Posera Ltd. (TSX:PAY) announced that during 2018 the Company received unsolicited third-party offers for all or parts of Posera. To assess the merits of these offers the Company has hired a strategic financial advisor to engage with the parties interested in Posera as well as explore other potential strategic opportunities to maximize shareholder value. Exploring these offers as well as engaging financial advisors resulted in significant legal and professional fees to review incurred by the Company in 2018. There can be no assurances that a transaction will be consummated.