On June 11, 2014, Strategic Internet Investments Inc. informed G7 Entertainment Ltd. that they would no longer be pursuing the formation of a joint venture as outlined in the letter of intent (LOI) originally signed on August 18, 2012 and filed on EDGAR on August 23, 2012, due to poor market conditions and lack of progress in advancing the project. Accordingly the LOI has been terminated as of the above date.