Tellza Update TORONTO, Nov. 26, 2018 (GLOBE NEWSWIRE) -- Tellza Inc. (“Tellza” or the “Company”) (TSX:TEL) announced today that it received a notice of (re)assessment from the Canada Revenue Agency (“CRA”) denying input tax credit previously claimed by the Company related to an audit commenced by the CRA in 2016 together with Gross Negligence Penalties and arrears interest charges totaling to $17.5 million. In addition, the CRA has also proposed to deny a claim made by Tellza for a rebate of tax paid in error and to assess a further Gross Negligence Penalty in respect of that claim. Tell...
Tellza Update TORONTO, Sept. 09, 2018 (GLOBE NEWSWIRE) -- Tellza Inc. (“Tellza” or the “Company”) (TSX:TEL) announced today that it has sold its non-telecommunications portfolio investment in Rightway Holdings, LLC and applied the proceeds of the sale towards the repayment of all amounts owing to its senior lender under its credit facility. Discharging Tellza’s debt removes third party security interests over Tellza, provides additional capital and improved cash flows to our Telecommunications operations. Tellza also announced that, as a result of economic turmoil in Turkey, Tellza’s no...
Postponement of Annual Meeting of Shareholders TORONTO, June 08, 2018 (GLOBE NEWSWIRE) -- Tellza Inc. (“TELLZA” or the “Company”) (TSX:TEL) announced today that it has postponed its annual meeting of shareholders to a date to be determined. As previously announced, the Company is addressing allegations advanced by CRA in January 2018 in connection with CRA’s proposed denial of HST Input Tax Credits (“ITCs”) claimed by Tellza in the amount of approximately $12.4 Million. Tellza’s management believes that the allegations advanced by CRA are without merit and it intends to vigorously defen...
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