TSL888 Investments Inc. entered into a non-binding letter of intent to acquire Iplayco Corporation Ltd. (TSXV:IPC) for CAD 5.1 million on August 13, 2019. TSL888 Investments Inc. entered into a definitive agreement to acquire Iplayco Corporation Ltd. (TSXV:IPC) for CAD 5.1 million on October 30, 2019. Under the terms of the agreement, TSL will acquire all of the outstanding common shares of Iplayco for CDN 0.50 in cash per Share. Upon completion of the arrangement, Iplayco will become a wholly owned subsidiary of TSL. Under certain circumstances where the arrangement is not completed with TSL, Iplayco has agreed to pay a termination fee of CDN 0.25 million to TSL and TSL agreed to pay a termination fee of CDN 0.25 million to Iplayco. Closing of the arrangement is subject to various conditions, which are standard for a transaction of this nature, including receipt of Iplayco shareholder, court and regulatory approvals. Iplayco's Board of Directors has unanimously approved the arrangement and recommends that Iplayco shareholders vote in favor of the arrangement at the Meeting. A special meeting of Iplayco's shareholders to consider and, if thought fit, approve the arrangement will be held as soon as practicable. The transaction has been approved by the committee of independent Iplayco Board members and has received conditional approval from the TSX-V. As per announcement of December 18, 2019, Iplayco's shareholders have approved the transaction in the special meeting. The transaction is expected to close in December 2019. The transaction is expected to become effective December 23, 3019. The de-listing of Iplayco shares is expected to occur at the close of trading on December 24, 2019. Evans & Evans acted as financial advisor to the special committee of independent directors of Iplayco. Evans & Evans has provided an opinion to the special committee that, as of the date of such opinion and subject to the assumptions, limitations, and qualifications stated in such opinion, the consideration offered by TSL under the arrangement is fair, from a financial point of view, to Iplayco’s shareholders. DuMoulin Black LLP acted as the legal advisor to the special committee of independent directors of Iplayco. TSL888 Investments Inc. completed the acquisition of Iplayco Corporation Ltd. (TSXV:IPC) on December 31, 2019. Iplayco Corporation obtained a final order from the Court of Queen's Bench of Alberta on December 20, 2019. The Iplayco Shares were delisted from the TSX Venture Exchange as of the close of trading on January 2, 2020. Iplayco has applied to cease to be a reporting issuer under applicable Canadian securities laws.