Silent Solutions, Inc. acquired 15.7% stake in Idle Lifestyle Inc. (CNSX:IDLE.X) for CAD 7.5 million on July 18, 2022. Silent Solutions Inc. acquired an aggregate of 18,711,732 subordinate voting shares (the “Subordinate Voting Shares”) of the Corporation by way of a private share transfer at a price of CAD 0.4 per share. In connection with the transfer, they also acquired 502 multiple-voting shares (the “Multiple-Voting Shares”) which are convertible into subordinate voting shares at a ratio of 1,000:1. Upon conversion all of the multiple voting shares issued and outstanding on behalf of the Corporation, Silent Solutions would hold an aggregate of 21,613,651 for 12.82% of the issued and outstanding Subordinate Voting Shares on a fully converted basis.

Silent Solutions, Inc. completed the acquisition of 15.7% stake in Idle Lifestyle Inc. (CNSX:IDLE.X) on July 18, 2022.