Esstra Industries Inc.: Esstra Industries Announces Letter of Intent to Acquire ExSorbtion Inc. Esstra Industries Inc. (
Esstra or the Company ) announces that it has entered into a non-binding letter of intent as of December 11, 2020 (the
LOI ) which contemplates an arm s length acquisition of ExSorbtion Inc.
(
ExSorbtion ). The acquisition, which is subject to signing of a definitive agreement (the
Definitive Agreement ), will result in the Company acquiring 100% of the issued and outstanding common shares of ExSorbtion by way of Reverse Take-Over or Change of Business (the
Transaction ). The Company currently owns 5% of ExSorbtion. No finder s fee will be payable in connection with the Transaction.