- Tiidal Gaming Group (TIDL) has closed its oversubscribed non-brokered private placement for gross proceeds of $561,905.10
- The offering of units consists of 5,619,051 units at a price of $0.10 per unit
- The company will use the net proceeds for Sportsflare operations
- Tiidal Gaming is an esports and gaming platform company
- Tiidal Gaming Group Corp. (TIDL) opened trading at C$0.08
Tiidal Gaming Group (TIDL) has closed its previously announced non-brokered private placement.
The offering of units consists of 5,619,051 units at a price of $0.10 per unit for gross proceeds of $561,905.10. Each unit includes one common share and one common share purchase warrant. Each warrant is exercisable at $0.15 per share for a period of 36 months following the closing date of the offering.
The company will use the net proceeds for Sportsflare operations in sales, trading and development and general corporate and working capital purposes.
Tiidal paid a total of $2,800.00 and issued 28,000 compensation options as finders’ fees.
All securities issued are subject to a statutory four-month hold period.
Tiidal Gaming is a leading media and technology platform enabling next-generation engagement in esports and gaming. It focuses on owning and operating synergistic businesses in the gaming ecosystem, including its wholly-owned subsidiaries, Sportsflare and Lazarus Esports.
Tiidal Gaming Group Corp. (TIDL) opened trading at C$0.08.