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Exchange Bulletin

exactEarth Ltd. (XCT) To Trade On Toronto Stock Exchange


February 8, 2016

exactEarth Ltd. - An application has been granted for the original listing in the Industrial category of 24,198,166 common shares of exactEarth Ltd. (the “Company”), of which 21,605,506 common shares will be issued and outstanding and 2,592,660 common shares will be reserved for issuance.

The common shares of the Company will be posted for trading at the opening on Tuesday, February 9, 2016.

This action results from the recently effected plan of arrangement (the “Arrangement”) involving Com Dev International Ltd. (“COM DEV”) (Symbol: CDV) and Honeywell International Inc. (the “Parent”), among others, as described in COM DEV’s management information circular dated December 21, 2015. The purpose of the Arrangement is, among other things, to permit the acquisition of all of the issued and outstanding common shares of COM DEV by the Parent through its Canadian subsidiary, Honeywell Canada Merger Corp., and to facilitate the spinout of COM DEV’s interest in the Company. Pursuant to the Arrangement, shareholders of COM DEV will receive an initial cash payment of $5.125 per share and 0.19785 of a common share of exactEarth. COM DEV shareholders will be eligible to receive a second payment approximately two weeks following the closing date of the Arrangement of up to $0.125 per share. See elsewhere in today’s Toronto Stock Exchange Bulletins for details regarding the delisting of the COM DEV common shares.

The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.

Stock Symbol: "XCT" CUSIP: 30064C 10 3 Trading Currency: CDN$

 

Temporary Market Maker: Leede Jones Gable Inc.
Other Markets: None
Head Office Address: 60 Struck Court
Cambridge, Ontario, N1R 8L2
Telephone Number: (519) 622-4445
Email Address: info@exactearth.com
Website Address: www.exactearth.com
Investor Relations: Peter Mabson
Tel: (519) 622-4445 ext. 5870
Email: Peter.Mabson@exactearth.com

- and -

Sean Maybee
Tel: (519) 622-4445 ext. 5876
Email: Sean.Maybee@exactearth.com
Chief Financial Officer and Secretary: Sean Maybee
Incorporation: The Company was incorporated as COM DEV Space Systems Ltd. under the Canada Business Corporations Act on August 11, 2006. The Company changed its name to “exactEarth Ltd.” on June 8, 2009.
Fiscal Year End: October 31
Nature of Business: The Company is a leading provider of global maritime vessel data for ship tracking and maritime situational awareness solutions.
Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal office in Toronto.
Dividends: To date the Company has not paid any dividends on its outstanding common shares. Dividends may be paid if and when operational and financial circumstances permit. The declaration and payment of dividends on the common shares is at the discretion of the Board of Directors of the Company.