Hoist Capital Corp. announced that it has entered into a non-binding Letter of Intent dated September 26, 2018 with The Sky Guys Ltd. for the purposes of completing a Qualifying Transaction as defined in the CPC Policy. The proposed QT will be completed by way of an amalgamation, share sale, asset sale or similar transaction whereby the Corporation and Sky will complete a business combination and shareholders of Sky immediately prior to the QT will acquire a controlling interest in the resulting issuer.

The final structure of the QT is subject to the receipt of tax, corporate and securities law advice for both the Corporation and Sky. Upon completion of the QT, the Resulting Issuer will carry on the business of Sky. The QT is currently expected to proceed by way of a business combination transaction pursuant to which Sky will become a wholly-owned subsidiary of the Corporation.

Upon completion of the QT, in is anticipated that all of the existing directors and officers of the Corporation will resign and the management and the board of directors of the Resulting Issuer will, subject to applicable regulatory and shareholder approvals include the persons identified: Adam Sax ­ President, Chief Executive Officer and Director ­ President & CEO of Sky; Tom Hanson ­ Chief Operating Officer ­ As Chief Operating Officer of Sky; Jeremy Wang ­ Chief Technology Officer ­ Mr. Wang is Chief Technology Officer of Sky; JD Dolan ­ Director ­ Mr. Dolan is co-founder and principal at LDR Investment Group; Ian M. Hull ­ Director - Mr. Hull is Co-Founding Partner, Hull & Hull LLP; Stuart W. Henderson ­ Director; and Don Reid ­ Director.