ImagineAR Enters into Binding Letter of Intent with 4Front Development from New York City to Acquire Minority Share of FameDays
VANCOUVER, BC, June 26, 2023 /PRNewswire/ - ImagineAR (CSE: IP) (OTCQB: IPNFF) an Augmented Reality company that enables sports teams, brands and businesses to instantly create their own immersive AR experiences, announced today its wholly-owned subsidiary, FameDays, has been selected by 4Front Development ("4Front") to be the Technology Project Lead for the newly planned Immersive Entertainment Center within a Tourist and Residential Complex in a southern state of the United States (the "Project"). Additionally, ImagineAR has signed a binding Letter of Intent (the "LOI") with 4Front pursuant to which 4Front will acquire a minority share interest in FameDays Inc. (the "Transaction").
Read more at prnewswire.com