Paleo Resources Announces Transaction With Field Genie, Inc. CALGARY, Alberta, April 01, 2021 (GLOBE NEWSWIRE) — Paleo Resources, Inc. (“Paleo” or the “Corporation”) (TSX-V: PRE, OTCQB: PRIEF) announces that it has entered into a Common Stock Purchase and License Agreement with Field Genie, Inc. Field Genie, Inc. is a technology service provider that uses advanced artificial intelligence techniques to deliver solutions using spatial/geo intelligence and computer vision, including real-time detection and recognition of objects and patterns. Material terms of the agreement are as follows: (a)
Field Genie, Inc. to provide Paleo (and its subsidiaries as directed by Paleo) technology development services during the 12 month term of the Agreement, with a focus on further development and build out of the digital investment platform of Energy Funders Resources, Paleo’s indirect wholly owned subsidiary.