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SSC Security Services Corp. Completes Acquisition of Logixx Security Inc.

Newswire.ca - Wed Jun 1, 2022

REGINA, SK, June 1, 2022 /CNW/ - SSC Security Services Corp. (TSXV: SECU) (OTCQX: SECUF) ("SSC" or the "Company) is pleased to announce that it has completed the acquisition (the "Acquisition") of all of the common shares ("Logixx Shares") of Logixx Security Inc. ("Logixx") from its corporate owner, Avante Logixx Inc. (TSXV: XX) (OTC: ALXXF) ("Avante") on the terms set out in the Share Purchase Agreement ("Purchase Agreement") announced by the Company in its March 30, 2022 news release. Pursuant to the Purchase Agreement, SSC acquired all of the issued and outstanding common shares of Logixx for a total purchase price of approximately $23.95 million (the "Purchase Price") in an all-cash transaction, subject to standard working capital, debt, and other closing adjustments. The full text of the Purchase Agreement may be found under SSC's issuer profile at www.sedar.com.

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