FansUnite ‎Entertainment Inc. a ‎technology company providing leading online gaming solutions‎, is pleased to announce that ‎it has entered into an agreement with Gravitas Securities Inc., as sole agent ‎and sole bookrunner in connection with a marketed commercially reasonable best efforts ‎private ‎placement offering of special warrants of the Company at a price of $0.625 per Special Warrant, for ...

 FansUnite ‎Entertainment Inc. (CSE: FANS) (OTCB: FUNFF‎) ("FansUnite" or the "Company"), a ‎technology company providing leading online gaming solutions‎, is pleased to announce that ‎it has entered into an agreement with Gravitas Securities Inc., as sole agent ‎and sole bookrunner (the "Lead Agent"), in connection with a marketed commercially reasonable best efforts ‎private ‎placement offering (the "Offering") of special warrants of the Company ("Special ‎Warrants") at a price of $0.625 per Special Warrant, for gross proceeds of up to approximately $5,000,000.‎ The initial closing date is expected to be on or about the week of January 11th, 2021 (the "Closing Date" or "Closing") and the Offering may be completed in one or more closings at the discretion of the Lead Agent. ‎

Each Special Warrant shall be exercisable, for no additional consideration at the option of the holder, ‎into one unit of the Company (each, a "Unit"), with each Unit being comprised of one common share ‎of the Company (a "Common Share") and one half (1/2) of one non-transferable Common Share purchase warrant (each whole warrant‎, a "Warrant"). Each ‎Warrant will entitle the holder thereof to acquire one Common Share (each, a "Warrant Share") at an ‎exercise price of $0.78 per Warrant Share for a period of 24 months after Closing (the "Expiry Date").‎

The Company has granted the Lead Agent, as well as any other investment dealers or exempt market dealers agreeable to the Company that form a syndicate ‎of ‎agents with the Lead Agent (collectively with the Lead Agent, the "Agents"),‎ an option (the "Over-Allotment Option") to offer for sale ‎up to an additional $750,000 of ‎Special Warrants issued pursuant to the Offering to cover any ‎over-allotments, exercisable in whole or in part, at any time within 30 days following the Closing Date.

The net proceeds raised under the Offering will be used for working capital and general corporate purposes.‎

As soon as reasonably practicable after the Closing, the Company will prepare and file with each of the securities ‎regulatory authorities in each of the provinces of British Columbia, Alberta, Manitoba and Ontario‎, (the "Jurisdictions") and obtain a receipt for, a final short form ‎prospectus (the "Final Prospectus"), qualifying the distribution of the securities issued pursuant to the Offering, in compliance with applicable securities law, within sixty (60) days ‎from the Closing of the Offering.‎

In the event that the Company has not received a receipt for the Final Prospectus within ‎sixty (60) days following the Closing, each unexercised Special Warrant will thereafter ‎entitle the holder thereof to receive upon the exercise thereof, at no additional ‎consideration, one-and-one-tenth (1.10) Unit (instead of one Unit) ‎(the "Penalty Ratio")‎, provided that nothing shall require the Company to issue fractional Units or ‎Common Shares and Warrant Shares underlying such Units, and any fractions resulting from the application of the Penalty Ratio shall be rounded down to the nearest whole number‎.‎

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the ‎United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful ‎prior to qualification or registration under the securities laws of such jurisdiction. The securities ‎being offered have not been, nor will they be, registered under the United States Securities Act ‎of 1933, as amended, and such securities may not be offered or sold within the United States or ‎to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption ‎from U.S. registration requirements and applicable U.S. state securities laws.‎

About FansUnite Entertainment Inc.

FansUnite is a global sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products. FansUnite has produced a one of a kind complete iGaming platform, with a sports and esports focus geared for the next generation of online bettors and casino players. The platform includes products for pre-match betting, in-play betting, daily fantasy, content and a certified RNG to produce casino style chance games. The platform operates multiple B2C brands and B2B software for the online gambling industry. FansUnite also looks to acquire technology platforms and assets with high growth potential in new or developing markets.

For further information, please contact:

Prit Singh Investor Relations at FansUnite
ir@fansunite.com
(905) 510-7636

Scott Burton Chief Executive Officer of FansUnite
scott@fansunite.com

Darius Eghdami President of FansUnite
darius@fansunite.com

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD-LOOKING STATEMENTS: Certain information contained herein may constitute "forward-‎looking information" under Canadian securities legislation. Generally, forward-looking information can be ‎identified by the use of forward-looking terminology such as "believes," "belief," "expects," "intends," ‎‎"anticipates," "potential," "should," "may," "will," "plans," "continue" or similar expressions to be uncertain ‎and forward-looking. Forward-looking statements may include, without limitation, statements relating to ‎future outlook and anticipated events such as: the Offering, the use of proceeds from the Offering, the filing and receipt for the Final Prospectus, the establishment of McBookie as a preeminent online ‎betting platform; the expansion of McBookie throughout the UK gambling industry; the effect of upcoming ‎sporting events on betting volume on the McBookie platform; the ‎Company's unique portfolio of assets; and discussion of future plans, projections, objectives, estimates ‎and forecasts and the timing related thereto. Forward-looking statements are based on the Company's ‎estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the ‎actual results, level of activity, performance or achievements of FansUnite to be materially different from ‎those expressed or implied by such forward-looking statements or forward-looking information. Additional ‎information regarding the risks and uncertainties relating to the Company's business are contained under ‎the heading "Risk Factors" in the Company's Non-Offering Prospectus dated March 27, 2020 filed on its ‎issuer profile on SEDAR at www.sedar.com and risks related to global pandemics, including the novel ‎coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and influence ‎of macroeconomic developments. Accordingly, readers should not place undue reliance on forward-looking ‎statements and forward-looking information. The forward-looking statements in this news release are made ‎as of the date of this release. FansUnite disclaims and does not undertake to update or revise any forward-‎looking statements or forward-looking information, whether as a result of new information, future events or ‎otherwise, except as required by applicable securities laws.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70360

