Prime City One Capital Corp : Prime City and Champion Gaming Enter into Acquisition Agreement for Reverse Takeover Transaction
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Prime City One Capital Corp : Prime City and Champion Gaming Provide Update Regarding Proposed Reverse Takeover
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Prime City One Capital Corp.: Prime City and Champion Gaming Announce Letter of Intent for Proposed Reverse Take-Over Transaction
Prime City or the
Champion ) are pleased to announce that they have entered into a letter agreement (the
Letter Agreement ), dated April 7, 2021, pursuant to which the Company and Champion have agreed to complete an arm s length transaction (the
Transaction ) that, if completed, will result in a reverse take-over of the Company by Champion. Following the completion of the Transaction, it is intended that the resulting issuer (the
Resulting Issuer ) will carry on the current business of Champion. The completion of the Transaction is subject to a number of conditions as discussed below, including the approval of the TSX Venture Exchange (