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FanDom Sports Closes Management Specific Private Placement
FanDom Sports Media (CSE:FDM,OTCQB:FDMSF,Frankfurt:TQ42) (“FanDom Sports” or the “Company”) announces that it has concluded the final tranche of its previously announced (January 10, 2018 press release) private placement financing (the “Offering”) on Friday February 9, 2018 and has raised gross proceeds of $624,900 pursuant to the policies of the Canadian Securities Exchange (the “Exchange” or the “CSE”).
FanDom Sports Media (CSE:FDM,OTCQB:FDMSF,Frankfurt:TQ42) (“FanDom Sports” or the “Company”) announces that it has concluded the final tranche of its previously announced (January 10, 2018 press release) private placement financing (the “Offering”) on Friday February 9, 2018 and has raised gross proceeds of $624,900 pursuant to the policies of the Canadian Securities Exchange (the “Exchange” or the “CSE”). For this tranche FanDom Sports has issued a total of 4,166,000 Units (the “Units”) at a price of $0.15 per Unit. Each Unit consists of one common share and one share purchase warrant (the “Warrant”) where each Warrant entitles the holder to purchase one common share of the Company at a price of $0.20 per common share on or before February 8, 2020. In accordance with applicable securities legislation, all securities issued pursuant to the Offering may not be transferred until June 10, 2018.
There were no brokerage, underwriting or finders fees associated with this financing.
About FanDom Sports Media Corp.
“FanDom Sports App – Fight with your thumbs, not your fists!”
The FanDom Sports App 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 favourite sport is arguing about the game and the athletes.
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. Our unique approach blends curated content with user-generated content while providing access to athletes and celebrities both on-line and at local sponsored events.
You may also visit the Company’s website at www.fandomsportsmedia.com or contact us directly at info@fandomsportsmedia.com
On Behalf of the Company
“Henri Holm”
Henri Holm, CEO & President
For additional Information:
Chief Operating Officer
Allen S. Ezer
Tel: 416-453-7798.
Email: allen@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.
Source: FanDom Sports Media Corp. (CSE:FDM, OTCQB:FDMSF, FWB:TQ42)
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