Clarocity Corp. announced that it has retained Keefe, Bruyette & Woods (KBW), Inc., an investment bank, as part of the company's previously announced strategic alternatives review.
KBW provides certain financial advisory services to Clarocity’s Strategic Alternatives Committee in connection with certain potential strategic transactions, the company announced in a release.
“There can be no assurance that the company's strategic alternatives review will result in the consummation of any transaction or, if a transaction is undertaken, as to its terms, structure or timing,” the release said.
“The company does not expect to disclose further developments during this process unless and until Strategic Alternatives Committee and the company's Board of Directors have approved a specific transaction or otherwise determined that disclosure is appropriate. Any potential transaction will be subject to receipt of all necessary approvals including acceptance by the TSX Venture Exchange,” Clarocity added.