Victory Square Enters Definitive Agreement to Acquire 49% of Flo Digital Inc.

21 Mar

Victory Square Enters Definitive Agreement to Acquire 49% of Flo Digital Inc.

Source: Crypto News
Victory Square Enters Definitive Agreement to Acquire 49% of Flo Digital Inc.

Victory Square

VANCOUVER, British Columbia, March 21, 2018 (GLOBE NEWSWIRE) — Subject to receipt of all requisite regulatory approvals, Victory Square Technologies Inc. (“Victory Square” or the (“Company”) (CSE:VST) (FWB: 6F6) will acquire 49% percent of all issued and outstanding shares of Flo Digital Inc. (“Flo”), for $1,000,000 CAD in total consideration (the “Purchase Price”). In addition to the equity investment, Victory Square will be providing a $300,000 CAD convertible note. The note will convert upon a minimum financing of $1,000,000 CAD at a 20% discount to the issue price.

Pursuant to a definitive subscription agreement executed between …

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