News Provided by Newsfile via QuoteMedia

ProStar to Participate in the Lytham Partners Winter 2021 Investor Conference

ProStar to Participate in the Lytham Partners Winter 2021 Investor Conference

ProStar Holdings Inc. ("ProStar®" or the "Company") (OTCQX: MAPPF) (TSXV: MAPS) (FSE 5D00), a world leader in Precision Mapping Solutions ®, announced today it will be participating in the Lytham Partners Winter 2021 Investor Conference taking place from December 13-16, 2021 . During the event, the Company will be participating in a webcasted Fireside Chat discussing its vision for 2022 and conducting 1x1 virtual investor meetings.

Keep reading... Show less
Small Cap Growth Investor Presentations Now Available for On-Demand Viewing

Small Cap Growth Investor Presentations Now Available for On-Demand Viewing

- Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the December 2nd Small Cap Growth Virtual Investor Conference are now available for on-demand viewing.

Keep reading... Show less

Keynotes, Educational Panels and 70 Companies to Present at the SNN Network Canada Virtual Event on December 7-9, 2021

The SNN Network Canada Virtual Event will take place on December 7-9, 2021, where 70 SmallCap, MicroCap and NanoCap public and private companies will be presenting via virtual webcast to a global investor audience

The SNN Network Canada Virtual Event begins on Tuesday, December 7, 2021 with the "MicroCap Investing Workshop" starting at 8:00am EST and featuring well-known financial influencers, investors, fund managers, and key opinion leaders including: Dave Barr, Sharon Wang, Paul Andreola, Becky Popoff, Harold Leishman, Sean MacGillis, and more!

Keep reading... Show less
Grinnell College selects ProStar's SaaS Solution to manage Its 150-year-old infrastructure

Grinnell College selects ProStar's SaaS Solution to manage Its 150-year-old infrastructure

ProStar Holdings Inc. ("ProStar ® " or the "the Company") (OTCQX: MAPPF) (TSXV: MAPS) (FSE: 5D00), a world leader in Precision Mapping Solutions, is pleased to announce that Grinnell College has selected ProStar's solution, PointMan®, to improve the management and maintenance of its critical infrastructure on its over 150-year-old, 120-acre campus.

"Grinnell College is located on 120 acres with miles of buried telecom infrastructure critical to operations. To protect and maintain our expanding and valued buried infrastructure, we realized the need for precise maps and accurate locates. We selected ProStar's PointMan platform from our search for a GIS mapping platform that was easy to adopt, met our precision requirements for reference and locating needs, and flexibility for future GIS needs," said David Ellis, Director of Network Services, Grinnell College.

Keep reading... Show less
JustKitchen Appoints Strategic Advisors and Key Management to Build on its International Expansion

JustKitchen Appoints Strategic Advisors and Key Management to Build on its International Expansion

  • Three advisory appointments are expected to bolster the Company's entrance into the Japanese market, add more global food brands to its portfolio and establish a strong presence in the Philippines
  • Additions to JustKitchen's executive team include a new Chief Technology Officer and Head of Supply Chain
  • A new Business Intelligence department has been formalized to leverage the Company's multijurisdictional JKOS enterprise solution and will be led by Mark Lin , Chief Information Officer, and Ken Chang , Chief Technology Officer

TSXV: JK   OTCQB: JKHCF   FRA: 68Z

Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z) an operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce that it has recently appointed Ernest Higa John Hardyment and Zaki Delgado (the " New Advisors ") to its strategic advisory board. Management expects that Mr. Higa will be instrumental in advising the Company on its entry into the Japanese market, Mr. Hardyment will advise on the onboarding of international food brands and Mr. Delgado will advise on business development opportunities in the Philippines and across southeast Asia . The New Advisors join the two previously announced founding members of the advisory board Warren Tseng as APAC Expansion Advisor and Gene Chuang as Technology Advisor.

Keep reading... Show less
KWESST Micro Systems Taps AMW PR to Lead Public Relations, Media Strategy Initiatives

KWESST Micro Systems Taps AMW PR to Lead Public Relations, Media Strategy Initiatives

National U.S. Public Relations Firm Will Bring KWESST's Story and Proprietary Systems to Media, Public Markets

KWESST Micro Systems Inc. (OTCQB: KWEMF) (TSXV: KWE) ("KWESST," or "the Company"), a leader in providing next-generation tactical systems for security forces and personal defense, is pleased to announce that it has engaged the New York-based public relations firm AMW Public Relations to lead the Company's public relations, brand strategy, and media communications initiatives.

Keep reading... Show less

Top News

Related News