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On November 18, 2011, Snipp announced a strategic transaction with Alya Ventures Limited, which will provide the company with improved capabilities and additional capital to accelerate its growth and allow its shares to be traded on the Canadian TSX Venture Exchange. For more info, please see the press release.
On February 27, 2012, Snipp and Alya Ventures Ltd. received provisional approval to merge to form Snipp Interactive Inc., and start trading on the Toronto Venture Exchange under the ticker SPN. Concurrent with the merger which closed on March 1, 2012, the new company closed a funding raising C$2,000,000 in gross proceeds