2013-03-21 18:58:20 -
St. John's, Newfoundland CANADA, March 21, 2013 /FSC/ - Bluedrop Performance Learning Inc. (BPL - TSX Venture), today announced that as a result of the Company's graduation to Tier 1 issuer status, securities of the Company currently held in escrow under escrow agreements entered into among the Company, Computershare Trust Company of Canada as escrow agent and certain escrowed security holders of the Company pursuant to the policies of the TSX Venture Exchange, will become subject to an accelerated release schedule. As a result, 35% of the securities of the Company currently remaining in escrow, being an aggregate of 51,738,754 common shares of the Company, will be released and then the remaining 25% will be released July 26, 2013. The
number of outstanding common shares of the Company will not change as a result of the escrow release.
Bluedrop Performance Learning (TSX-V: BPL) is an innovator in workplace training for individuals, corporations, military personnel and the public sector. The company was launched in 2004 and has more than 100 employees in six offices across Canada. Bluedrop is transforming workplace learning by designing and delivering training content that enables individuals to improve their skills and their employers to increase productivity.
CoursePark.com is Bluedrop's cloud-based training delivery platform and contains more than 5,000 third-party online courses from the world's leading publishers and subject matter experts. Launched in 2011, the CoursePark platform is growing quickly, with registered users in more than 100 countries. For more information, visit www.bluedrop.com.
Bluedrop Performance Learning
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Source: Bluedrop Performance Learning Inc. (TSX-V: BPL) www.bluedrop.com
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