ProSmart Enterprises Inc. (TSXV:PROS) entered into a binding agreement to acquire DL Hockey Consulting (Shenzhen) Limited and DL Hockey Consulting Limited from Doug Lynch for $0.09 million on February 27, 2018. The consideration will be paid in stock of ProSmart Enterprises Inc. The shares will be held in escrow or in a pooling agreement and will be released in equal quarterly installments over the 36 months following closing of the acquisition. The first installment will be released at Closing. ProSmart Enterprises Inc. will retain the DL Hockey school brand and run hockey development programs under this banner. Upon completion of the acquisitions, Doug Lynch will join ProSmart Enterprises Inc. as Vice President of business development in China. The transaction is subject to approval of TSX Venture Exchange and approval of Board of Directors of ProSmart Enterprises Inc. The transaction is expected to be completed on March 15, 2018. ProSmart Enterprises Inc. (TSXV:PROS) completed the acquisition of DL Hockey Consulting (Shenzhen) Limited and DL Hockey Consulting Limited on June 6, 2018.