Letter of intent

Playground Ventures Announces Completion of Ludare JV, the Proposed Acquisition of Countervail Games Inc. and A Financing

Thursday, June 10, 2021 - 2:07pm

MotionPix is a Vancouver based company that has the exclusive rights to a mobile game project licensed with a major movie franchise.

Key Points: 
  • MotionPix is a Vancouver based company that has the exclusive rights to a mobile game project licensed with a major movie franchise.
  • In 2021, he was also named as one of the Top 24 people of Asian Descent to Watch by the Vancouver Economic Commission.
  • Playground Ventures is also pleased to announce that it has entered a non-binding letter of intent (the "LOI") to acquire (the "Countervail Acquisition") all of the issuance and outstanding common shares in the capital of Countervail Games Ltd ("Countervail").
  • Accordingly, pursuant to MI 61-101, the Countervail Acquisition is subject to the minority shareholder approval and the formal valuation requirements of MI 61-101.

Vision Marine Technologies Announces Contract with The Limestone Boat Company to supply its E-Motion Powertrain Technology

Wednesday, May 19, 2021 - 1:00pm

Despite the pandemic, Vision Marine has over 1,100 LOI (\xe2\x80\x9cLetters of Intent\xe2\x80\x9d) from OEMs (\xe2\x80\x9cOriginal Equipment Manufactures\xe2\x80\x9d).

Key Points: 
  • Despite the pandemic, Vision Marine has over 1,100 LOI (\xe2\x80\x9cLetters of Intent\xe2\x80\x9d) from OEMs (\xe2\x80\x9cOriginal Equipment Manufactures\xe2\x80\x9d).
  • In a post-COVID environment, Vision Marine is now able to move quickly to convert the LOI\xe2\x80\x99s to orders.
  • Their ground-breaking E-Motion powertrain technology provides what we believe to be a disruptive series production high powered electric outboard system for watercraft.
  • The Limestone Boat Company is publicly traded on the Toronto Venture Exchange under the ticker symbol BOAT.

VOXX International Corporation Signs Letter of Intent to Acquire The Home Audio/video Business of Onkyo Home Entertainment Corporation

Monday, May 3, 2021 - 1:30pm

b'ORLANDO, Fla., May 3, 2021 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX) (the "Company"), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it has signed a Letter of Intent ("LOI") to acquire the Home Audio/Video ("A/V") business of Onkyo Home Entertainment Corporation ("Onkyo"), along with Sharp Corporation ("Sharp") as its partner.

Key Points: 
  • b'ORLANDO, Fla., May 3, 2021 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX) (the "Company"), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it has signed a Letter of Intent ("LOI") to acquire the Home Audio/Video ("A/V") business of Onkyo Home Entertainment Corporation ("Onkyo"), along with Sharp Corporation ("Sharp") as its partner.
  • VOXX and Sharp have been granted exclusivity while discussions remain underway.\nVOXX and Sharp have also entered into a Binding Agreement to move forward with this proposed transaction.
  • All companies have a strong working relationship and are moving towards reaching a Definitive Agreement by May 20, 2021.
  • This built upon and expanded the alliance between the company\'s when Onkyo became the distributor of Klipsch premium audio sound solutions in Japan in 2019.

W Technologies, Inc. Signs Letter of Intent to Acquire 100% Curisin Corp through a Merger with a Subsidiary of W Technologies, Inc.

Thursday, April 15, 2021 - 3:00pm

b'BEVERLY HILLS, Calif., April 15, 2021 /PRNewswire/ --W Technologies, Inc., ("W Tech or the Company"), (OTC: WTCG)announced today that it signed a non-binding letter of intent to acquire Curisin Corp. through a reverse merger with a wholly-owned subsidiary of the Company.

Key Points: 
  • b'BEVERLY HILLS, Calif., April 15, 2021 /PRNewswire/ --W Technologies, Inc., ("W Tech or the Company"), (OTC: WTCG)announced today that it signed a non-binding letter of intent to acquire Curisin Corp. through a reverse merger with a wholly-owned subsidiary of the Company.
  • Curisin recently acquired the assets of an accredited digital healthcare platform in India that will form the foundation for building possibly one of the largest blockchain healthcare platforms in the world.
  • Any such forward-looking information is expressly qualified in its entirety by this cautionary statement.
  • Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward look information.

Predictmedix Inc. Announces LOI to Acquire Symp2pass Inc.

Tuesday, March 23, 2021 - 2:32pm

TORONTO, March 23, 2021 (GLOBE NEWSWIRE) -- Predictmedix Inc. (CSE:PMED) (OTCQB:PMEDF) ("Predictmedix" or the "Company") is pleased to announce it has entered into a letter of intent (the "LOI"), to acquire Symp2Pass Inc. ("Symp2pass") (the "Acquisition").

Key Points: 
  • TORONTO, March 23, 2021 (GLOBE NEWSWIRE) -- Predictmedix Inc. (CSE:PMED) (OTCQB:PMEDF) ("Predictmedix" or the "Company") is pleased to announce it has entered into a letter of intent (the "LOI"), to acquire Symp2Pass Inc. ("Symp2pass") (the "Acquisition").
  • The LOI was executed on February 24, 2021 and currently Predictmedix and Symp2pass are working on the definitive agreement.
  • Much like Predictmedixs Safe Entry Station units, Symp2Pass affords hardware product installation that is coupled with scalable, AI powered software technologies.
  • There is one word that encapsulates our decision to acquire the Symp2Pass product suite from SmartCone synergy.

