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.056s up. canadians pushed our ask higher on 3k volume at .03.....it is THAT THIN
GAIMF @ .036!
GAIMF News!
TORONTO, ONTARIO, Apr 26, 2012 (MARKETWIRE via COMTEX) -- GameCorp Ltd. ("the Company") (CNSX: GGG)(PINKSHEETS: GAIMF) is providing an update to its planned acquisition of OC Communications Group Inc. ("OCCGI") and a Joint-Venture and License with a Toronto-based direct sales company ("JV") for the sale and finance of home energy products. OCCGI is a business process outsourcing ("BPO") company that has been in business for 6 years and provides outsourced services, such as call center outsourcing, to a strong clientele both in Canada and the United States.
The terms of the OCCGI acquisition agreement mostly remain the same and the Company will issue one million common shares and assume a vendor-take-back loan of $1.65 million secured by the common shares of OCCGI and owing to the previous shareholders of OCCGI. The Company will not issue conditional performance shares as originally contemplated, however the Company will still honor the commitment to issue an additional two million of its common shares to the vendor upon the OCCGI Earnings Before Interest Taxes Depreciation and Amortization ("EBITDA") for calendar year 2012 exceeding $1 million. The Company will also complete the debt settlement agreement as originally contemplated with the secured lender to OCCGI to settle $625 thousand in liabilities. This will be settled for the issuance of two million common shares of the Company and the assumption of $300 thousand dollars in third party debt.
GameCorp has determined it will not complete the previously contemplated acquisition of the Joint-Venture and License with a Toronto-based direct sales company for the sale and finance of home energy products. The Company will be announcing an alternative business development strategy for this industry sector and management believes that the OCCGI BPO platform can be used for organize growth of this business unit.
Closing of the transactions described herein will occur imminently and the required regulatory and exchange filings are being processed. While Mr. Graham Simmonds is a relative of the President and CEO of the vendor, the transaction was completed on an arms-length basis and was reviewed and recommended to the Board of Directors by Lead Independent Director, Mr. Henry Kloepper, and it was unanimously approved.
GameCorp Ltd. is a public company that trades under the symbol GGG on the Canadian National Stock Exchange and under the symbol GAIMF on the Pink Sheets of the Over the Counter Bulletin Board. In general, the Company is a merchant banking company that is opportunistic with its investment scope. The company has investments in mobile and gaming technology and has recently been investigating opportunities to invest in the mining and resource sectors. The Company continues to look for investment opportunities and special situations as they arise.
GameCorp $GAIMF Updates Acquisition Plans
TORONTO, ONTARIO--(Marketwire -04/26/12)- GameCorp Ltd. ("the Company") (GGG)(GAIMF.PK - News) is providing an update to its planned acquisition of OC Communications Group Inc. ("OCCGI") and a Joint-Venture and License with a Toronto-based direct sales company ("JV") for the sale and finance of home energy products. OCCGI is a business process outsourcing ("BPO") company that has been in business for 6 years and provides outsourced services, such as call center outsourcing, to a strong clientele both in Canada and the United States.
The terms of the OCCGI acquisition agreement mostly remain the same and the Company will issue one million common shares and assume a vendor-take-back loan of $1.65 million secured by the common shares of OCCGI and owing to the previous shareholders of OCCGI. The Company will not issue conditional performance shares as originally contemplated, however the Company will still honor the commitment to issue an additional two million of its common shares to the vendor upon the OCCGI Earnings Before Interest Taxes Depreciation and Amortization ("EBITDA") for calendar year 2012 exceeding $1 million. The Company will also complete the debt settlement agreement as originally contemplated with the secured lender to OCCGI to settle $625 thousand in liabilities. This will be settled for the issuance of two million common shares of the Company and the assumption of $300 thousand dollars in third party debt.
GameCorp has determined it will not complete the previously contemplated acquisition of the Joint-Venture and License with a Toronto-based direct sales company for the sale and finance of home energy products. The Company will be announcing an alternative business development strategy for this industry sector and management believes that the OCCGI BPO platform can be used for organize growth of this business unit.
Closing of the transactions described herein will occur imminently and the required regulatory and exchange filings are being processed. While Mr. Graham Simmonds is a relative of the President and CEO of the vendor, the transaction was completed on an arms-length basis and was reviewed and recommended to the Board of Directors by Lead Independent Director, Mr. Henry Kloepper, and it was unanimously approved.
GameCorp Ltd. is a public company that trades under the symbol GGG on the Canadian National Stock Exchange and under the symbol GAIMF on the Pink Sheets of the Over the Counter Bulletin Board. In general, the Company is a merchant banking company that is opportunistic with its investment scope. The company has investments in mobile and gaming technology and has recently been investigating opportunities to invest in the mining and resource sectors. The Company continues to look for investment opportunities and special situations as they arise.
