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Vogogo announces acquisition of Vanado

Vogogo has completed the acquisition of all of the issued and outstanding shares of Vanado, a consulting and payment services company based out of Denver, Colorado, for an aggregate deemed purchase price of approximately $610,000, comprised of the issuance of 227,273 common shares in the capital of the Corporation pursuant to a share purchase agreement.

The Agreement also provides for certain post-closing payments of up to $1,000,000 which shall be payable in Common Shares upon the Corporation achieving certain performance thresholds set out in the Agreement.

The acquisition of Vanado effectively expands Vogogo’s US operational presence in support of servicing the US market.
Vogogo CEO Geoff Gordon said of the announcement, "In addition to bringing several key resources into the Vogogo team, this acquisition expands our US operational presence allowing us to better support the US market."