Fandom Sports Media Corp. Closes Private Placement for Gross Proceeds of $883,000

FanDom Sports Media Corp. (CSE:FDM) (OTCQB: FDMSF) (FRANKFURT: TQ42) (“FanDom Sports” or the “Company”) is pleased to announce that it has closed its private placement yesterday and raised gross proceeds of $883,000 pursuant to the policies of the Canadian Securities Exchange (the “Exchange” or the “CSE”).  FanDom will issue 17,660,000 Units (the “Units”) at $0.05 per Unit.  Each Unit consists of one common share and one warrant.  Each warrant is exercisable at $0.10 per common share for two years from closing (the “Private Placement”).  Three directors of the Company have subscribed for an aggregate of 3,200,000 Units for proceeds of $160,000. All common shares and warrants issued pursuant to the Private Placement may not be transferred until August 27, 2017.
 
Proceeds of the Private Placement will be for general working capital purposes and accounts payable. An aggregate of 1,680,000 Units will be issued as Finder’s Fees with the same terms as the private placement.
 
About Fandom Sports Media Corp.
FanDom Sports is a comprehensive mobile sports experience, giving the sports fan a front row seat to the hottest debates in sports. All Day, Every Day.
 
The one thing that sports fans love more than watching their favorite sport is arguing about the game and the athletes!
 
With the FanDom Sports App – you fight with your thumbs, not your fists!
 
Fandom Sports Media Corp. is an aggregator, curator and producer of unique fan-focused content offered on a category-specific, social network and delivered through the Fandom Sports Media mobile app. We tap into the passion of fans by providing an engaging social platform for the world’s most enthusiastic sports fans to share, compare, moan, whine, gloat and trash talk about the sports, teams, players, fans and owners they love, hate and love to hate. We’re like that fun guy or girl at the sports bar or Super Bowl party that everyone wants to hang out with.  Our unique approach will blend curated content with user-generated content while providing access to athletes and celebrities both on-line and at local sponsored events. Fun. Friendly. Smart. Entertaining.
 
Follow FanDom Sports on Instagram and Twitter @FandomSportsApp and make sure to like FanDom Sports on Facebook too!
 
To find out more about Fandom Sports, please contact investor relations at 604-346-7613 or visit the Company’s website at www.fandomsportsmedia.com
 
On Behalf of the Company
 
“Blair Naughty”
Blair Naughty, CEO
 
For additional Information:
Fandom Sports Media Corp.
Blair Naughty
Tel: 604-346-7613.
Email: info@fandomsportsmedia.com
 
DISCLAIMER:
The CSE has not reviewed and does not accept responsibility for the adequacy and accuracy of this information. This news release may contain forward-looking statements. These forward-looking statements do not guarantee future events or performance and should not be relied upon. Actual outcomes may differ materially due to any number of factors and uncertainties, many of which are beyond the Company’s control. Some of these risks and uncertainties may be described in the Company’s corporate filings (posted at www.sedar.com).
 
The Company has no intention or obligation to update or revise any forward looking statements due to new information or events.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/fandom04272017.pdf

Source: www.fscwire.com