Brief: Mogo To Enter $4+ Trillion Canadian Wealth Management Industry

Orion Digital

23/03/2021 11:37

March 23 (Reuters) - Mogo Inc  MOGO.TO :
    * MOGO TO ENTER $4+ TRILLION CANADIAN WEALTH MANAGEMENT
INDUSTRY
WITH ACQUISITION OF LEADING SAVING AND INVESTING APP, MOKA
FINANCIAL TECHNOLOGIES INC.
    * MOGO INC (BRITISH COLUMBIA) - ENTERED INTO A BINDING
LETTER OF
INTENT TO ACQUIRE 100% OF MOKA FINANCIAL TECHNOLOGIES INC. IN AN
ALL-STOCK TRANSACTION
    * MOGO INC (BRITISH COLUMBIA) - AFTER COMPLETION OF DEAL,
PHILIP
BARRAR, FOUNDER & CEO OF MOKA, WILL JOIN CO'S TEAM AS CHIEF
INNOVATION OFFICER
    * MOGO INC (BRITISH COLUMBIA) - LIAM CHEUNG, CHAIRMAN OF
MOKA AND
PARTNER AT MOKA SHAREHOLDER TACTICO, IS EXPECTED TO JOIN MOGO'S
BOARD OF DIRECTORS
    * MOGO INC (BRITISH COLUMBIA) - TO ACQUIRE ALL SHARES OF
MOKA IN
EXCHANGE FOR 5 MILLION COMMON SHARES OF CO & ASSUMPTION OF NET
DEBT OF ABOUT $3.0 MILLION

Source text for Eikon:  ID:nBw3TT69ga 
Further company coverage:  MOGO.TO 

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