LottoGopher Holdings Inc. (CNSX:LOTO) entered into a binding agreement to acquire 88% of PlasmaNet, Inc. for $4.3 million on July 12, 2018. Under the terms, LottoGopher will issue 11.6 million shares, an unsecured promissory note in the aggregate principal amount of CAD 1.5 million ($1.96 million) convertible into up to 21.23 million LottoGopher Common Shares at a price of CAD 0.0705 per Common Share, subject to certain restrictions and a promissory note in the aggregate principal amount of $1.76 million secured against the PlasmaNet shares. PlasmaNet generated revenues of $6.3 million in 2017.