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Totally Hip Technologies Inc
Symbol THP
Shares Issued 122,590,730
Close 2021-05-25 C$ 0.15
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Totally Hip enters venture capital, service agreement

2021-06-10 22:02 ET - News Release

Mr. James Boyce reports

VENTURE CAPITAL, SERVICES, AND MANDATE AGREEMENT

Totally Hip Technologies Inc. has entered to a venture capital, service and mandate agreement, providing for corporate, financial and technology development assistance and services with three venture companies to assist the companies with identifying suitable acquisitions, conducting due diligence, and providing administration, management, and, where necessary, technology development and related services. Totally Hip has also agreed to provide venture capital and stock exchange listing assistance. The vencap listing agreement provides Totally Hip with the right to provide up to 80 per cent of start-up, interim and other financings for each of the companies for a minimum of three years from listing on a stock exchange.

The three companies, Brooksbab Enterprises Inc., Eagle Blockchain Enterprises Inc. and 1132876 B.C. Ltd., are reporting issuers in British Columbia and Alberta, spun out from Totally Hip in 2017 by way of a plan of arrangement approved by the Supreme Court of the Province of British Columbia. The vencap listing agreement provides varying compensation for each of the companies, and success fees for Totally Hip, and replaces prior agreements and understandings.

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