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Symbility Solutions acquired by CoreLogic

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Staff Writer |
Acquisition   Symbility is now an indirect wholly-owned subsidiary

Symbility Solutions announced that CoreLogic through its indirect wholly owned subsidiary, 2154638 Alberta, has completed the acquisition of all of the issued and outstanding common shares of Symbility not already owned by it or its affiliates for a purchase price of $0.615 per common share.

The acquisition took place by way of a plan of arrangement under Section 193 of the Business Corporations Act (Alberta) which was approved by the Court of Queen's Bench of Alberta on December 17, 2018.

As a result of the Arrangement, Symbility is now an indirect wholly-owned subsidiary of CoreLogic.

Trading of Symbility's common shares is expected to be halted until they are delisted from the TSX Venture Exchange on or about December 20, 2018. Symbility will also submit an application to cease to be a reporting issuer under the securities laws of the applicable provinces of Canada.

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