Hire Technologies Inc. (TSXV:HIRE) agreed to acquire Leaders and Co., Consulting in Governance and Leadership Inc. for CAD 6.6 million on August 5, 2021. The purchase price for the acquisition is payable as to CAD 4.4 million in cash, 3,559,871 common shares of Hire Technologies at a deemed price of CAD 0.309 per share and CAD 1.0 million in an earn-out payable over three years in cash subject to meeting prescribed financial thresholds. The consideration shares will be subject to a 24 month lock-up agreement following the closing of this transaction. HIRE is also excited to announce that it has entered into a definitive agreement with FirePower Capital for a CAD 5.0 million non-revolving term loan facility. Pursuant to the terms of the definitive agreement, the disbursement of CAD 3.0 million will be made to finance the Acquisition. HIRE concurrently announces a non-brokered private placement to directly support the Acquisition in an amount of up to CAD 3.0 million. The balance of the Loan may be drawn in two CAD 1.0 million increments for future acquisitions. For the fiscal year ending January 31, 2021, Leaders recorded CAD 3.9 million in Revenue and CAD 1.0 million in EBITDA. For the trailing twelve months ending March 31, 2021 EBITDA was CAD 1.3 million. The entire leadership team of Leaders, Richard Joly, Cynthia Labonté, Laurie Sterritt, Yanouk Poirier and Philippe Burton, will be continuing in the business following the Acquisition. Closing of the Acquisition is subject to customary closing conditions including receipt of any necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange, and the closing of the Loan and Concurrent Financing.