FTI Announces Initial Letter Of Intent to Acquire Ontario Based Media and Gaming Technology Company - MoneyLine Sports Inc.
07 December 2021 - 8:16AM
FTI Foodtech International Inc. (TSXV:
FTI) ("FTI" or the
"Company") today announced that the Company has
signed a non-binding letter of intent ("LOI") to acquire MoneyLine
Sports Inc. ("MoneyLine"), based in Ontario, with its US
subsidiaries, in an equity transaction.
Pursuant to the terms of the LOI, it is the intention of the
parties to sign a definitive agreement to complete the approved
transaction with the TSX Venture exchange within 30 days.
Conditions precedent to signing of a definitive agreement include,
both parties submitting to and completing due diligence
investigations; both parties obtaining any shareholder approval
required, and; MoneyLine providing the two most recent fiscal years
of audited financial statements.
MoneyLine is a SaaS (Software as a Service) technology company,
focused on developing licensed, digital streaming content and tools
for the growing land-based and online gaming sector, through
blockchain applications.
ON BEHALF OF THE BOARD OF DIRECTORS
William Hullah, PresidentT : (416) 444-1058E :
info@fti-foodtech.com
The TSX Venture Exchange Inc. has not approved the
contents of this press release. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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