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Off-market insider buying at SelectCore (:SCG)

Updated Wednesday Apr 26, 2017 01:37 AM EDT

Martin Bernholtz, a Director, acquired 670,000 Common Shares on a direct ownership basis at a price of $0.150 and 670,000 Warrants on a direct ownership basis exercisable at a price of $0.200 for a period of three years through a private transaction on April 21st, 2017. This represents a $100,500 investment into the company's shares and an account share holdings change of 91.0%.

SelectCore is in the Wireless Telecommunications Services Sub Industry Group under the Telecommunication Services Sector.

SelectCore Ltd. is a provider of point-of-sale transaction processing and electronic distribution solutions for the prepaid telecom and financial services market. The Company operates in two segments: distribution of prepaid wireless airtime and providing prepaid card services. The Company offers a range of prepaid products and services from stored-value cards to mobile top-up. The Company's stored-value cards payment solutions include card programs, government disbursements, program management and instant issue solutions. The Company's point of sale payment solutions include point of sale activation, remittance solutions and reload network. The Company's subsidiaries include 1382285 Ontario Limited (SelectComm), 2143436 Ontario Limited (SelectCore Comm), Local Fone Service, Inc. (LFS), SelectCore USA, LLC (SelectCore US) and 2314606 Ontario Limited (SelectCore Financial Services).

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