Looking Glass Labs Closes Definitive Agreement to Acquire Bot Media Corp.’s Climate and AI Web3 Assets
VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Looking Glass Labs Ltd. ("LGL" or the "Company") (NEO: NFTX) (OTC: LGSLF) (FRA: H1N) is pleased to announce that further to the new release dated February 6, 2024 , it has closed the definitive agreement (the "Purchase Agreement"), to acquire the climate and artificial intelligence (AI) web3 assets (the "Purchased Assets") from Bot Media Corp. (the “Vendor”).
- VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Looking Glass Labs Ltd. ("LGL" or the "Company") (NEO: NFTX) (OTC: LGSLF) (FRA: H1N) is pleased to announce that further to the new release dated February 6, 2024 , it has closed the definitive agreement (the "Purchase Agreement"), to acquire the climate and artificial intelligence (AI) web3 assets (the "Purchased Assets") from Bot Media Corp. (the “Vendor”).
- Pursuant to the Purchase Agreement, the Company has issued an aggregate of 3,060,000 common shares at a deemed price of $0.25 per common share to the Vendor in full satisfaction of the purchase price of $765,000.
- The securities issued pursuant to the Purchase Agreement have a statutory hold period in accordance with applicable securities laws which will expire on June 9, 2024.
- No finder’s fees were paid on the Purchase Agreement.