Gravitas Ilium Corporation (‘GIC’) entered into a letter of intent to acquire Victory Capital Corp. (TSXV:VIC.P) in a reverse merger transaction on July 6, 2018. As per terms, the proposed transaction will be a going public transaction for GIC. The transaction will be superseded by a definitive agreement to be entered into on or before September 7, 2018. Victory is referred as the "Resulting Issuer", post-completion of the transaction. The transaction is subject to requisite regulatory approvals, including the approval of the TSXV, the Ontario Securities Commission, the Investment Industry Regulatory Organization of Canada and other applicable authorities, completion of satisfactory due diligence, completion of a financing resulting in sufficient gross proceeds such that the Resulting Issuer shall satisfy the working capital requirements of the TSXV, execution of a definitive agreement, receipt of approval for the listing of the common shares of the Resulting Issuer, shareholders of GIC approving the transaction and shareholders of Victory approving certain matters ancillary to the transaction. Gravitas Ilium Corporation cancelled the acquisition of Victory Capital Corp. (TSXV:VIC.P) in a reverse merger transaction on November 29, 2018.