MeetAmi Innovations Inc. entered into a letter of intent to acquire Smithe Resources Corp. (TSXV:SMTH.P) in a reverse merger transaction on December 15, 2023. Pursuant to the transaction, holders of the issued and outstanding common shares of MeetAmi will exchange their MeetAmi shares for post-consolidated common shares of the Resulting Issuer on a one-for-one basis. Prior to the closing of the transaction, MeetAmi intends to complete a non-brokered private placement offering of unsecured convertible debentures for gross proceeds of up to CAD 1 million and private placement of subscription receipts for aggregate gross proceeds of up to CAD 6 million. Immediately prior to the closing, it is anticipated that Smithe will undertake a consolidation of the Smithe Shares at a ratio of 0.68181818 post-consolidation Smithe shares for every one pre-consolidation Smithe share. Upon completion of the transaction, Smithe will change its name to ?MeetAmi Holdings Corp.? or such other name as is determined by MeetAmi, and, the Resulting Issuer will carry on the business of MeetAmi.

The board of directors of the Resulting Issuer shall be restructured to consist of four members consisting of Hashim Mitha (Chief Executive Officer of MeetAmi), Sarah Morton (Chief Strategy Officer of MeetAmi) and two additional directors mutually agreed by Smithe and MeetAmi. The officers of the Resulting Issuer shall consist of the following: Hashim Mitha as Chief Executive Officer, Sarah Morton as Chief Strategy Officer, Vaclav Vincalek as Chief Technology Officer, Stewart Marshall as Chief Financial Officer and additional officers determined by MeetAmi. The transaction is subject to execution of a definitive agreement; receipt of all required regulatory, corporate and third-party approvals; approval of the shareholders of MeetAmi; completion of satisfactory results from due diligence investigations; completion of the private placement; completion of the consolidation and name change; and other customary closing conditions.