An unknown buyer entered in to a share purchase agreement to acquire an additional 5.5% minority stake in Quorum Information Technologies Inc. (TSXV:QIS) for CAD 2.5 million on June 5, 2023. Buyer acquired 4,049,042 Quorum Shares for consideration of CAD 0.62 per share. Post transaction, buyer owns 6,618,500 Quorum Shares, representing approximately 9% of issued and outstanding Quorum Shares. Following the completion of the Acquisition, the Acquiror beneficially owns 10,667,542 Quorum Shares, representing approximately 14.6% of issued and outstanding Quorum Shares.

An unknown buyer completed the acquisition of an additional 5.5% minority stake in Quorum Information Technologies Inc. (TSXV:QIS) on June 5, 2023.