Blue Drop Inc. has completed the previously announced reverse take-over (RTO) transaction with Serebra Learning Corporation (TSX-V: SLC). The combined company has changed its name to Bluedrop Performance Learning Inc.
Blue Drop is valued at approximately $4.3 million. Following the completion of the RTO, shareholders of Blue Drop will own approximately 87.8% of the combined company.
Effective at the opening, Friday, January 27, 2012, the common shares of Bluedrop Performance Learning will commence trading on TSX Venture Exchange under the symbol “BPL.”
Macquarie Private Wealth Inc. acted as sponsor for the transaction.
Founded by President & CEO, Emad Rizkalla, St. John’s based Bluedrop is a provider of cloud based eLlearning applications and custom courseware.