07:14:44 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



ESE Entertainment Inc
Symbol ESE
Shares Issued 72,520,504
Close 2022-12-21 C$ 0.35
Market Cap C$ 25,382,176
Recent Sedar Documents

ESE Entertainment arranges $2M private placement

2022-12-21 16:28 ET - News Release

Mr. Konrad Wasiela reports

ESE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

ESE Entertainment Inc. has arranged a non-brokered private placement of up to five million units of the company at a price of 40 cents per unit, for aggregate gross proceeds of up to $2-million.

Each unit will be composed of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at a price of 70 cents per warrant share for a period of 36 months from the closing date of the offering.

In connection with the offering, the company may pay certain finders a cash commission and/or issue such finders non-transferable share purchase warrants, in accordance with TSX Venture Exchange policies.

The company intends to use the proceeds raised from the offering for instalment payments under an acquisition agreement and for business development and general corporate purposes. The offering may close in tranches. The first tranche of the offering is expected to close on or around Dec. 31, 2022. The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX-V.

The offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions) and therefore the securities issued in the offering to Canadian subscribers will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document related to the offering that can be accessed under the company's profile on SEDAR and at the company's website. Prospective investors should read this offering document before making an investment decision.

About ESE Entertainment Inc.

ESE is a global technology company focused on gaming and e-sports. The company provides a range of services to leading video game developers, publishers and brands by providing technology, infrastructure and fan engagement services internationally. ESE also operates its own e-commerce channels, e-sports teams and gaming leagues. In addition to the company's organic growth opportunities, the company is considering selective acquisitions that align with its objective of becoming a dominant global player in e-sports technology and infrastructure.

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