8687544 Canada, Inc. signed a definitive agreement to acquire Inolife Technologies, Inc. (OTCPK:INOL) in a reverse merger transaction on February 1, 2016. As consideration, 30 million shares of Inolife will be issued after a 30,000 to 1 reverse stock split of Inolife shares. The deal is subject to all consents, approvals, permits, authorizations and orders required from regulatory authorities.

The transaction has been approved by the directors of both 8687544 Canada and Inolife Technologies.