DLT Resolution Inc. Announces Unwinding of Share Exchanges and New Share Agreements

DLT Resolution Inc., a US acquisition company, announced the unwinding of its share exchange transactions with a group of concerned Ciscom shareholders and the establishment of new share exchange agreements. The company had initially pursued share exchanges to consolidate a significant ownership in Toronto-based Ciscom Corp but decided to unwind these exchanges following discussions with the Ontario Securities Commission.

As compensation for unwinding the original share exchanges, DLT will issue 2,500 common shares to each concerned shareholder not entering new agreements. Additionally, DLT has successfully entered into new share exchange agreements with four Ciscom shareholders, aiming to acquire approximately 5.6% of the issued and outstanding Ciscom shares in exchange for issuing 1,510,000 shares of DLT.

These actions came as a resolution to what was described as an over-acquisition issue arising from Canadian securities laws. Drew Reid, Executive Chairman of DLT, expressed gratitude towards the Ontario Securities Commission and affirmed a continued focus on growth and representing the interests of disenfranchised shareholders.