Level 14 Ventures Ltd. (CNSX:LVL) agreed to acquire Bridle Capital Ltd. from David DeWitt, Andy Swarthout and Keith A. Laskowski for $6.3 million on November 17, 2021. The Level 14 Ventures Ltd. has made an offer to issue a total of 36 million common shares in the capital of Level 14 Ventures Ltd., pay $0.625 million and grant a net smelter returns royalty of 1% to the shareholders as consideration for the acquisition by the Level 14 Ventures Ltd. of all of the shares from the shareholders. In connection with the proposed Transaction, Level 14 expects to complete a non-brokered private placement of shares for aggregate gross proceeds of $2.38 million.

The transaction is subject to approval of the Canadian Securities Exchange, due diligence and receipt of the approval of the shareholders of Level 14 Ventures Ltd. Denis Silva of DLA Piper (Canada) LLP acted as legal advisor to Level 14 Ventures Ltd. Virgil Hlus of Clark Wilson LLP acted as legal advisor to Bridle Capital.