- GameSquare (GSQ) has closed the first tranche of a C$3M non-brokered private placement
- The company raised a total of $2.8M for business development and general corporate purposes
- Major shareholder Goff Capital participated in the offering and increased its stake to 20.69 per cent
- GameSquare is an international gaming and esports company
- GameSquare (GSQ) is down by 4.55 per cent trading at $0.105 per share
GameSquare (GSQ) has closed the first tranche of a C$3M non-brokered private placement.
The company issued 20,040,429 common shares priced at $0.14 for gross proceeds of $2.8M.
It will allocate the proceeds toward business development and general corporate purposes.
Affiliates of Goff Capital acquired ownership of 13,482,857 common shares. Prior to the offering, Goff owned 16.99 per cent of outstanding GameSquare shares. Following the closing of the first tranche, Goff’s ownership now stands at 20.69 per cent.
The company’s largest shareholders include Goff Capital and the Jones Family, the owners of the Dallas Cowboys.
GameSquare is an international gaming and esports company active in esports talent recruitment, digital media, and gaming and lifestyle marketing.
GameSquare (GSQ) is down by 4.55 per cent trading at $0.105 per share as of 12:27 pm EST.