The TSX Venture Exchange has accepted the notice for filing the documentation relating to an agreement between the company and arm's-length parties dated Aug. 29, 2023, in connection with the acquisition of 100 per cent of the issued and outstanding securities of Groupe Neos Inc. The aggregate consideration payable by the company for the acquisition is $3,107,572, and consists of $250,000 paid cash, the issuance of 48,421,827 common shares of the company, the issuance of $825,000 of convertible debentures and the assumption of outstanding debts. The one-year interest-free convertible debentures are convertible in common shares at five cents per common share.
For further details, please refer to the company's news releases dated June 21, 2022, June 28, 2023, and Aug. 30, 2023.
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