1169082 B.C. Ltd. Announces Entering Letter of Intent to Pursue Transaction with Awakn Life Sciences Inc. in Preparation for NEO Listing

Thursday, March 4, 2021 - 12:00pm

Ltd. (the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") with Awakn Life Sciences Inc. ("Awakn"), whereby the Company and Awakn have agreed to negotiate exclusively in respect of a transaction to combine their respective businesses (the "Proposed Transaction").

Key Points: 
  • Ltd. (the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") with Awakn Life Sciences Inc. ("Awakn"), whereby the Company and Awakn have agreed to negotiate exclusively in respect of a transaction to combine their respective businesses (the "Proposed Transaction").
  • In conjunction with the Proposed Transaction, the Company and Awakn intend to jointly apply to the NEO Exchange for the listing of the common shares of the resulting issuer.
  • Such a listing would be subject to the approval of the NEO Exchange and the satisfaction by the resulting issuer of the NEO Exchange's listing conditions.
  • Awakn Life Sciences is a clinical-biotech company researching, developing, and delivering evidenced-based psychedelic medicine to treat Addiction and other mental health conditions.

Quantum Announces Execution of Amalgamation Agreement with Ocumetics Technology Corp. and Engagement Letter with Haywood Securities Inc.

Monday, March 1, 2021 - 2:30pm

The Amalgamation Agreement supersedes and replaces the Letter of Intent between Quantum and Ocumetics that was previously announced in Quantum's press releases dated July 27, 2020, December 18, 2020 and December 29, 2020.

Key Points: 
  • The Amalgamation Agreement supersedes and replaces the Letter of Intent between Quantum and Ocumetics that was previously announced in Quantum's press releases dated July 27, 2020, December 18, 2020 and December 29, 2020.
  • It is now in the pre-clinical stage of a game-changing technology for the ophthalmic industry - the Bionic Lens.
  • Pursuant to the Amalgamation Agreement, Ocumetics and Quantum SubCo will amalgamate (the "Amalgamation") under the Business Corporations Act (Alberta) and continue as a new corporation ("Amalco").
  • The parties intend to enter into a definitive sponsorship agreement, which agreement will supersede the engagement letter.

Sproutly Expands LOI with CannaHive Inc.

Thursday, February 11, 2021 - 11:00am

Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G) (Sproutly" or the Company), has executed a revised and expanded Letter of Intent (the LOI) to enter into a commercial relationship with CannaHive Inc. (CannaHive).

Key Points: 
  • Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G) (Sproutly" or the Company), has executed a revised and expanded Letter of Intent (the LOI) to enter into a commercial relationship with CannaHive Inc. (CannaHive).
  • This agreement supercedes the LOI with CannaHive announced on January 5, 2021.
  • said Dr. Arup Sen, Chief Executive Officer and Director of Sproutly.
  • Forward-looking statements relate to future events or future performance and reflect the expectations or believes regarding future events of management of Sproutly.

Mercer Park Brand Acquisition Corp. Announces Automatic Extension of Permitted Timeline

Tuesday, February 2, 2021 - 9:30pm

TORONTO, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Mercer Park Brand Acquisition Corp. (NEO: BRND.A.U) (MP or the Company) announced today that it has an executed letter of intent in connection with a potential transaction, which would, if consummated, qualify as its qualifying transaction.

Key Points: 
  • TORONTO, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Mercer Park Brand Acquisition Corp. (NEO: BRND.A.U) (MP or the Company) announced today that it has an executed letter of intent in connection with a potential transaction, which would, if consummated, qualify as its qualifying transaction.
  • Accordingly, the Company will be permitted until May 13, 2021 (24 months following the closing of its initial public offering) to conclude its qualifying transaction.
  • The Company intends to disclose additional details regarding the transaction following the entry into a definitive agreement, if applicable.
  • About Mercer Park Brand Acquisition Corp.
    Mercer Park Brand Acquisition Corp. is a special purpose acquisition corporation incorporated under the laws of the Province of British Columbia formed for the purpose of effecting a Qualifying Transaction.

RISE Life Science Corp. Announces Proposed Transaction with Britannia Life Sciences

Friday, January 22, 2021 - 3:50pm

Toronto, Ontario--(Newsfile Corp. - January 22, 2021) - RISE Life Science Corp. (CSE: RLSC) ("RISE" or the "Company") announces that it has entered into an agreement with Britannia Bud Canada Holdings Inc., dba Britannia Life Sciences ("Britannia"), dated January 21, 2021 to amend and confirm a letter of intent previously agreed to by the parties (the "Agreement"), pursuant to which RISE and Britannia have agreed to complete a business combination transaction (the "Proposed Transaction").

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - January 22, 2021) - RISE Life Science Corp. (CSE: RLSC) ("RISE" or the "Company") announces that it has entered into an agreement with Britannia Bud Canada Holdings Inc., dba Britannia Life Sciences ("Britannia"), dated January 21, 2021 to amend and confirm a letter of intent previously agreed to by the parties (the "Agreement"), pursuant to which RISE and Britannia have agreed to complete a business combination transaction (the "Proposed Transaction").
  • The Proposed Transaction will not constitute a non-arm's length transaction or related party transaction under the relevant securities legislation or CSE policies.
  • RISE and Britannia have mutually agreed to an appropriate break fee in the event either party elects to pursue an alternative transaction.
  • In connection with the Proposed Transaction, Britannia is currently closing a private round of financing of up to $5 million USD.