ON BEHALF OF GAMECORP LTD.
For additional information please visit the Company's website at www.gamecorp.com or refer to www.sedar.com.
Forward-looking Statements
This press release contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect. These statements involve risks and uncertainties including, without limitation, GameCorp's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.
The Canadian National Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contact:
GameCorp Ltd.
Mr. Graham Simmonds
Chairman, President and Chief Executive Officer
Direct: +1-416-843-2881
jgrahamsimmonds@gmail.com
www.gamecorp.com
the news out explains what is up at moment
really? does seem to me that this watcher is ready to sprout. kinda like seed is planted, being watered, and here comes the increase.
actually saw the same today from a leftover PEAR SEED. sometimes gifts are just under the soil, so be it with gamecorp.
texkengold@yahoo.com
jmho
per last pr it looks like they are concentrating on an Already-Profitable Call Center operation and the expansion of that. that is main focus right now i believe.
As states move to legalize mobile gambling in the U.S., verifying exactly where someone is located will become crucial. You can place a bet on a football game if you’re in the state of Nevada, for example, but not if you’re outside of it.
That will change as more states authorize sports betting. But for now, mobile gambling entities have to rely on companies such as Locaid, which is announcing today that it will provide “unspoofable” location authentication for Cantor Gaming, the mobile sports-wagering arm of Cantor Fitzgerald. The Locaid technology is a critical part of the ecosystem that can support online gambling, which is expected to be a huge industry in the U.S. in the not-so-distant future.
Rip Gerber, chief executive at Miami- and San Francisco-based Locaid, said in a panel at the Global iGaming Summit yesterday that hackers have learned how to spoof, or fake, their locations. That’s because it is easy to circumvent the security in global positioning systems (GPS) and Wi-Fi-based location authentication methods. But Locaid works with the carriers to fix a mobile user’s location based on the phone’s interaction with cellphone towers.
Gerber said that Locaid’s “geo-fencing” method meets the requirements of the Nevada Gaming Control Board. Thus, it helps companies such as Cantor Gaming extend gambling beyond the casino floor. The market for mobile wagering in Nevada may seem like a small one now, but it is expected to expand over time as more states authorize online gambling in order to cash in on much-needed tax revenues.
“To comply with state law, it was critical to ensure a mobile user’s location for mobile gaming and safeguard against today’s sophisticated spoofing technologies; Locaid enabled us to meet this challenge,” said Paul Williams, chief technology officer of Cantor Gaming. “Locaid is the only compliant network location-based solution for mobile sports betting in Nevada, and their services allow us to extend our reach of mobile gaming to the entire state.”
The Cantor Gaming app is available on Android.
http://venturebeat.com/2012/04/25/spoof-proof-authentication-to-help-mobile-gaming/
another decent day here
I know Hedge. Nice bid stepping up now @ 0175 . Baboom time coming bud .
does anyone here have an account with PennTrade or any with CNSX trading capabilities for that matter?
all brokerages can do it if you can int. trading desk i believe tho. im not into high fees if they exist for that tho....im stingy...like joepenny
it's thin to ten cents. this shot up to $.30 on news a while back. it will do the same again
No doubt. Not much there after the 03's .. Very thin,
L2 looking quite interesting ~ marked the board ~ GAIMF on watch!
Thanks 'BIG' It's going to get interesting down here $GAIMF
Yes. Board marks are going up big time..
GAIMF - Looks good, marked the board, and out it into my watch list!
PennyFans
$GAIMF LVL 2 resistance is basically non-existant. We are here on the ground floor. Anything is possible here.
i am here now. bookmarked
Marked your board
Nice Heads Up Hedge Party, We love winners!
Flex
Hey V.. What's up buddy.. Good point on the gaming laws ..
agreed hedge.. I see no resistance and I beleive there are only 89 free floating shares.. LOL ..
No No.. But ,, GAIMF is thin as sin and I'd say we are about due for an update ..
Looks like another good stock?here we are again...how it going Joe? Gonna look this one up over the weekend maybe buy into it a lot of gaming stocks popping up since the new law!
Looks like another good stock?here we are again...how it going Joe? Gonna look this one up over the weekend maybe buy into it a lot of gaming stocks popping up since the new law!
green is good!!
yep. anyone in around here will be Mega Green in time. Very green
this could go to .40 easily
But Estrella is going to light the fuse obviously
Look back on the board . Hedge has been here forever. Hedge is Da Man..
Hi Gem Who cares anyway bout that.. All I know is Hedge was talking to me about $GAIMF 3 days ago.. Great call guys..
Obviously we are about to get a monster update..
