UMG Media Ltd. (TSXV:ESPT) ("UMG") entered into an agreement to acquire Victor's Gold for approximately CAD 0.24 million on August 27, 2019. As consideration, UMG will issue 1 million shares of its common stock. The transaction is subject to due diligence and regulatory approval, including the acceptance of the TSX Venture Exchange. Closing is expected in the next 30 days. UMG Media Ltd. cancelled the acquisition of Victor's Gold on August 27, 2020.