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  • Serebra Learning Corporation Reverse Takeover Update

20th May 2011

Serebra Learning Corporation Reverse Takeover Update

serebraVancouver’s Serebra Learning Corporation and St. John’s based Blue Drop Inc. are continuing their due diligence investigations into the proposed business combination announced March 24, 2011. In accordance with the policies of the TSX Venture Exchange trading of the shares continue to be halted. In compliance with the requirements set forth by the Exchange, trading in the company’s shares will remain halted until a sponsor has been engaged and satisfactory documents have been provided to the Exchange in accordance with Policy 5.2.BlueDrop

Serebra is also pleased to announce a reseller agreement with Bluedrop for a portion of Serebra’s sales team to sell Bluedrop’s Coursepark product. Coursepark is a leading online learning site that offers individuals access to skills that promote career development, and small businesses a training solution that allows them to build and/or buy courses, and implement, track and manage users’ completion of courses.

“We are very excited about the opportunity to expand our suite of products on offer to current and future clients,” said Taleeb Noormohamed, President and CEO of Serebra. “Coursepark is rapidly becoming a leading global learning site and we are thrilled at the opportunity to help expand its ever-growing user base. It is an excellent complement to Serebra Campus, allowing our sales team a different target market to pursue.”

In addition, Serebra and Bluedrop have negotiated a separate service agreement to have select members of Serebra’s development team provide specialized technical assistance to support Bluedrop’s roadmap for the Coursepark product.

“As we continue to negotiate the terms of a reverse takeover, these reseller and service agreements provide an opportunity to expand our mutual understanding of our products and business models,” added Taleeb.

This entry was posted on Friday, May 20th, 2011 at 4:00 am and is filed under Business News, National News, Software. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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