Magnetic North Acquisition Corp. (TSXV:MNC) entered into a purchase agreement to acquire Intergild Advanced Recycling Technologies for CAD 4 million on August 24, 2020. As part of the agreement, Magnetic North will issue 0.4 million Series A Preferred Shares of the Magnetic North at a price of CAD 10 per share in consideration of all issued and outstanding shares of Intergild. The transaction is resulting in Intergild becoming a wholly owned subsidiary of Magnetic North. Post acquisition, Magnetic North intends to merge Intergild into the Magnetic North previously announced and closed investment in CXTL Recycling Canada Corp. to augment CXTL’s e-waste recycling solution.