Craig James O'Neill, CEO, acquired 30,000 Common Shares on a direct ownership basis at a price of $1.750 through a prospectus or prospectus exempt offering on October 18th, 2018. This represents a $52,500 investment into the company's shares and an account share holdings change of 7.2%.
On the same terms, John Allen McLeod, a Senior Officer, acquired 20,000 Common Shares on a direct ownership basis. This represents a $35,000 investment into the company's shares and an account share holdings change of 78.4%. Brandon Blair Nussey, a Director, also acquired 20,000 Common Shares on a direct ownership basis. This represents an account share holdings change of greater than 100%. Finally, Eddie Chan, a Senior Officer, acquired 10,000 Common Shares on a direct ownership basis. This represents a $17,500 investment into the company's shares and an account share holdings change of greater than 100%.
VersaPay is in the Business Support Services Sub Industry Group under the Industrials Sector.
Versapay Corp is a Canada-based financial technology company that provides a cloud-based accounts receivable automation software and integrated payment solutions for businesses. The Company operates through two segments: VersaPay Solutions and Point of Sale Merchant Services (POS). Through its VersaPay Solutions segment, the Company focuses on electronic invoice presentment with its ARC software (ARC) and develops value added payment technologies, such as its PayPort and VersaPay Gateway. Through its POS segment, the Company acts on behalf of financial institutions to provide merchants with the ability to process credit and debit card payments for card-not-present and card-present transactions, including Internet businesses, mail-order/telephone-order merchants and retail point-of-sale merchants in Canada and the United State. The segment also includes the sale of physical and electronic point of sale terminals and related hardware.
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