Engagement Labs Provides Update

Canada NewsWire

NEW BRUNSWICK, N.J. and TORONTO, Nov. 1, 2021

NEW BRUNSWICK, N.J. and TORONTO, Nov. 1, 2021 /CNW/ -- Engagement Labs Inc. (TSXV: EL) (the "Company") announced today that due to unanticipated delays, the proposed completion of its previously announced merger proposal with DGTL Holdings Inc., if approved by shareholders, might not be completed before year-end. The proposed merger is subject to a number of conditions including DGTL satisfying or waiving its financing condition, which expired on October 8, 2021 and which DGTL indicates has delayed its ability to close its financing. This delay in DGTL's year-end financial filing has also postponed EL's completion of its valuation and fairness opinion of the merger, which must be included with any documentation submitted to shareholders to consider approval of the transaction. Once these matters are clarified, EL will issue a further news release.

About Engagement Labs

Engagement Labs (TSXV: EL) is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies.

To learn more visit www.engagementlabs.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For media inquiries please contact:

Vanessa Lontoc / Ed Keller, CEO

Engagement Labs

vanessa.lontoc@engagementlabs.com / ed.keller@engagementlabs.com

SOURCE Engagement Labs

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