ADRABBIT LIMITED ANNOUNCES PROPOSED REVERSE TAKEOVER TRANSACTION WITH PLAYUP LIMITED

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VANCOUVER, BC, March 13, 2024 /CNW/ - AdRabbit Limited ("AdRabbit" or the "Company") (TSXV:RABI.VN) is pleased to announce it has entered into a non-binding term sheet dated March 6, 2024 to acquire the PlayUp Assets (as defined herein) from PlayUp Limited ("PlayUp"), an unlisted public Australian corporation (the "Proposed Transaction"). The Proposed Transaction will constitute a reverse take-over under TSX Venture Exchange (the "Exchange") polices and is an Arm's Length Transaction as defined under the policies of the Exchange. Following the completion of the Proposed Transaction, AdRabbit (the "Resulting Issuer") will operate the PlayUp Assets and will be listed on the Exchange under the technology industry sector. All currency figures quoted herein are in Canadian dollars unless stated otherwise.