INTOUCH INSIGHT LTD. ("INX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 5, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation a share purchase agreement ("Agreement") dated September 24, 2021 between the Company and the shareholders (the "Vendors") of Mystery Researchers, LLC ("Mystery Researchers") (dba SeeLevel HX). Pursuant to the terms of the Agreement, the Company will acquire all of the issued and outstanding shares of Mystery Researchers in return for an aggregate consideration of $2,275,000(USD) in cash payments, of which $1,600,000(USD) is payable at closing and up to $1,125,000(USD) is payable over the next two years based on achievement of revenue targets, and will further issue an aggregate of 1,500,000 common shares ("Consideration Shares") of the Company to the Vendors at a deemed price of $0.66 per share. The Consideration Shares will be subject to a statutory hold period of four months and one day from the date of issuance.
Insider / Pro Group Participation: None
Finders' Fees: None
This acquisition is considered an Arm's Length transaction.
For further information, please reference the Company's news releases dated September 24, 2021 and October 1, 2021.
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