Nuri Telecom Company Limited Announces Take-Up of Over 87% of Apivio Shares and Extension of Period for Tender of Additional Apivio Shares under its Offer

VANCOUVER , May 3, 2017 /PRNewswire/ - Nuri Telecom Company Limited ("Nuri") announced today that 47,887,785 common shares ("Apivio Shares")andnbsp;of Apivio Systems Inc. ("Apivio"), representing approximately 87.17% of the number of outstanding Apivio Shares, were validly tendered (and not withdrawn) under the offer (the "Offer") of 1101324 B.C. Ltd. (the "Offeror"), a wholly-owned subsidiary of Nuri, to purchase all of the outstanding Apivio Shares, as of the expiry of the initial deposit period for the Offer (i.e. 5:00 p.m. (Toronto Time) on May 2, 2017 ). As well, each of the conditions to the Offer (including the minimum tender condition prescribed by securities laws in force in Canada ) was satisfied (or, in the case of the 66 2/3% tender condition, waived), by the Offeror as of that time. Click here for more.

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