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Champion Gaming Group (TSXV:WAGR) announces private placement

Media, Technology, The Market Online Deal Room
TSXV:WAGR
26 October 2022 08:45 (EDT)

Source: Champion Gaming Group Inc.

Champion Gaming Group (WAGR) has announced a non-brokered private placement for gross proceeds of up to $750,000.

The company will issue up to 10,000,000 units for $0.075 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant shall entitle the holder to acquire one additional common share at $0.15 for a period of two years from the closing of the offering.

The company may pay eligible persons a cash commission equal to 8 per cent of the gross proceeds of the offering and broker warrants equal to 8 per cent of the number of units issued.

All securities issued will be subject to a statutory four-month hold period.

The net proceeds will be used for general working capital purposes.  Champion Gaming Group Inc. is a sports intelligence destination for teams, media, bettors, players, and fans.

Champion Gaming Group Inc. (WAGR) opened trading at C$0.085.


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