- GameOn Entertainment Technologies, a portfolio company of Victory Square Technologies Inc.(CSE:VST) announces a C$1.5 million non – brokered private placement
- The placement includes up to 4,285,715 subscription receipts of GameOn at a price of C$0.35
- Each SR unit will consist of one GameOn share and one-half of one GameOn share purchase warrant
- Each receipt will be automatically converted into one unit of GameOn
- Each warrant will entitle the holder to purchase one additional GameOn share
- GameOn empowers sports and entertainment content providers with the world’s simplest and most accessible gamification platform
- Victory Square Technologies is an accelerator with 20+ portfolio companies focused on emerging technologies.
- Victory Square Technologies (VST) opened trading at C$1.20 per share
GameOn, a portfolio company of Victory Square has launched a non-brokered private placement.
The placement will consist of up to 4,285,715 subscription receipts of GameOn for aggregate gross proceeds of up to C$1,500,000 at a price of C$0.35 per subscription receipt (SR).
Each subscription receipt will be automatically converted into one unit of GameOn
Each SR unit will consist of one GameOn share and one-half of one GameOn share purchase warrant.
Each SR warrant will entitle the holder to purchase one additional GameOn share at a price of C$0.52 for a period of 24 months following the completion of a going-public transaction by GameOn.
GameOn intends to use the net proceeds from the SR offering to finance acquisitions, organic growth investments and for general working capital purposes.
Closing of the SR offering is subject to customary closing conditions including receipt of any required regulatory approvals.
Founded in 2018, GameOn empowers sports and entertainment content providers with the world’s simplest and most accessible gamification platform.
Victory Square Technologies is an accelerator with 20+ portfolio companies focused on emerging technologies.
Victory Square Technologies (VST) opened trading at C$1.20 per share.
