acquires common shares of Keek and enters into technology agreement with the company

2 minute read
14 August 2015

On August 14, 2015, leading mobile video social network Keek Inc. (TSXV: KEK) (OTCQX: KEEKF) announced that it had entered into a technology platform licence agreement with Corporation. is the world’s first mobile commerce powered social network.

Pursuant to the agreement, Keek granted a non-exclusive license to use its proprietary software to facilitate commercial transactions and communication between the members of certain social network communities, as well as between the members and brick and mortar retailers, online retailers, brands and advertisers. has agreed to pay Keek a licensing fee equal to 10% of the gross revenue earned by through the use of Keek's platform.

Also, pursuant to a private placement of securities of Keek, acquired, and now owns and controls, 2,000,000 common shares of Keek, representing 10.7% of the outstanding common shares of the company on a undiluted basis and 2,000,000 warrants to purchase common shares of company, representing in aggregate, 19.3% of the outstanding common shares of Keek on a partially diluted basis.

Gowlings advised both respect to the private placement and the technology agreement with a team that included Nurhan Aycan and Jeff Zabalet (corporate/M&A) and Paul Armitage (IP/technology).

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