Further to International Datacasting Corporation's ("IDC") (TSX VENTURE: IDC) shareholder approval of the merger announced in a press release dated May 30, 2016, Novra Technologies Inc. ("Novra") (TSX VENTURE: NVI) and IDC announced that all conditions of closing have been met—the agreement to merge the two companies was successfully closed on June 15th.
IDC will continue to operate, now as a wholly owned subsidiary of Novra. IDC will file a request that their shares be delisted. Investors and security holders of IDC and Novra should refer to SEDAR (www.sedar.com) for merger-related documents and the following related prior press releases:
The President of Novra, Harris Liontas, said, "This merger positions Novra extremely well to continue serving current customers and to address new and expanding markets with a broad suite of industry-leading products. It also sets the stage for execution of Novra's previously announced intentions to acquire two other respected companies within the same and adjacent markets."