Blockmint Technologies Inc. entered into an agreement to acquire SMC Ventures Inc. (TSXV:SMV.H) in a reverse merger transaction on July 10, 2018. Under the terms of the transaction, SMC Ventures will undertake the amalgamation involving the shareholder and warrant holders of Blockmint Technologies whereby, SMC Ventures will acquire all of the outstanding shares of Blockmint Technologies in exchange for 34.9 million post consolidated shares of SMC Ventures (issued on the basis of 1.33 post consolidated share of SMC Ventures for each Blockmint Technologies share) and SMC Ventures will issue warrants in replacement of 5.1 million warrants outstanding in the capital of Blockmint Technologies (each entitling the holder to acquire 1.33 post-consolidated shares of SMC Ventures upon the same terms as the underlying warrants). Pursuant to the transaction, current Blockmint shareholders will own approximately 81.14% of the issued and outstanding resulting issuer shares. The acquisition of Blockmint Technologies is expected to be completed by way of amalgamation, which will result in Blockmint Technologies and its wholly owned subsidiary Blockmint (USA) Technologies Inc., becoming wholly owned subsidiaries of SMC Ventures. SMC Ventures will carry on Blockmint Technologies business upon completion of the merger. SMC Ventures will change its name to Blockmint Technologies Inc., or a similar name. Trading of SMC Ventures shares has been halted. Upon closing of the transaction, Nelson Ijih will be appointed as Chief Executive Officer, Chief Technology Officer and Director, Daniel Beck as Chief Operating Officer, Toni Allen as Chief Financial Officer, Steve Capone as Non Executive, Justin Kurkland as Non Executive Director, Jeffery Lightfoot as Non Executive Director and Erin Walmesley as Corporate Secretary, Victor Hugo will be appointed as Chief Financial Offficer, Jeffery Lightfoot, David Patterson and Collin Watt will be appointed as Independent Director of the resulting issuer. The closing of the transaction is subject to the resignations of W. Hugh Notman, David Howard and James Trotman as directors of SMC Ventures and the appointment of representatives appointed by Blockmint, approval of TSXV, SMC Ventures shareholders, Blockmint Technologies shareholders and the court to the amalgamation. The agreement also depends upon SMC Ventures consolidating its share capital on the basis of 2 old shares to one new share of SMC Venture, replacing its Board of Directors with representatives nominated by Blockmint Technologies and also changing the management. As of November 16, 2018, TSX Venture Exchange granted conditional approved for the transaction. The transaction is expected to close by January 31, 2019.