Opal Energy Corp. has entered into a letter of intent (the "LOI") with Versus LLC (Versus) to acquire all of the issued and outstanding securities of Versus (the "Transaction").

Versus, a Nevada corporation headquartered in Los Angeles, has developed state-of-the art video game and e-sports tournament software that allows video game publisher-developers to offer prize-based tournaments of their games. Upon completion of the Transaction, Versus CEO Matthew Pierce will become CEO of the new, merged company, with key Versus management elevated to positions within the new entity to further the development and operation of the business.

Tags: Opal Energy Corp., Versus LLC