IMImobile Canada Inc. signed a share purchase agreement to acquire Impact Mobile, Inc. from Dealnet Capital Corp. (TSXV:DLS) for CAD 27.5 Million on July 3, 2018. Initial cash consideration of CAD 25 million payable in full on completion, and deferred cash consideration of CAD 2.5 million payable in full six months after completion. The Acquisition will be funded from the existing cash resources and a committed CAD 17.34 million term loan facility from Silicon Valley Bank. During year ended December 31, 2017, Impact Mobile reported a turnover of CAD 10.6 million, gross profit of CAD 7.6 million and adjusted EBITDA of CAD 4.0 million. The transaction is subject to TSXV approval, resignation of Impact Mobile directors and officers and execution of escrow agreement. The transaction is expected to close within ten days. The Acquisition is expected to be immediately significantly earnings. Henry Reast and Andrew Pinder of Investec Bank Plc acted as financial Advisor for Impact Mobile, Inc. Ranald McGregor-Smith and Francis North of Whitman Howard acted as broker in the transaction. Dealnet Capital paid CAD 0.825 million as advisor fee. Origin Merchant Partners acted as financial advisor to Dealnet Capital Corp. Evan Marcus, Jon Lin, Carly Ferrier, Alethea Au, David Elder, Jonathan Auerbach, Allyson Marta and Khalfan Khalfan of Stikeman Elliot acted as legal advisor to IMImobile PLC. IMImobile Canada Inc. completed the acquisition of Impact Mobile, Inc. from Dealnet Capital Corp. (TSXV:DLS) on July 6, 2018. The net proceeds from the sale of Impact Mobile, after retiring the senior secured debentures and the Series A Preferred Shares, will be used to fund the growth of Dealnet's consumer finance business. This transaction adds capacity and flexibility to Dealnet's balance sheet, improves management's ability to focus on core business and puts Dealnet back in a position of strength to accelerate the growth of consumer finance business and achieve profitability by the end of 2018.