iMining Technologies Inc. (TSXV:IMIN) entered into a Letter of Intent to acquire Assets of 1850142 Ontario Inc. from 1850142 Ontario Inc. for CAD 0.58 million on December 15, 2021. IMIN will acquire the assets in consideration of CAD 300,000 and the issuance and delivery of 2,500,000 common shares of IMIN at a deemed price of CAD 0.12 per share. The shares will be subject to a four-month hold period, after which escrow conditions will apply whereby the shares will be released as to 25% every 3 months. The transaction is subject to regulatory approval.

iMining Technologies Inc. (TSXV:IMIN) signed a definitive agreement to acquire Assets of 1850142 Ontario Inc. from 1850142 Ontario Inc. for CAD 0.2 million. The definitive agreement reflects an amended consideration for the acquisition, such that full payment will now consist of 2,500,000 common shares at a deemed price of CAD 0.12 per share, with no cash payments being required.