1280673 B.C. Ltd. (" SAK1 " or the " Company ") is pleased to announce that the Company has filed its preliminary non-offering prospectus dated May 4, 2022 (the " Prospectus") with the British Columbia Securities Commission (the " BCSC ") and the Alberta Securities Commission (the " ASC " and together with the BCSC, the " Commissions ").

The Prospectus is filed in accordance with the provisions of the National Instrument 41-101 - General Prospectus Requirements to qualify the distribution of the Company's common shares (the " Common Shares ") issuable upon the exercise or deemed exercise of the issued and outstanding special warrants of the Company, in Canada . No securities are being sold pursuant to the Prospectus and no proceeds are being raised concurrent with the filing.

The Prospectus is being filed in connection with the proposed acquisition (the " Acquisition ") by the Company of GoGallop Studios Pty Ltd. (" GoGallop "), an Australian-based equestrian game developer. GoGallop will become a wholly-owned subsidiary of the Company following the completion of the Acquisition (the " Resulting Issuer "). In consideration for the Acquisition, the Company will issue Common Shares to the shareholders of GoGallop at an exchange ratio of 1:1. A copy of the Prospectus is available under the Company's SEDAR profile .

For the past few months, GoGallop has been working closely with UpCapital Investment Corp . on a strategic go-public plan. From this collaboration, the Company was then purpose-built to allow GoGallop's continued operations with a high degree of focus on its business while the Company engages in bringing pre-public and post-public capital market support.

Upon the issuance of a receipt for the filing of the Prospectus, the Company intends to apply to list the common shares of the Resulting Issuer on the Canadian Securities Exchange (the " CSE " or the " Exchange ").

The closing of the Acquisition and the listing is subject to a number of conditions precedent, including (i) completion of due diligence; (ii) the receipt of all requisite regulatory, stock exchange, or governmental authorizations, approvals and consents, including review and approval of the Commissions and the Exchange; and (iii) such other conditions and obligations that are customary for a transaction of this nature.

The anticipated closing date of the Acquisition is Q2 2022, or such other date as otherwise determined by GoGallop and the Company.

About 1280673 B .C. Ltd. (SAK1)

1280673 B .C. Ltd. is a private company incorporated in Vancouver, British Columbia . The Company does not own any assets, other than cash or cash equivalents and its rights under the Definitive Agreement. The Company was formed with the intention to identify and evaluate opportunities for the acquisition of an interest in a suitable business and, once identified and evaluated, to negotiate an acquisition subject to applicable corporate and securities laws, so as to complete a transaction.

About GoGallop Studios Pty Ltd.

GoGallop, headquartered in Melbourne, Australia , is a leading game publisher, bringing e-Sports excellence to the global stage. GoGallop's premiere game, " FEI Equestriad World Tour " (FEWT) has garnered over 3.3 million downloads worldwide on the Apple App Store and Google Play Store , featuring 15 of the world's top eventing riders and over 45 world-class horses to collect. The officially licensed FEI game is free-to-play. Players can select, care for, train and learn to manage their own stable of three-day eventing champion horses, as well as compete to become a world champion in 5-star licensed events in Badminton, Burghley, Kentucky , Maryland , and Adelaide . Having achieved tremendous download growth in the last year, GoGallop is expecting to continue the momentum with the release of future games. The GoGallop team has collective experience in the gaming industry, business development, international distribution management, programming, and publishing across USA , Europe , and Asia-Pacific regions.

About UpCapital Investments Corp.

UpCapital is a business advisory firm that provides a clear path to the public markets for innovative startups, hypergrowth companies, and enterprises in sectors including cleantech, CPG, an AI. Founder focused and entrepreneur-friendly, UpCapital curates and supports on corporate structure, financial advisory, go-to-market, and exit strategies.

Forward-Looking Information

This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, "proposes", "anticipates", "expects", "is expected", "intends", "believes", or variations of such words and phrases or state that certain actions, events or results "may" or "will" be taken, occur or be achieved. Forward-looking statements include those relating to the completion of the Acquisition, the listing of the common shares of the Resulting Issuer on the CSE, the final approval of the listing application and the Acquisition by the Commissions and the CSE, the anticipated closing date of the Acquisition, and the release of future games by GoGallop.

Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, including assumptions related to the ability of both companies to successfully complete all the conditions precedent under the share exchange agreement and receiving all necessary regulatory and shareholder approvals (as necessary). Actual results, performance or achievement could differ materially from that expressed in, or implied by, any forward-looking statements in this press release, and, accordingly, undue reliance should not be placed on any such forward-looking statements, and they are not guarantees of future results. Neither the Company nor GoGallop can give any assurances that its listing application will be successful or that, if it is successful, that any material increase in liquidity will result. Forward-looking statements involve significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements. Such risk factors include: general market and economic risks, management of GoGallop executing its business strategy, the receipt of all necessary approvals, and no unexpected changes in the regulatory environment in which GoGallop operates in. Except as required by law, neither the Company nor GoGallop undertakes any obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

No securities regulator or exchange has reviewed, approved, disapproved, or accepts responsibility for the content of this news release.

Cision View original content:

SOURCE UpCapital Investments Corp.

Cision View original content:

News Provided by Canada Newswire via QuoteMedia

East Side Games

The Office: Somehow We Manage Mobile Game Available Now

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.

Watch the launch trailer here .

Keep reading... Show less

FanDuel's Amy Howe to participate in keynote fireside chat at SBC Summit North America

----- Howe to be interviewed by CNBC host Contessa Brewer ----

Amy Howe the CEO of FanDuel, will discuss the current state of play and her vision for the future of mobile gaming during a special keynote session at July's SBC Summit North America 2022 conference and tradeshow. FanDuel Group is the largest mobile gaming operator in North America across mobile sportsbook, casino, racing and daily fantasy sports platforms.

Keep reading... Show less

Wemade Connect Officially Launching Mobile P&E Game 'EVERY FARM'

'Every Farm' featuring diverse entertaining elements through farm management and social activities and an independent token system for actual profits

Delivering joy of P&E through actual economic environment and independent token system simulating business management involving production, sales strategy, etc.

Keep reading... Show less

Saintilway Productions Releases Numbrail, an Analytical Puzzle

A fun, thoughtful, and challenging game to sparkle interest in the field of computer science.

Saintilway Productions, the publisher of Numbrail.

Keep reading... Show less

Antonline to Attend and Participate in 2022 MomoCon Convention

Gaming community to connect with Antonline and influencer Tygarlily in-person at leading animation, anime, gaming, and comic convention in Atlanta

Antonline America's premier online reseller of cutting-edge computer technology and consumer electronics, today announced that it is attending and participating in the 2022 MomoCon Convention in Atlanta, GA from May 26-29 .

Keep reading... Show less

TECNO's Electrifyingly Stylish POVA 3: A Stunning Player That Delivers the Ultimate Gaming Experience for Unlimited Fun

The stylish new addition to the existing POVA series will feature a combination of hardware and software enhancements aimed at redefining the mobile gaming experience.

- TECNO, the innovative global smartphone brand, released the POVA 3 today, representing TECNO's latest phone in its popular POVA series. Bringing together all of the series' innovative features, groundbreaking hardware and software enhancements, a stylish design language featuring electrifying color options with a unique power light, and massive 7000mAh battery, the POVA 3 delivers the ultimate gaming experience right to your fingertips.

Keep reading... Show less

B. Riley Principal 150 Merger Corp. Announces Record Date for Stockholders Entitled to Vote on Merger in Connection with its Proposed Business Combination with FaZe Clan

- B. Riley Principal 150 Merger Corp. (NASDAQ: BRPM), a publicly traded special purpose acquisition company ("BRPM") today announced that its board of directors has set the close of business on May 26, 2022 as the record date (the "Record Date") for BRPM's special meeting of its stockholders to be held to, among other things, vote on the proposed business combination (the "Business Combination") among BRPM, FaZe Clan Inc. ("FaZe Clan"), a gaming lifestyle and esports company, and BRPM Merger Sub, Inc. Stockholders of record as of the close of business on the record date will be entitled to vote their shares at the special meeting.

A proxy statement/prospectus relating to this special meeting, as well as the registration statement of BRPM of which it forms a part (the "Registration Statement"), has not been declared effective. Once effective, the proxy statement/prospectus will be mailed together with a proxy card to BRPM's stockholders and will include the date, time and location of the special meeting.

Keep reading... Show less

Latest Press Releases

Related News