Golden Opportunities Fund Inc., a fund managed by Westcap Management Ltd. along with management of Paradigm Consulting Group Inc. signed a letter of intent to acquire Paradigm Consulting Group Inc. from Smart Employee Benefits Inc. (TSXV:SEB) on September 18, 2018. The purchase price includes a cash amount and cancellation of CAD 3 million of Paradigm preferred shares owned by Golden, which are convertible into SEB common shares, and a working capital adjustment. The acquirer will be Golden in conjunction with Paradigm’s senior management. The acquirer will be Golden in conjunction with Paradigm’s senior management. The transaction is subject to final due diligence and regulatory and board approval. The transaction is expected to close by November 30, 2018. The cash proceeds from the sale will be used to repay debt of approximately CAD 8 million and reduce revolving credit facilities. Golden Opportunities Fund Inc., a fund managed by Westcap Management Ltd. along with management of Paradigm Consulting Group Inc. cancelled the acquisition of Paradigm Consulting Group Inc. from Smart Employee Benefits Inc. (TSXV:SEB) on January 14, 2019. As of January 14, 2019, the letter of Intent was amended. Under the amended terms of the letter of intent, Smart Employee Benefits will sell 75% of Paradigm Consulting Group Inc. assets. Golden Opportunities Fund Inc., fund managed by Westcap Management Ltd. will acquire 57% and Paradigm management will acquire 18% of Paradigm Consulting Group Inc. assets from Smart Employee Benefits Inc.