Leaf Mobile Inc. (TSX: LEAF) (OTC: LEMLF) (" LEAF " or the " Company "), Canada's leading free-to-play mobile game group, announces amendments to the releases of its common shares from escrow, with respect to the escrow agreements (collectively the " Escrow Agreements ") entered into by LEAF with respect to its IPO and Qualifying Transaction due to the graduation of the Company to a Tier 1 Issuer.
As LEAF's common shares are now listed for trading on the TSX, the release schedule will be amended under the Escrow Agreements to comply with the applicable Tier 1 release schedule. Under the Tier 1 release schedule, the remaining 6,523,000 common shares will be released from escrow on October 18, 2021 .
Leaf Mobile Inc. (TSX:LEAF, OTC: LEMLF) is a leading free-to-play mobile game group, creating engaging games that produce enduring player loyalty. Our studio groups entrepreneurial culture is anchored in creativity, execution, and growth through a diverse portfolio of original and licensed IP mobile games that include: Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm , The Goldbergs: Back to the 80s, It's Always Sunny: The Gang Goes Mobile and Trailer Park Boys Grea$y Money , and the soon to be released RuPaul's Drag Race Superstar and The Office: Somehow We Manage .
We are headquartered in Vancouver, Canada and our games are available worldwide on the App Store and Google Play. For further information, please visit: www.leafmobile.io and join our online communities at LinkedIn, Twitter, Facebook, and Instagram.
Forward Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the proposed transactions described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. In particular, the Company cautions that the completion of the proposed transactions cannot be predicted with certainty, and there can be no assurance at this time that all required approvals and consents to effect the proposed transactions will be obtained in the manner noted above or at all. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
SOURCE Leaf Mobile Inc.
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