TORONTO – In response to an acquisition bid by DDi, Coretec today said it has formed a special committee to review the bid.

The company said in a statement that it “investigates any and all opportunities presented to it which could enhance shareholder value.”

Coretec named board members Saleem Dedhar, Peter Murphy and Walt Custer to the committee. The company also obtained an extension to the closing date of its previously announced private placement of debentures and warrants to Nov. 30.
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