VANCOUVER, BC, Jan. 19, 2021 /CNW/ - LEAF Mobile Inc.
(TSXV: LEAF) ("LEAF" or "the Company") announced
today that it has filed amended and restated filing statement dated
January 18, 2021 (the "Amended
Filing Statement") with respect to the 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, November
30 and December 23, 2020 for
further details regarding the Acquisition.
LEAF previously filed a filing statement dated December 22, 2020 (the "Filing
Statement"). Though the terms of the Acquisition have not
changed, the Amended Filing Statement reflects LEAF's amended and
restated interim financial statements, together in each case with
an amended and restated corresponding management's discussion and
analysis (collectively, the "Amended Financial Reports") for
its interim periods ended June 30,
2020 and September 30, 2020
(collectively, the "Financial Periods"). Further
discussion regarding the Amended Financial Reports can be found in
LEAF's news release dated January 15,
2021.
The Amended Filing Statement also provides updated information
regarding LEAF's proposed offering of subscription receipts, as
well as updated information regarding an anticipated grant of
incentive stock options immediately after the closing of the
Acquisition.
The Amended Filing Statement is available under the Company's
profile on SEDAR at www.sedar.com, and replaces and supersedes the
previously filed Filing Statement. Such previously filed
Filing Statement should be disregarded.
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 Amended
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.