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Paleo Resources Announces Receipt of Debenture Repurchase Notices and Proposed Shares for Debt Transaction

Paleo Resources Announces Receipt of Debenture Repurchase Notices and Proposed Shares for Debt Transaction
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Paleo Resources Announces Transaction With Field Genie, Inc.


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. ....

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