Ynvisible Interactive Inc. (formerly Network Exploration Ltd.) announced the completion, effective Jan. 19, 2018, of its previously announced transaction with YD Ynvisible, S.A., whereby the company has acquired 94.19% of the issued and outstanding common shares of Ynvisible, which acquisition constitutes a reverse takeover transaction pursuant to the policies of the TSX Venture Exchange.
 
The company’s shares, which have been halted since announcing the RTO on May 2, 2016, will resume trading on the TSXV on Jan. 23, 2018 under the symbol YN”.
 
In addition, the company announce that it has closed its previously announced prospectus offering, including the full exercise of the over-allotment option, raising gross proceeds of $4,599,999.60 for the company.
 
The company announced the resignation of officer Alexander Helmel, president and CEO, effective Jan. 19, 2018 (Helmel will remain a director of the company). The company also announces the resignations of directors Robert Friesen and Richard Vaive effective Jan. 19, 2018. The company wishes to thank them for their efforts and wishes them well in future endeavors.
 
In connection with the completion of the RTO, Jani-Mikael Kuusisto has been appointed CEO and director. Inês Henriques has been appointed COO. Carlos Pinheiro has been appointed CTO. Duarte Mineiro and Martin Burian have each been appointed as directors of the company.