TORONTO, Sept. 4, 2013 /CNW/ - Sprylogics International Corp. (TSXV: SPY), ("Sprylogics" or the "Company"), the international provider of innovative mobile search and messaging monetization services, is pleased to announce the results of the Company's annual and special meeting of shareholders held on September 3, 2013. Messrs. Marvin Igelman, Michael Kron Michael Serruya, Kevin Taylor and Keith Yokomoto were elected as directors for the ensuing year. All items put forth at the meeting were approved by the shareholders, including the consolidation (the "Consolidation") of the Company's common shares on the basis of one (1) new post-consolidation common share for every ten (10) pre-consolidation common shares. The Company has filed Articles of Amendment and the Consolidation has been completed with an effective date of September 3, 2013.

No fractional shares will be issued. Any fractions of a share will be rounded to the nearest whole common share. A new CUSIP number of CA 85210P2008 replaces the old CUSIP number to distinguish between the pre and post-consolidation shares. The Company's name and trading symbol will remain unchanged. The Company's common shares are expected to begin trading on a post-consolidation basis on the TSX Venture Exchange when markets open on September 6, 2013. The number of outstanding stock options and warrants of the Company will similarly be adjusted on the same basis as the common shares, and the exercise prices adjusted accordingly.

Letters of transmittal describing the details of the Share Consolidation and the process by which shareholders obtain actual share certificates representing the post-consolidation common shares were mailed out to registered shareholders of the Company. Registered shareholders may also obtain copies of the letter of transmittal by contacting the Company's transfer agent, Computershare Investor Services Inc.

The completion of the Consolidation satisfies the remaining escrow release condition of the Company's previously announced subscription receipt financing for gross proceeds of $6,078,936, the net proceeds of which have now been released to the Company. As a result, each subscription receipt has been exchanged for one (1) post-consolidation common share. Following the Consolidation and the issuance of common shares pursuant to the subscription receipt financing, the Company now has approximately 27,347,706 common shares issued and outstanding.