- GameSquare Esports (GSQ) has closed its C$17 million financing led by Canaccord Genuity
- The company sold 21,250,000 units at $0.40 per unit for half the proceeds
- The company also closed non-brokered financing led by the Jones and Goff families for an additional $8.5 million on the same terms
- Proceeds will go toward advancing existing business lines and general working capital purposes
- GameSquare Esports is an international gaming and esports company headquartered in Toronto
- GameSquare Esports (GSQ) is up by 13.04 per cent and is currently trading at $0.39 per share
GameSquare Esports (GSQ) has closed its C$17 million financing led by Canaccord Genuity.
The company sold 21,250,000 units at $0.40 per unit for gross proceeds of $8.5 million.
Each unit consists of one GameSquare common share and one-half of one purchase warrant.
Each warrant is exercisable for one common share priced at $0.60 for 24 months from the closing date subject to the warrant acceleration right.
GameSquare has also closed a non-brokered private placement led by the Jones and Goff families for an additional $8.5 million on the same terms as those in the offering.
The company will use the proceeds to advance existing business lines and for general working capital purposes.
GameSquare Esports is an international gaming and esports company headquartered in Toronto.
GameSquare Esports (GSQ) is up by 13.04 per cent and is currently trading at $0.39 per share as of 11:24 am ET.