0955662 B.C. Ltd. announces further extension of take-over bid for OneMove Technologies Inc.

TORONTO, March 11, 2013 /CNW/ - 0955662 B.C. Ltd. (the "Offeror"), a subsidiary of Plantro Ltd. and Seastone Investments Limited, is pleased to announce that an additional 1,467,588 common shares (the "Common Shares") of OneMove Technologies Inc. ("OneMove") have been deposited to its take-over bid (the "Offer"). Following the take up and payment of these Common Shares, and including Common Shares previously taken up under the Offer, the Offeror, together with its affiliates and joint actors (including Plantro Ltd. and Seastone Investments Limited), will own 10,516,737 Common Shares, representing approximately 84.1% of the outstanding Common Shares.

The Offeror also announces a further extension of the Offer to allow the remaining OneMove shareholders sufficient time to tender their Common Shares. The Offer is now open for acceptance until 5:00 p.m. (Eastern Standard Time) on March 21, 2013. A notice of extension will be mailed to the remaining OneMove shareholders and filed under OneMove's SEDAR profile.

The Offeror has no intention of extending the Offer beyond March 21, 2013.

The Offeror intends to acquire any Common Shares not tendered to the Offer pursuant to a subsequent acquisition transaction following the expiry of the Offer. Eligible OneMove shareholders who validly tender their shares to the Offer prior to its expiry will receive payment within ten days of their shares being tendered under the Offer. If OneMove shareholders do not tender their shares to the Offer, such shareholders will not receive any consideration for their Common Shares from the Offeror until completion of a subsequent acquisition transaction, if any. Based on the number of Common Shares taken up under the Offer to date, the Offeror believes that it will possess sufficient votes to approve a subsequent acquisition transaction without requiring any other OneMove shareholder to vote in favour of such transaction.

About the Offer

Under the terms of the Offer, eligible OneMove shareholders who tender their Common Shares to the Offer will receive $0.425 in cash for each Common Share tendered. The details of the Offer are contained in the take-over bid circular of the Offeror dated January 17, 2013. The take-over bid circular and related documents have been filed under OneMove's profile on SEDAR at www.sedar.com. The board of directors of OneMove, upon the unanimous recommendation of the special committee of the board of directors, has unanimously recommended (with those directors who are nominees of the Offeror and its affiliates abstaining) that Shareholders accept the offer and deposit their Common Shares to the Offer.

OneMove shareholders may obtain a copy of the take-over bid circular, letter of transmittal and notice of guaranteed delivery from the SEDAR website at www.sedar.com or from the depositary for the offer, Equity Financial Trust Company, who may be contacted toll free at 1-866-393-4891 or by email at [email protected].

SOURCE: Plantro Ltd.