March 23 (Reuters) - Mogo Inc MOGO.TO :
* MOGO TO ENTER $4+ TRILLION CANADIAN WEALTH MANAGEMENT INDUSTRY WITH ACQUISITION OF LEADING SAVING AND INVESTING APP, MOKA FINANCIAL TECHNOLOGIES INC.
* MOGO INC (BRITISH COLUMBIA) - ENTERED INTO A BINDING LETTER OF INTENT TO ACQUIRE 100% OF MOKA FINANCIAL TECHNOLOGIES INC. IN AN ALL-STOCK TRANSACTION
* MOGO INC (BRITISH COLUMBIA) - AFTER COMPLETION OF DEAL, PHILIP BARRAR, FOUNDER & CEO OF MOKA, WILL JOIN CO'S TEAM AS CHIEF INNOVATION OFFICER
* MOGO INC (BRITISH COLUMBIA) - LIAM CHEUNG, CHAIRMAN OF MOKA AND PARTNER AT MOKA SHAREHOLDER TACTICO, IS EXPECTED TO JOIN MOGO'S BOARD OF DIRECTORS
* MOGO INC (BRITISH COLUMBIA) - TO ACQUIRE ALL SHARES OF MOKA IN EXCHANGE FOR 5 MILLION COMMON SHARES OF CO & ASSUMPTION OF NET DEBT OF ABOUT $3.0 MILLION