VANCOUVER, BC, Dec. 23, 2020 /CNW/ - LEAF Mobile Inc. (TSX.V:
LEAF), is pleased to announce that it has received the
conditional approval of the TSX Venture Exchange with respect to
its previously announced acquisition of all of the outstanding
securities of EastSide Games Inc. (the "Acquisition").
Please refer to LEAF's previous news releases dated October 7, October
26, November 11 and
November 30, 2020 for further details
regarding the Acquisition.
LEAF is also pleased to announce that it has received the
conditional approval of the Toronto Stock Exchange to list its
common shares for trading after completion of the Acquisition.
A filing statement dated December 22,
2020 describing the Acquisition (the "Filing
Statement") has been made available under LEAF's profile online
at www.sedar.com. Completion of the Acquisition is anticipated
for early January 2021. LEAF will provide further updates
regarding the Acquisition as they become available.
Completion of the Acquisition is subject to a number of
conditions, including but not limited to completion of the
previously announced offering of subscription receipts for gross
proceeds of $20,000,000, and receipt
of majority of the minority shareholder approval. The
Acquisition cannot close until these conditions are satisfied or
waived. There can be no assurance that the Acquisition will
be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Filing
Statement, any information released or received with respect to the
Acquisition may not be accurate or complete and should not be
relied upon. Trading in the securities of LEAF should be
considered highly speculative.
The TSXV has in no way passed upon the merits of the proposed
Acquisition and has neither approved nor disapproved of the
contents of this news release.
About the Company
LEAF Mobile Inc. (TSX.V: LEAF) is a leading creator of
counterculture mobile games. Headquartered in Vancouver, with a premier development studio,
LDRLY based in Nanaimo, BC, the
company is highly skilled in intellectual property, mobile game
development, marketing and publishing. LEAF's culture is anchored
in creativity, data insights and execution, delivering highly
engaging games that produce enduring player enjoyment. With over a
decade of experience in game development and marketing, LEAF has
consistently delivered high-grossing original and licensed IP
titles that include Cheech & Chong
Bud Farm, Bud Farm Idle Tycoon, Bud
Farm Grass Roots and Bud
Farm 420. Our game titles are available worldwide on the
App Store and Google Play. LEAF leverages successes in platform,
IP, marketing, development and data analysis to maximize value for
our global network of constituents, from players to talent to
shareholders and beyond.
For more information and to keep current on LEAF,
visit www.leafmobile.io and join our online communities
at Linkedin, Twitter, Facebook, and Instagram
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Leaf Mobile Inc.
