Pioneer Media Holdings Inc. (CNSX:PNER) entered into a non binding letter of intent to acquire NGMI Labs Inc for CAD 7.2 million on November 25, 2021. Under the Acquisition, Pioneer will acquire 100% of the outstanding shares of NGMI for a total consideration of 4 million common shares of Pioneer. Jess Sloss, Gregg Peacock and Matthew Shaw will continue to provide their services and expertise to Pioneer and NGMI following completion of the Acquisition and Matthew Shaw will be appointed to Pioneer's board of Directors. Completion of the Acquisition is subject to standard conditions, including but not limited to the formalization of the Acquisition under a share purchase agreement and the prior receipt of all requisite regulatory approvals, including the approval of the Canadian Securities Exchange (the “CSE”).

Pioneer Media Holdings Inc. (CNSX:PNER) completed the acquisition of NGMI Labs Inc on January 5, 2022. The issued shares are subject to a four month hold period expiring April 30, 2022. Additionally, the Pioneer shares issued will be subject to “lock up” restrictions, with 25% of such shares being freed from such “lock up” restrictions every six months commencing June 29, 2022.