Certive Solutions Inc. Announces Formation of an Acquisition Committee; to Seek Additional Debt Financing of Up to $3,500,000
Corporation; John Shackleton, the Company's Chairman of the Board and current Chief Executive Officer of SilkRoad, Inc., a multinational human capital management software company; Tim Hyland, also a member of the Advisory Council and former Chief Financial Officer of Schaller Anderson; and Brian Cameron, Chief Financial Officer and a director of the Company.
The company will be seeking additional debt financing of up to $3,500,000 for use in such acquisitions and intends to preserve a $0.30 conversion price for such debt financing for acquisitions completed within an 18-month period commencing on October 1, 2015.