eQube Gaming Limited (TSXV:EQG) entered into non-binding letters of intent to acquire Teknobingo Scandinavia AS from Terje Olsen for CAD 5.68 million on April 14, 2015. The consideration payable is CAD 1.06 million in cash, CAD 0.36 million in eQube shares and CAD 4.26 million in earn out. Post transaction, Terje Olsen will become consultant in eQube. The transaction is subject to due diligence, completion of definitive agreements as well as receipt of all necessary regulatory and third party approvals, including approval of the TSX Venture Exchange. As on November 19, 2015, eQube Gaming Limited announced extension of non-binding letter of intent for the transaction.

eQube Gaming Limited (TSXV:EQG) cancelled the acquisition of Teknobingo Scandinavia AS from Terje Olsen on February 17, 2016. The parties have entered into software licensing agreement and will not move forward with letter of intent for acquisition.