EZTicket Live, Inc. signed an agreement to acquire Mondial Ventures, Inc. (OTCPK:MNVN) in a reverse merger transaction on June 11, 2015. Pursuant to the agreement, EZTicket Live, Inc. will receive an amount of shares equal to approximately 75% of the issued and outstanding shares of Mondial Ventures post reverse split. The new Board shall include Kevin Jones, as Chief Executive Officer and President and Chairman of the Board, Mitch Ives as Secretary/Treasurer, Richard Jones as Vice President of Technology, and Louie Krutsch as Vice President of Sales and Management, and thereafter, the existing current Directors shall resign.

The deal is subject to financing agreement, required approvals and reverse stock split, EZTicket shall furnish audited financial statements at the closing for at minimum the previous two years, consolidation of outstanding debt, the filing of all required annual and quarterly filings, and payment of certain debts of Mondial Ventures. The closing will occur no later than July 15, 2015. On July 15, 2015, the expected closing date has been extended to September 30, 2015.

The Boards of Directors of EZTicket Live, Inc. and Mondial Ventures have approved the deal. The shareholders of EZTicket Live, Inc. have also approved the transaction. As announced on October 6, 2015, the termination date of the transaction was extended to November 30, 2015.

As of December 7, 2015, the closing date of the transaction was extended to January 30, 2016. As of February 19, 2016, the closing date of the transaction was extended to April 30, 2016.