Versus Systems Inc (VS)

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Versus Systems Completes Share Exchange with Animoca Brands under Mutual Investment Agreement

Mutual Investment to Drive In-Game Rewards Development in China, US Markets[/I]

Vancouver, British Columbia, April 20, 2020 - Versus Systems Inc. ("Versus" or the “Company”) (CSE: VS) (OTCQB: VRSSF) (FRANKFURT: BMVA) is pleased to announce that it has completed a mutual investment agreement with Animoca Brands Corporation Limited (ASX: AB1, “Animoca Brands) (the “Agreement”) which was previously announced on August 15, 2019. The goal of the Agreement is to create greater alignment between the two companies as they work to bring rewards to the millions of active players playing Animoca games – and to grow both programs further into the $35.5B1 annual US gaming market and the $36.5B1 annual Chinese gaming market.

Pursuant to the Agreement, Animoca Brands will issue 4,327,431 AB1 shares to Versus and Versus will issue 3,036,739 Versus shares to Animoca Brands, each issuance being equal in value to USD $500,000. Pricing of the Versus shares issued to Animoca Brands is based on the higher of CAD $0.23 and the 21-day volume weighted average price (VWAP) of Versus shares on the approval date. Pricing of the Animoca Brands shares issued to Versus is based on the higher of AU $0.18 and the 21-day volume weighted average price of AB1 shares on the approval date......



Versus Systems Completes Share Exchange with Animoca