Hegde....just say Estrella's alert....what's shakin???
gem
GAIMF @ .013!
Not much left @ 01.. Been bid sitting 0065 $GAIMF. No bites on that ..
Hey Hedge.. Looks like you found another little golden nugget for us
$GAIMF float is almost non-existent ..
You are most welcome
gem
morning everyone
i'll be busy at my restauart most of the day today
but was alerted to come chk this baby out and going to be doing so
hope everyone is well
glta
Thanks GEM, that was very nice of you. Matter of fact, I will keep this one on watch for a while. Thanks again for the coffee my friend.
actually this is OTCQB and not a Pink. interesting.
Links and DD for GAIMF.pk (GGG:CNSX) GameCorp
http://gamecorp.com/
IHUB - http://investorshub.advfn.com/boards/board.aspx?board_id=14457
GGG on the CNSX - http://cnsx.ca/Page.asp?PageID=2013&AA_RecordID=235
Yahoo - http://finance.yahoo.com/q?s=GAIMF.PK&ql=1
Google - http://www.google.com/finance?q=CNSX%3AGGG
GameCorp Ltd. is a public company currently participating in the early-stage development of gaming projects with a specific focus on mobile technology and a proprietary platform for the enablement of mobile lottery, gaming and sweepstakes services. The Company is also expanding its interests in the mining and resource sectors, with a current focus on South and Latin America.
Gamecorp Ltd., headquartered in Toronto, Ontario, is a management company looking for strategic and value-added investment opportunities in the gaming industry. Gamecorp holds strategic investments in substantial gaming organizations, specifically Gate To Wire Solutions, Inc. OTCBB: GWIR, www.g2wsolutions.com), InterAmerican Gaming, Inc. (OTCBB: IAGM, www.interamericangaming.com) and Baymount Incorporated (TSXV: BYM, www.bym.ca). The company also holds a significant investment in Newlook Industries Corp. (TSXV: NLI, www.newlookindustries.com), a merchant banking organization based in Toronto.
GGG to acquire BPO and Home Energy Services Busine
12/12/2011
GameCorp Hires Experienced South American Mining E
09/26/2011
GameCorp to Sell InterAmerican Gaming Shares
06/13/2011
Issued & Outstanding: 14,847,017
Reserved for Issuance: 951,100
Thin Float: Yes – ~4,000,000
Address 3565 King Road
Suite 102
King City Ontario
L7B 1M3
Phone 1-416-843-2881
Fax 1-905-833-9847
Email graham@gamecorp.com
URL http://www.gamecorp.com
Listing Date Monday, April 28, 2008
Auditor SF Partnership LLP
Transfer Agent Capital Transfer Agency
Investor Relations Graham Simmonds
GAIMF - Weekly Candlesticks
Not sure what is going on but board marks growing
And what do we have here? a new board?....Ill board mark it, then read it then if I don't like it, Ill take my board mark back, OK?
gem
Thanks for the invite, I think
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CNSX: GGG, OTCBB: GAIMF
GAIMF is pleased to announce that it has hired Mr. Ricardo Woodman, a seasoned Peru-based mining executive, as its Vice President of Latin American Business Development.
"On behalf of the Board of Directors, I would like welcome Ricardo to the GameCorp management team. Ricardo is an experienced mining executive with deep roots into the South American mining sector. His experience in evaluating mining projects will be instrumental as GameCorp broadens its investment focus into the South American mining sector with a specific emphasis on early-stage exploration projects in Peru and Colombia," said Graham Simmonds, CEO of GameCorp.
Mr. Ricardo Woodman has 15 years of experience working in the banking, mining and public sectors in Peru. Ricardo has both an undergraduate degree and master's degree in Business Administration. Most recently he served as the Project Manager for a Peru-based mining company where he gained broad experience in the areas of finance, administration, planning, development of business plans and corporate organization. His core responsibilities included conducting due diligence, financial structuring and the raising of investment capital for mining projects. Previously he worked for three years as an advisor to the senior management of the Comptroller General of the Republic of Peru where he was involved in obtaining multilateral lending of the Inter-American Development Bank (IDB) for the implementation of the Modernization and Decentralization Planof National Comptroller's Office.
GameCorp Ltd. is a public company currently participating in the early-stage development of gaming projects with a specific focus on mobile technology and a proprietary platform for the enablement of mobile lottery, gaming and sweepstakes services. The Company is also expanding its interests in the mining and resource sectors, with a current focus on South and Latin America.
Some facts: (source: www.convencionminera.com)
Yanacocha (Peru)
GAIMF Security Details
Market Value1 | $644,491 | a/o Feb 16, 2011 |
Shares Outstanding | 9,207,017 | a/o Sep 30, 2009 |
IBOX updated Feb 17, 2011
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