/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
WIRE SERVICES/
CALGARY, Dec. 30, 2016 /CNW/ - Trakopolis IoT Corp.
("Trakopolis") (TSXV:TRAK) a cloud based platform for
interfacing mobile communications, software applications and
location based services, today announced that it has cancelled
949,993 of its common shares issued into escrow (the "Bonus
Shares") in connection with the reverse takeover of Lateral
Gold Corp. and Trakopolis' going public transaction as the
conditions to release of the Bonus Shares were not satisfied prior
to the release deadline of December 31,
2016.
As a result of the cancellation, Trakopolis' issued and
outstanding common shares have been reduced to 23,194,630 from
24,144,623 on an undiluted basis.
About Trakopolis
Trakopolis provides business intelligence to organizations that
require current data for equipment, devices, vehicles and people in
remote locations. Trakopolis customers benefit from
industry-leading data security through Microsoft Azure, powerful
analytics and mobile access to their solution across leading mobile
operating systems.
For more information, visit Trakopoliscorp.com or sedar.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.
SOURCE Trakopolis IoT Corp.