Deveron Corp. (TSXV:FARM) has completed a Letter of Intent to acquire Assets of Frontier Labs Inc for $0.94 million on September 20, 2022. As consideration, Deveron will pay $0.83 million as cash and $0.41 million on each of the first two anniversaries.

Deveron will also issue common shares equal to $0.27 million and an additional number of Common Shares equal to $0.14 on each of the first two anniversaries. The transaction is subject to receipt of the approval of the TSX Venture Exchange and is expected to be completed on or about September 30, 2022.