FanDom Sports Media Closes Private Placement for Gross Proceeds of $410,000

FanDom Sports Media (CSE:FDM,OTCQB:FDMSF,Frankfurt:TQ42) (“FanDom Sports” or the “Company”) announces that it has closed its private placement financing on Friday September 22^nd and raised gross proceeds of $410,000 pursuant to the policies of the Canadian Securities Exchange (the “Exchange” or the “CSE”).  FanDom Sports will issue 4,100,000 Units (the “Units”) at $0.10 per Unit.  Each Unit consists of one common share and one warrant.  Each warrant is exercisable at $0.15 per common share until September 21, 2019 (the “Private Placement”). All common shares and warrants issued pursuant to the Private Placement may not be transferred until January 23, 2018.
Proceeds of the Private Placement will be for general working capital purposes and the build out of a specialized Android operating system technology team. There were no brokerage, underwriting or Finder’s Fees issued as compensation in association with this Private Placement.
 
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 favorite 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.
Click here to connect with FanDom Sports Media Corp. (CSE: FDM) to receive an Investor Presentation.

Source: www.fscwire.com