VANCOUVER, BC, Oct. 26, 2020 /CNW/ - LEAF Mobile Inc. (TSXV:
LEAF)("LEAF" or the "Company") provides the following
update regarding its proposed acquisition of East Side Games (the
"Acquisition"), previously announced on October 7, 2020.
Resulting Issuer Board and Executives
Upon completion of the Acquisition, it is intended that
Darcy Taylor will remain as CEO,
Mark Leung will remain as CFO, and
Brian Wideen will remain as VP
Finance of LEAF. As previously announced, Jason Bailey, founder of East Side Games, will
be appointed as Chief Revenue Officer of LEAF.
Further to our previous announcement, it is now intended that
the directors of the Resulting Issuer will be as follows:
Jason Bailey
Jason is a founder of East Side Games, Canada's leading independent gaming
studio. Jason is considered one of Canada's most experienced gaming
entrepreneurs. Prior to East Side Games, Jason was a founder
of Super Rewards, which he sold in 2009. Super Rewards was a
social game monetization platform which helped pioneer the free to
play game model that is ubiquitous today. Over the last 20
years he has been mentor to and investor in a variety of Canadian
startups and technology companies.
Mike Edwards
Mike has a wealth of experience in building and scaling consumer
technology companies in private and public markets, including as an
investor in Punch'd (acquired by Google), Wander (later acquired by
Yahoo), Summify (acquired by Twitter), BlueBat Games (acquired by
Novomatic Group, Retsly (acquired by Zillow) and Password Box
(acquired by Intel). Mike co-founded LX Ventures, a publicly
listed consumer internet foundry that acquired and scaled Mobio
Technologies. Mike co-founded Wyley Interactive, a mobile
game engagement platform, which was acquired by Zynga and he
co-founded Creative Labs, a venture capital backed startup foundry
that builds consumer technology companies by leveraging the
Creative Artist Agency's access to talent and audience.
Birgit Troy
Birgit Troy is a Portfolio CFO at
Volaris Group, the largest operating group under Constellation
Software (CSU), one of Canada's
leading technology companies. Over the last 5 years she has
led M&A efforts to acquire and integrate 15 operating companies
into Constellation Software. Prior to Volaris, Birgit
was the CFO of Incognito Software Systems (acquired by Volaris) and
VP Finance of TSO Logic (acquired by Amazon) and Strangeloop
Networks (acquired by Radware).
Derek Lew
Derek Lew has advised, started
and invested in technology companies for over 20 years. An active
member of the technology community in Vancouver, he is President and CEO of venture
capital fund manager GrowthWorks Capital Ltd and Chairman of
BlueStar Capital on the AIM (UK's largest public eSports investor)
and past-Chair of Innovate BC (formerly the British Columbia
Innovation Council), the crown Agency of the Province of
British Columbia mandated to
accelerate technology commercialisation. Derek is a Partner with
Initio Group, a Vancouver, BC
based early-stage angel investment firm.
Jonathan Bixby
Jonathan Bixby is a seasoned
technology entrepreneur in both the private and
public sector. He is the co-founder of a number of
significant companies including, Koho, Canada's largest challenger bank, Guild
Esports PLC (a listed Esports company on the LSE with David Beckham) and Blue Mesa Health (acquired by
the Virgin Pulse). He is a board member of CTO.AI and a
former Chairman of the Board of Argo Blockchain PLC (LSE Listed)
and Darkvision Technologies (acquired by Koch
Industries). He is a strategic advisor to Fastly
(NASDAQ).
Darcy Taylor, CEO said: "We are
delighted to announce the proposed directors moving forward for the
Company. We believe that this proposed board of leading Canadian
entrepreneurs, investors and acquirers positions us very well
moving forward, as we aim to create the largest mobile game company
in Canada."
Completion of the Acquisition is subject to a number of
conditions, including but not limited to TSXV acceptance and
majority of the minority shareholder approval. The Acquisition
cannot close until the required shareholder approval is obtained.
There can be no assurance that the Acquisition will be completed as
proposed or at all.
Investors are cautioned that, except as disclosed in the
management information circular to be prepared in connection with
the Acquisition, any information released or received with respect
to the Acquisition may not be accurate or complete and should not
be relied upon. Trading in the securities of LEAF should be
considered highly speculative.
The TSXV has in no way passed upon the merits of the proposed
Acquisition and has neither approved nor disapproved of the
contents of this news release.
Additional information in connection with the Acquisition and
the financing will be provided in subsequent news releases.
About LEAF
LEAF Mobile Inc. (TSX.V: LEAF) is a leading creator of
counterculture mobile games. Headquartered in Vancouver, with a premier development studio,
LDRLY, based in Nanaimo, British
Columbia, the company is highly skilled in intellectual
property, mobile game development, marketing and publishing. LEAF's
culture is anchored in creativity, data insights and execution,
delivering highly engaging games that produce enduring player
enjoyment. With over a decade of experience in game development and
marketing, LEAF has consistently delivered high-grossing original
and licensed IP titles that include Cheech & Chong Bud Farm, Bud Farm Idle Tycoon,
Bud Farm Grass Roots and
Bud Farm 420. Our game titles
are available worldwide on the App Store and Google Play. LEAF
leverages successes in platform, IP, marketing, development and
data analysis to maximize value for our global network of
constituents, from players to talent to shareholders and
beyond.
For more information and to keep current on LEAF, visit
www.leafmobile.io and join our online communities at Linkedin,
Twitter, Facebook, and Instagram.
ON BEHALF OF THE BOARD
Darcy Taylor
CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Leaf Mobile Inc.