Winsoft Technology Solutions, Inc., CPM Networks Inc. and 2361514 Ontario Inc. acquired 90% stake in E-Debit International Inc. from E-Debit Global Corporation (OTCPK:WSHE) for $90 (CAD 91.73) on May 31, 2013. As per terms of agreement, E-Debit Global Corporation will be given perpetual royalty of 3.66% of E-Debit International Inc. net sales and perpetual group link share position of 10% with Board of Director appointment of a minimum of 20%. Post acquisition, CPM Networks Inc. and 2361514 Ontario Inc. will collectively hold 80% in E-Debit International Inc. and will repay CAD 0.29 million, 50% of shareholders loan and balance of it will be repaid by additional funding. The conversion was done through www.oanda.com.


Winsoft Technology Solutions, Inc., CPM Networks Inc. and 2361514 Ontario Inc. completed the acquisition of 90% stake in E-Debit International Inc. from E-Debit Global Corporation (OTCPK:WSHE) in May 2013.