Quorum Information Technologies Inc. (TSXV:QIS) entered into a share purchase agreement to acquire Oasis Auto Complete Systems Limited for CAD 1.2 million on January 2, 2019. Under the terms of the agreement, Quorum Information Technologies will pay the consideration consists of CAD 0.49 million in cash, CAD 0.6 million in two year additional compensation earn out provision and issue CAD 0.1 million worth of shares. Debt financing facility of CAD15 million from BDC Capital is used for this acquisition and this Facility is arranged by Brian Whiteway. Scott Savage, Keith Gubler and the Oasis team will remain in place to manage the business of Oasis Auto Complete Systems from London, Ontario. Quorum Information Technologies Inc. (TSXV:QIS) completed the acquisition of Oasis Auto Complete Systems Limited on January 2, 2019.