VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) — Looking Glass Labs Ltd. (“LGL” or the “Company”) (NEO: NFTX) (OTC: LGSLF) (FRA: H1N) is pleased to announce that further to the new release dated February 6, 2024, it has closed the definitive agreement (the “Purchase Agreement“), to acquire the climate and artificial intelligence (AI) web3 assets (the “Purchased Assets“) from Bot Media Corp. (the “Vendor“). Pursuant to the Purchase Agreement, the Company has issued an aggregate of 3,060,000 common shares at a deemed price of $0.25 per common share to the Vendor in full satisfaction of the purchase price of $765,000.
The securities issued pursuant to the Purchase Agreement have a statutory hold period in accordance with applicable securities laws which will expire on June 9, 2024. No finder’s fees were paid on the Purchase Agreement.
ABOUT LOOKING GLASS LABS
Based in Vancouver, British Columbia, Looking Glass Labs (“LGL“) specializes in consumer engagement applications that exploit immersive metaverse environments, gamification, and Web 3.0/blockchain monetization strategies.
For further information, please contact:
James Henning, Director
Toll-Free: +1 833 LGL-NFTX (833-545-6389)
Email: info@lgl.io
Forward-Looking Information
This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things: the acquisition of carbon.bot and climate.bot and the Company’s goal to become the leading digital studio focusing on Web 3.0/blockchain monetization strategies.
The material assumptions supporting these forward-looking statements include, among others, that: the Company could mitigate the risks associated with the blockchain and NFT industry; the ability …