Pioneer Media Holdings Inc - Vancouver, Canada-based e-sports and mobile games investment company - Signs letter of intent to acquire NGMI Labs Inc through the issue of 4.0 million shares in Pioneer Media.
The acquisition is expected to advance Pioneer's investments in web3 and businesses in the non-fungible token sector.
An NFT is a unique digital certificate, registered in a blockchain which is used to record the ownership of an asset such as an artwork or a collectible.
Current stock price: 101.50 pence
Year-to-date change: up sharply from 47.5p since June 1
By Dayo Laniyan; dayolaniyan@alliancenews.com
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