Damon Capital Corp. announced that it has entered into an arrangement agreement with eSight Corporation with respect to a proposed business combination intended to constitute Damon's qualifying transaction. The Transaction will be structured as a three-cornered amalgamation by way of plan of arrangement under the provisions of the Canada Business Corporations Act.

Upon completion of the Transaction, it is currently proposed that the directors and officers of combined entity will be as follows: Abe Schwartz – Chairman and Director (Thornhill, Ontario) - Abe Schwartz is the founder and president of Schwartz Technologies Corporation. Dr. Brian Mech – Chief Executive Officer, President, and Director (Santa Clarita, California) Dr. Brian Mech joined eSight in April 2015 after a 16-year tenure with Second Sight Medical Products Inc., including the last 7 as Vice President of Business Development. Stephen Gledhill – Chief Financial Officer (Aurora, Ontario) - Stephen Gledhill is a founding member and Managing Director and CFO of RG Management Services Inc. (RGMS), an accounting, administrative and corporate secretarial services company.

William McPhee – Director (Ormond Beach, Florida) – William McPhee was an active investor in, director and strategic advisor to eSight from November 2011 through April 2014 when he was appointed to be the Interim President and CEO of eSight, a role he held through June 2015. Hon. Elinor Caplan – Director (Huntsville, Ontario) – Elinor Caplan has been the Chief Executive Officer at Canada Strategies Inc. since 2004.

Ms. Caplan business career began in 1972 as President of Elinor Caplan & Associates, a real estate title searching and conveyance firm. Sam Ifergan – Director (Toronto, Ontario) – Sam Ifergan is the President and CEO of iGan Partners. Major General (Ret) Gale S. Pollock – Director (Gettysburg, Pennsylvania) – Gale Pollock has been the owner of Pollock Associates, LLC since 2010.

Lloyd Segal – Director (Montreal, Quebec) - Mr. Segal joined Persistence Capital Partners (PCP) in 2010 after a career as a successful healthcare entrepreneur and corporate leader. He is responsible for all aspects of PCP's investments from sourcing, evaluating and executing on investment opportunities to managing existing investments. Bern Johnson – Vice-President of Operations – (Richmond, Ontario) Bern Johnson has been the Director of Operations for eSight since January 2014.

Frank Jones – Chief Technology Officer Vice-President Engineering – (Carp, Ontario) Frank Jones began his tenure with eSight in February 2010, when he was engaged to evaluate the commercial and technical feasibility of the eSight eyewear based on its first prototype. Robert Hilkes – Vice-President of Clinical and Regulatory Affairs - (Ottawa, Ontario) As eSight's first employee in 2007, Robert Hilkes was responsible for growing the early organization, raising seed capital, and working with designers and strategic partners to create the initial proof-of-concept and prototype eSight Eyewear. Taylor West – Vice-President of Advocacy and Outreach - (Toronto, Ontario) Taylor West joined eSight in April 2014 after serving as Manager of Product Strategy and Communications at Think Research Group.