Niketo Co Limited. made an offer to acquire 23.8% stake in Look Communications Inc. (TSXV:LOK.H) for CAD 4.2 million in cash on January 8, 2013. Niketo Co Limited.

will acquire 33.3 million shares of Look Communications at an offer per share of CAD 0.125. The transaction was resolved by Board of Directors of Niketo Co Limited. The transaction is subject to certain conditions, including a minimum tender condition and the absence of a material adverse change in respect of the affairs of Look.