iLOOKABOUT Corp. (TSXV:ILA) enter into an agreement to acquire Assets of Starcap Marketing, LLC on August 28, 2020. iLOOKABOUT Corp. (TSXV:ILA) enter into an agreement to acquire Assets of Starcap Marketing, LLC for $5.6 million on September 16, 2020. The consideration will be paid in cash. iLOOKABOUT Corp. made an private placement of approximately $4 million to fund this transaction. As of September 10, 2020 iLOOKABOUT Corp aggregate gross proceeds of up to $8 million. The net proceeds of the private placement will be used by iLOOKABOUT to fund the cash consideration due on closing of this acquisition, strategic initiatives and other general corporate purposes. Consideration for the transaction will be in the form of $4.8 million cash due on closing of the transaction, $0.4 million due on the first anniversary of the closing as an indemnity holdback, and $0.4 million of ILA stock to be calculated using a defined value of $0.11 and subject to any required pricing adjustments. Apex Software team will join iLOOKABOUT team. The transaction is subject to a number of conditions precedent, including, but not limited to execution of a definitive agreement, board of directors, regulatory and third party approvals, financing, approval of the TSXV and the satisfactory completion of due diligence by iLOOKABOUT. The transaction is expected to close on or about September 5, 2020. As of September 16, 2020 transaction is expected to close on or about September 21, 2020.