Danavation Technologies Inc. entered into an agreement to acquire Wolf's Den Capital Corp. in reverse merger transaction on March 30, 2020. Pursuant to the agreement, Wolf's Den Capital will complete a consolidation of its issued and outstanding common shares on the basis of one post-consolidation common share for every eight outstanding common shares in the capital. Under the terms of the transaction, each of the Danavation shareholders will receive one post-consolidation common share of Wolf's Den Capital in exchange for each share held in the capital of Danavation. Share consolidation has been completed and will reduce the number of outstanding common Shares from 181.3 million to approximately 6 million. Upon completion of the transaction, the resulting company will continue to carry on the business of Danavation. Upon closing of the transaction, the combined company will issue from treasury up to 74.3 million shares to the Danavation shareholders and up to 20 million shares in connection with the concurrent financing. After close of the transaction, the current shareholders of Wolf's Den Capital will hold approximately 19.4% of the outstanding shares, subscribers in the concurrent financing will hold approximately 17.1% of the outstanding shares, and the Danavation shareholders will hold approximately 63.5% of the outstanding shares of the resulting company. As on January 4, 2021, The Board of Directors approved the name change on January 4, 2021. Wolf's Den Capital Corp. has changed its name to Danavation Technologies Corp. on January 6, 2021. In addition, the common shares have been approved for listing on the Canadian Securities Exchange (the “CSE”) under the symbol “DVN”. Upon completion of the transaction the current directors and officers of Wolf's Den Capital will resign. Board of directors and management of the combined company will be comprised of five directors, being John Ricci, the co-founder, President and Chief Executive Officer of Danavation, Frank Borges, the cofounder and Managing Partner of Danavation, Michael Della Fortuna, Tom Loberto and Mark Di Vito. John Ricci will continue as Chief Executive Officer of the combined company. The transaction is subject to a number of closing conditions, including the completion of private placement of up to 17.6 million shares of Danavation, completion of the consolidation of Wolf's Den Capital shares, satisfaction of all conditions necessary to complete the private placement of common shares of Wolf's Den Capital, and that the shares have been conditionally approved for listing on the Canadian Securities Exchange. As on July 30, 2020, private placement has been amended to 16.6 million shares at CAD 0.05 per share for gross proceeds of CAD 0.83 million and upto 6.7 million shares at CAD 0.15 per share for proceeds upto to CAD 1.005 million. In consideration, Danavation shall issue 56.7 million post-consolidation shares and such number of common shares as is equal to shares issued in private placement i.e. 23.3 million for an aggregate of 80 million shares. As on September 29, 2020, Concurrent financing is amended to raise proceeds of CAD 7 million. As on November 30, 2020, Concurrent financing is amended to raise proceeds of CAD 3 million, by issuance of Subscription receipts at a price of CAD 0.25 per receipt. Shares would now be consolidated at one post-consolidation common share for every thirty outstanding common shares in the capital. As on December 10, 2020, Danavation has completed private placement of 16.49 million subscription receipts raising CAD 4.1225 million. The Offering was led by Beacon Securities Limited and Echelon Wealth Partners Inc. on behalf of a syndicate of agents including Haywood Securities Inc. The listing of shares remains subject to satisfaction of all conditions precedent set out in the Share Exchange Agreement as well as the receipt of final approval by the Canadian Securities Exchange and fulfilment of all of the requirements of the Canadian Securities Exchange in order to obtain such approval, including, among other things, submission and acceptance of all documents requested by the Canadian Securities Exchange in its conditional acceptance letter and payment of all outstanding fees to the Canadian Securities Exchange. Danavation Technologies Inc. completed the acquisition of Wolf's Den Capital Corp. in reverse merger transaction on January 8, 2021. Pursuant to the transaction, Wolf’s Den issued an aggregate of 94.1 million shares to former Danavation shareholders, such that upon completion of the transaction the former Danavation Shareholders hold approximately 94% stake in Wolf's Den. In connection with the Transaction, Danavation completed a private placement of subscription receipts on December 10, 2020. Prior to the completion of the transaction, the combined company changed its to its name, “Danavation Technologies Corp.” The board of directors combined company was reconstituted in conjunction with the completion of the transaction such that it now consists of five directors: John Ricci, Frank Borges, Michael Della Fortuna, Tom Loberto and Mark Di Vito. In addition, management of the combined company was reconstituted such that it now consists of John Ricci, President and Chief Executive Officer, Rob Suttie as Chief Financial Officer, and Tom Loberto as Corporate Secretary. The Transaction was subject to a number of approvals, which were obtained, and conditions, which were met, prior to its implementation, including, but not limited to the following: completion of the share consolidation of Wolf's Den Capital, the approval of Danavation's shareholders, completion of the concurrent financing, completion of certain non-brokered private placements by Danavation, the election and appointment of certain directors and officers of Wolf’s Den, all conditions precedent set forth in the agreement, having been satisfied or waived by the appropriate party and the receipt of all necessary corporate, regulatory and third-party approvals and compliance with all applicable regulatory requirements and conditions in connection with the transaction.