Circa Enterprises Inc. (TSXV:CTO) agreed to acquire Westronic, Inc. for approximately $3.3 million on April 22, 2021. Funding for the transaction is anticipated to be financed from cash on hand and a new $5.0 million revolving term credit facility with the Company's bankers, the Royal Bank of Canada. In connection with the transaction Circa will agree to pay the shareholders of Westronic approximately $3.3 million, in cash, subject to certain adjustments and holdbacks pursuant to the terms of the Amalgamation Agreement. Upon completion of the acquisition, the Westronic business will operate as a wholly-owned subsidiary within Circa's Telecom segment. Circa Board of Directors has approved a resolution to authorize the management of Circa to enter into a definitive agreement to acquire Westronic Inc. Closing of the amalgamation remains subject to full execution of the Amalgamation Agreement, standard closing conditions. The transaction is expected to be completed in mid-May, following the approval of the amalgamation by Westronic's shareholders by way of shareholders meeting. Westronic business to be immediately accretive to Circa. Circa Enterprises Inc. (TSXV:CTO) completed the acquisition of Westronic, Inc. on May 19, 2021.