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September 24, 2020 (ACCESSWIRE via COMTEX) —
VANCOUVER, BC / ACCESSWIRE / September 24, 2020 / DIGATRADE FINANCIAL CORP (OTCPK:DIGAF), www.DigatradeFinancial.com, a financial technology services company, today announced that it has completed the Spinout (“Spinout”) of its subsidiary, Securter Systems Inc. (“Securter”) by way of special resolution of majority shareholders.
Terms and material events of the Securter Spinout and realignment are the following:
The approval of Securter Systems Inc reverse-split of the Company’s founding shareholders on a ratio of one new share for each two old shares (1:2)The approval of the denomination of the securities from USD to Canadian Dollars.The approval of the conversion of all outstanding investment group shares from US$0.23 per share to CAD$0.07 per share.The approval of the cancellation of the 100,000 Class “B” super voting shares that were 100% owned by Digatrade Financial