Gawk Incorporated (OTCPK:GAWK) signed a letter of intent to acquire Xtelus LLC And Xtelus S.A. for $0.1 million on June 21, 2016. Gawk Incorporated (OTCPK:GAWK) entered into an acquisition agreement to acquire Xtelus LLC And Xtelus S.A. on June 27, 2016. The consideration consisted of 1 Series D Preferred Stock, which is convertible into $0.1 million of common shares at any time following 12 months from the issuance of such shares. Gawk Incorporated (OTCPK:GAWK) completed the acquisition of Xtelus LLC And Xtelus S.A. on June 27, 2016.