Pacific Frontier Investments Inc. entered into a non-binding letter of intent to acquire Discovery One Investment Corp. (TSXV:DOIT.P) for CAD 11.9 million in a reverse merger transaction on October 5, 2020. Pacific Frontier Investments Inc. entered into an amalgamation agreement to acquire Discovery One Investment Corp. in a reverse merger transaction on March 9, 2021. Pursuant to the terms of the agreement, Discovery One and Pacific Frontier Investments will complete a business combination whereby Discovery One will acquire all the common shares of Pacific Frontier Investments and the business of Pacific Frontier Investments will become the business of the resulting issuer. Prior to closing, the shares of Discovery One will be consolidated on a 2.5:1 basis. The shareholders of Pacific Frontier Investments will receive 0.513977 post-consolidated common share of Discovery One for every common share of Pacific Frontier Investments currently held. As a result of the transaction, Discovery One anticipates it will issue 13.3 million shares to Pacific Frontier Investments's current shareholders in consideration of all the current outstanding shares of Pacific Frontier Investments. It is anticipated that an additional approximately 29 million shares will be issued to shareholders who participate in Pacific Frontier Investments's private placement. All Discovery One common shares to be issued to the holders of Pacific Frontier Investments's common shares may be subject to resale restrictions under securities laws and the policies of the Exchange, as applicable, and all common shares held by Principals of Discovery One and the resulting issuer will be held in escrow in accordance with the policies of the exchange. As of April 9, 2021, Discovery One and PFI have agreed to amend the terms of the amalgamation agreement whereby the pre-consolidation rollback ratio of the Discovery One's shares has been fixed at 2.3:1 with shareholders of PFI to receive 0.452398 post-consolidated common share of Discovery One. If, prior to Closing, the Corporation has received funds from the DOIT-CER litigation then DOIT anticipates it will issue 47.113 million shares to PFI's current shareholders. The Resulting Issuer will have 55,836,312 shares outstanding upon completion of the transaction. If, prior to closing, Discovery One has not received funds from the DOIT-CER litigation then DOIT anticipates it will issue 50.1 million shares to PFI's current shareholders. The Resulting Issuer will have 58.8 million shares outstanding upon completion of the transaction.

On February 15, 2021, PFI closed the final tranche of an oversubscribed private placement of shares, issuing a total of 75,374,811 shares at a price of CAD 0.07 per share to raise total gross proceeds of CAD 5,276,237. Immediately before the closing, DOIT will change its name to a new name suitable to the business of PFI such as “Pacific Frontier Investment Corp.” or such other name as accepted by the B.C. Registrar of Companies and acceptable to the Exchange. Upon completion of the transaction, the parties anticipate that the resulting issuer will be listed as a Tier 2 Industrial Issuer on the TSX Venture Exchange. The resulting issuer will trade under ticker symbol "RV". Immediately before the closing of the Transaction, Discovery will change its name to “Pathfinder Ventures Inc.” Upon completion of the transaction, it is expected that all members of the Discovery One Board and certain senior officers of Discovery One will resign and the Board of Directors and management team of the resulting issuer will be reconstituted with nominees put forth by Pacific Frontier Investments, which are expected to include Joe Bleackley, Chief Executive Officer, Director and Corporate Secretary, Cam Watt, President, Director, Stan Duckworth, Chief Operating Officer, Darren Prins, Chief Financial Officer and Mike Iverson, Director.

Completion of the transaction is subject to completion of all due diligence, all necessary approvals of the exchange and all other regulatory authorities, approval by shareholders of Pacific Frontier and third parties to the transaction being obtained, the completion of the Private Placement, receipt of an independent third-party valuation of Pacific Frontier Investments acceptable to Discovery One and Pacific Frontier Investments, majority of the minority shareholder approval, if applicable and no material adverse change occurring with respect to Discovery One or Pacific Frontier Investments, TSXV shall have conditionally approved the listing on the TSXV of the DOIT Common Shares to be issued pursuant to the Amalgamation, DOIT on a consolidated basis having current assets minus all liabilities (including accrued liabilities related to the transactions contemplated herein) of not less than CAD 750,000 if DOIT has not received the funds from the DOIT-CER litigation or not less than CAD 1,000,000 if DOIT has received the funds from the DOIT-CER litigation less any amounts loaned to PFI under the Bridge Loan and other customary conditions. Under the terms of agreement, PFI has recently secured alternate sources of debt and equity financing. A Special General Meeting will be held on April 21, 2021. As of April 23, 2021, Discovery One Investment's Special General Meeting held April 21, 2021 were passed unanimously by eligible shareholders who voted at the meeting. On April 1, 2021 DOIT made its Initial Submission for approval of transaction to the TSX Venture Exchange and is now awaiting comments from the Exchange. On May 3, 2021, Discovery One received TSX Venture Exchange approval to advance a bridge loan of CAD 0.25 million to Pacific Frontier Investments for working capital. On May 12, 2021, shareholders of PFI approved the transaction, and on July 30, 2021, Discovery One received conditional acceptance by the TSX Venture Exchange. The transaction is expected to close on or before February 28, 2021. The agreement has been amended to extend the time for completion to September 30, 2021. As of September 29, 2021, the transaction is expected to close on October 14, 2021. Toby Lim of Vantage Law Corporation acted as legal advisor to Pacific Frontier Investments. Michael Varabioff of Maxis Law Corporation acted as legal advisor to Discovery One Investment.

Pacific Frontier Investments Inc. completed the acquisition of Discovery One Investment Corp. (TSXV:DOIT.P) in a reverse merger transaction on October 14, 2021. Pathfinder Ventures Inc. will continue the business of Pacific. Following completion, the board of directors of Pathfinder has been reconstituted to consist of Joe Bleackley, Mike Iverson and Leonard Brownlie, and management of the Pathfinder has been reconstituted to consist of Joe Bleackley as Chief Executive Officer and Corporate Secretary, Stan Duckworth as Chief Operating Officer and Darren Prins as Chief Financial Officer. As of October 15, 2021, transaction is subject to the final acceptance of the TSXV.