Madison Technologies Inc. (OTCPK:MDEX) entered into a share exchange agreement to acquire 51% stake in Posto del Sole on September 25, 2020. As per the transaction, Madison Technologies will issue 0.01 million Preferred Series C shares in consideration. Madison Technologies also has an option to acquire the remaining 49% within 18 months from the date of closing. On October 29, 2020, Madison Technologies Inc. advanced $0.085 million towards the investment in Posto Del Sole Inc. Post the transaction, the team at Posto Del Sole will be joining the team at Madison. The deal is subject to unanimous written consent of the Board of Directors of Madison Technologies authorizing issuance of the preferred stock to the sellers. Madison Technologies Inc. (OTCPK:MDEX) completed the acquisition of 51% stake in Posto del Sole on October 22, 2020.