
This news release is being reissued for clarification on the new OTCQB ticker that has commenced trading today. The trading of its common shares on the OTCQB® Venture Market ("OTCQB"), is under the ticker symbol XIGMF.Toronto, Ontario--(Newsfile Corp. - August 11, 2021) - Xigem Technologies Corporation (CSE: XIGM) (OTCQB: XIGMF) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, is pleased to announce that it has been approved to commence trading of its common shares on...
2021-08-11 11:13 AM EDT
Xigem Technologies Shares to Commence Trading on the OTCQB(R) Venture Market
Toronto, Ontario--(Newsfile Corp. - August 11, 2021) - Xigem Technologies Corporation (CSE: XIGM) (OTCQB: XIGMF) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, is pleased to announce that it has been approved to commence trading of its common shares on the OTCQB® Venture Market ("OTCQB"), beginning today under the ticker symbol XIGMF."We are pleased to offer investors yet another avenue for trading our shares, and look forward to increasing the awareness around our company for U.S....
2021-08-11 2:00 AM EDT
Xigem Technologies Closes Acquisition of Peer-to-Peer Payment App FOOi
Toronto, Ontario--(Newsfile Corp. - August 9, 2021) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, is pleased to announce that it has completed the previously announced acquisition of cloud-based, peer-to-peer payment app FOOi (the "Transaction").Under the terms of the acquisition agreement, Xigem has acquired substantially all of the assets of FOOi Inc. (the "Vendor") for consideration of $500,000 (the "Purchase Price") to be satisfied by the issuance of...
2021-08-09 2:00 AM EDT
Xigem Technologies Announces Strategic Investment in Lead Generation Software Platform FB LABS and Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - July 26, 2021) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, is pleased to announce that it has entered into a letter of intent (the "LOI") to acquire a 25% interest in FB Labs Corp. ("FB LABS"), a lead generation software company with significant success in the hospitality vertical, for aggregate consideration of $750,000 (the "Acquisition"). On a continuing basis, this investment will allow...
2021-07-26 2:00 AM EDT
Xigem Technologies Announces Grant of Stock Options
Toronto, Ontario--(Newsfile Corp. - July 5, 2021) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that the Company has granted 200,000 incentive stock options (the "Options") to members of the Company's Advisory Board pursuant to its Stock Option Plan. Each Option entitles the holder to purchase one common share of the Company at an exercise price of $0.325 for a period of five years and will...
2021-07-05 5:00 PM EDT
Xigem Technologies Applies to Trade on OTCQB
Toronto, Ontario--(Newsfile Corp. - July 5, 2021) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that it has filed an application with the OTC Markets Group for its common shares to trade on the OTCQB® Venture Market ("OTCQB"). The OTCQB is a leading market for early-stage and developing U.S. and international companies. Recognized as an established public market by the U.S. Securities and Exchange Commission,...
2021-07-05 2:00 AM EDT
Xigem Technologies Provides Update on Proposed Acquisitions
Toronto, Ontario--(Newsfile Corp. - June 23, 2021) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today provided updates on the status of its proposed and previously announced strategic investment and strategic acquisition. Due diligence has been completed for both the Alperton Ltd. (doing business as "Shipit.to") and FOOi Inc. transactions. The parties to each transaction are working to finalize the definitive agreements. Subject to the execution of the...
2021-06-23 2:00 AM EDT
Xigem Technologies Retains Additional Investor Relations Advisors
Toronto, Ontario--(Newsfile Corp. - June 17, 2021) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that it has retained the services of investor relations and communications firms ("IR Parties") to provide services for the Company. The IR Parties are arms-length to the Company.Vancouver-based Whoa Is Media Inc., dba SmallCap Communications, is providing social media and communications services to the Company for an indefinite term, for...
2021-06-17 7:30 AM EDT
Xigem Technologies Closes Private Placement Financing and Issues Stock Options and Warrants
Toronto, Ontario--(Newsfile Corp. - June 2, 2021) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that the Company has completed a private placement financing (the "Offering") of 4,135,048 units (the "Units") at a price of $0.1575 per Unit (the "Issue Price"), raising gross proceeds of $651,270.07. Each Unit consists of one common share in the share capital of Xigem (a "Common Share") and one common share...
2021-06-02 2:00 AM EDT
Xigem Technologies Announces Results for Q1 2021
Toronto, Ontario--(Newsfile Corp. - May 28, 2021) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, has published its financial results for the quarter ended March 31, 2021 ("Q1 2021"). The Q1 2021 financial results are the first the Company has filed since completing its reverse take-over transaction ("RTO") on March 5, 2021. All figures referenced in this news release are in Canadian dollars unless otherwise noted.First Quarter HighlightsKey...
2021-05-28 5:00 PM EDT