FogChain Announces Termination of Letter of Intent With Loop Media Inc.

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FogChain Corp. (“FogChain” or the “Company”) FogChain announces the termination of its non-binding letter of intent dated July 25, 2019 with Loop Media, Inc. (“Loop Media”), effective October 23, 2019. As previously disclosed in FogChain’s press release dated July 29, 2019, FogChain and Loop Media intended to completed a merger which would have constituted a reverse takeover of the Company by Loop Media pursuant to the listing rules of the Canadian Securities Exchange (the “CSE”).