TORONTO, ON, Dec 31, 2021 - (ACN Newswire) - DIGIMAX GLOBAL INC. (the "Company" or "DigiMax") (CSE:DIGI) is excited to announce it is launching an ESG Solutions Division within the Company. This Division will concentrate on using Artificial Intelligence and Predictive Analytics to close multiple gaps in the ESG (Environmental, Social and Governance) investment space that will help investors make better investment decisions and also help developers lower their cost of capital.

DigiMax has identified opportunities to immediately provide these solutions to:

1) Green energy development and operations;

2) Tracking and predicting carbon credit arbitrage and trading opportunities around the globe; and

3) Monitoring and evaluating ESG opportunities and trends on behalf of large investors to analyze appropriate investment opportunities.

As a first step in launching this new Division, DigiMax is investing US$250,000 into MADA Analytics ("MADA") by way of an unsecured, convertible note (the "Note"). The Note provides for interest on the principal amount at the rate of 5% per annum and is convertible into common shares of MADA at a price per share equal to US$5 million divided by the total number of outstanding common shares immediately prior to maturity.

DigiMax is also acquiring the right for up to one year, pursuant to an option agreement with MADA and its shareholders (the "Option Agreement"), to acquire 100% ownership of the outstanding shares of MADA. The Option Agreement specifies certain operational milestones to be achieved by MADA prior to the exercise of the purchase option (the "Milestones"). The Milestones are: i) MADA raising a minimum of US$750,000 pursuant to one or more financings (not including the current DigiMax investment); and ii) MADA entering into customer contracts to generate minimum revenues of EUR1 million during the 2-year term of the contracts, both of which must occur within six (6) months of the Digimax investment.

The purchase price (the "Purchase Price") under the Option Agreement shall be either: i) an enterprise value of $5 million once the Milestones are achieved; or ii) otherwise, not less than 80% of the valuation reached by an independent valuator or valuators selected by MADA and the Company. It is anticipated that consideration for the purchase will be comprised of approximately 25% cash and the balance in common shares issued by the company priced at the time the purchase is to be completed.

A Share Purchase Agreement is intended to be completed and attached to the Option Agreement within 45 days and shall contain customary terms and provisions, including, completion of due diligence and the receipt of all necessary third party and Exchange approvals. While the parties are equally motivated to see the Option Agreement exercised as quickly as possible, there can be no absolute assurance that the MADA acquisition will be completed exactly as described, or at all.

MADA was created in 2018 in order to provide a smoother way for renewable energy projects to get funded faster and at a lower cost of capital than ever before available. MADA accomplishes this through its MADA Energy Processing Solution or "MEPS."

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