Red Rock Capital Corp. (TSXV:RCC.H) (‘Red Rock’) signed a letter of intent to acquire Bitrics Global Media Inc. (‘Bitrics’) for CAD 10.5 million on December 12, 2017. On October 26, 2018, Red Rock signed a definitive amalgamation agreement to acquire Bitrics. Red Rock will issue as consideration 21 million shares of its common stock on a one share for every one share basis. The transaction is subject to consummation of due diligence, definitive agreement, approval of Red Rock and regulatory approval. Red Rock Capital Corp. (TSXV:RCC.H) cancelled the proposed acquisition of Bitrics Global Media Inc. on January 2, 2019.