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By The Online Investor Staff, updated Tue., Jun. 18, 6:47 AM

Slide #26. Universal mCloud Corp Fulcrum Automation Technologies and Autopro Automation

Acquirer: Universal mCloud Corp (CVE:MCLD.CA)
Acquiree: Fulcrum Automation Technologies and Autopro Automation
Details: Universal mCloud Corp. (TSX-V: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence ("AI") and analytics, today announced that it has received conditional approval from the TSX Venture Exchange ("TSXV") for the previously announced acquisition of Fulcrum Automation Technologies ("Fulcrum") and Autopro Automation ("Autopro").

Universal mCloud is an exploration stage company. Co. has not yet determined whether the property contain ore reserves that are economically recoverable. The recoverability of amounts shown for exploration and evaluation assets is dependent upon the discovery of economically recoverable reserves, confirmation of Co.'s interest in the underlying mineral claims, the ability of Co. to obtain the necessary financing to complete the development, and upon future profitable production from the properties or realizing proceeds from their disposition.

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Company Name:  Universal mCloud Corp
Sector:  Precious Metals

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June 18, 2019    6:47 AM Eastern
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