Madison Technologies Inc. (OTCPK:MDEX) agreed to acquire Sovryn Holdings, Inc. on February 16, 2021. Under the terms of agreement, Madison issued 100 shares of series B preferred stock and 1,000 shares of series E convertible preferred stock. At the same time, Madison Technologies settled all debts including loans, convertible notes and accrued interest by issuing 0.23 million Convertible Preferred Series D shares. Concurrently with the closing of the transaction, Chief Executive Officer of Sovryn, Phil Falcone, will be the new Chief Executive Officer and member of the Board of Directors, Henry Turner shall be appointed as Chief Technology Officer and Chief Operating Officer of Madison and Warren Zenna as a member of the Board of Directors of Madison. In addition, Jeffrey Canouse, resigned from his position as Chief Executive Officer of Madison effective immediately, was appointed Chief Compliance Officer and Secretary and will continue to serve as a member of the Board of Directors. Madison Technologies Inc. (OTCPK:MDEX) completed the acquisition of Sovryn Holdings, Inc. on February 16, 2021