Playground Ventures Inc. (CNSX:PLAY) entered in an agreement to acquire 1281750 B.C. Ltd. for CAD 2.6 million on May 31, 2021. Pursuant to the Share Purchase Agreement, the Company will acquire all of the issued and outstanding common shares of BCCo in consideration of: (i) issuing to the Vendors an aggregate of 6 million common shares in the capital of the Company (the “Consideration Shares”) at a deemed price of CAD 0.2625 per share; and (ii) issuing a promissory note in the amount of CAD 0.5 million to 1279059 BC Ltd. (the “Prom Note”). The Consideration Shares are subject to the following vesting provisions: as to 1/7 immediately upon closing of the Transaction (the “Closing Date”) with 1/7 additional Consideration Shares being released from escrow every six months following the Closing Date. The Acquisition is subject to receipt of all necessary regulatory approvals.

Playground Ventures Inc. (CNSX:PLAY) completed the acquisition of 1281750 B.C. Ltd. for CAD 1.8 million on January 27, 2022. Playground Ventures Inc. (CNSX:PLAY) acquired all of the issued and outstanding common shares of 1281750 B.C. Ltd. in consideration of issuing an aggregate of 5 million common shares in the capital of the Company.