SQID Acquires 50% of Icon Esports
Melbourne, Australia--(Newsfile Corp. - December 18, 2020) - SQID Technologies Limited (CSE: SQID) ("SQID") is pleased to announce it has entered into a letter of intent ("LOI") to acquire 50% of ICON Esports Pty Ltd. ("ICON"). Pursuant to the LOI, SQID has agreed to invest AUD $2,250,000 for a 50% equity interest (on a fully-diluted basis) in ICON (the "Transaction"). ICON runs The Chiefs Esports platform, a premier Electronic Sports club in Australia, featuring top teams in various...
2020-12-18 7:09 PM EST