02:59:34 EDT Thu 25 Apr 2024
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Champion Gaming Group Inc
Symbol WAGR
Shares Issued 65,945,840
Close 2022-06-02 C$ 0.23
Market Cap C$ 15,167,543
Recent Sedar Documents

Champion Gaming CEO, CFO, president each resign

2022-06-03 17:25 ET - News Release

Mr. Graham Simmonds reports

CHAMPION GAMING ANNOUNCES MANAGEMENT AND BOARD CHANGES

Champion Gaming Group Inc. (formerly, Prime City One Capital Corp.) has made a number of management and board changes, effective June 3, 2022. Ken Hershman resigned as the chief executive officer, John Barkeley resigned as the chief financial officer and corporate secretary, Sean O'Leary resigned as the president, Frank Frigo resigned as the chief innovation officer and Paxton Baker resigned as a director, effective immediately. The company wishes to thank Mr. Hershman, Mr. Barkeley, Mr. Frigo and Mr. Baker for their contributions to the company and wish them every success in future endeavours.

The company is also pleased to announce it has appointed Graham Simmonds as chief executive officer and a director of the company, Cameron Wickham as the interim chief financial officer and corporate secretary, and Mr. Hershman and Mr. O'Leary will continue to serve as directors of the company with Mr. Hershman appointed as vice-chairman of the board.

Ken Hershman, vice-chairman and former CEO, stated: "On behalf of Champion Gaming, I would like to thank Mr. Barkeley and Mr. Baker for their valuable contributions to the company and we wish them success in their future endeavours. We are pleased to retain Mr. O'Leary as a director and Mr. Frigo as an adviser to the company who were co-founders of EdjSports LLC that Champion Gaming acquired through the reverse takeover completed in December, 2021. Mr. O'Leary is a founder of multiple companies offering proprietary content to both business to business and consumer markets with perspective that strengthens our board. Furthermore, continuing to leverage Mr. Frigo's expertise as an adviser -- one of the 'Founding Fathers of Football Analytics' as the Ringer once dubbed him -- will serve us well as we continue to build unique and proprietary applications for bettors, fans and media."

Mr. Hershman added: "Mr. Simmonds is one of the co-founders of Champion Gaming and he has worked closely with the company and me over the past 18 months in structuring the reverse takeover and advising on a number of corporate and capital markets initiatives. Given his previous experience as a public markets CEO and his extensive background in on-line gambling, the board of directors and I determined that his leadership of the company would be both ideal and appropriate to steer us going forward as we build a leading sports content and data intelligence business."

Graham Simmonds, CEO, stated: "I am pleased to become more involved with Champion Gaming on a day-to-day basis. These management changes will allow for our key team members to remain involved with the company as we embark on a significant growth trajectory heading into football season, which will be the ultimate focus of the company over the next few months. This also allows the company to develop a more efficient operating structure and will allow us to focus our resources on our core assets and the development of additional content and distribution opportunities to support these endeavours."

Brief biographies of the new management

Mr. Simmonds is an entrepreneur with a diverse background in consumer-driven businesses. He has founded and taken public three companies over the past 15 years in the gaming, cannabis and financial technology sectors. Mr. Simmonds has over 20 years of general experience in public company management and business development projects within the gaming, technology and other regulated sectors. Mr. Simmonds developed and launched the first in-home digital video horse racing service in North America and is a former director and partner in eBet Technologies Inc., a licensed pari-mutuel wagering operator and software developer for the on-line horse racing industry in the United States. eBet Technologies was successfully sold to Sportech PLC in December of 2012. He has previously been licensed/registered with a number of horse racing and gaming commissions in the United States and Canada. Mr. Simmonds is the founder and former chairman and chief executive officer of CordovaCann Corp., a Canadian-domiciled diversified cannabis investment company listed on the Canadian Securities Exchange; and DealNet Capital Corp., a consumer finance company formerly listed on the TSX Venture Exchange. Mr. Simmonds currently serves as the chairman of Plant-Based Investment Corp. and Bhang Inc.; and as a director and chief executive officer of Aion Therapeutic Inc. and Baymount Inc.

Mr. Wickham has served as a director of Champion Gaming since March, 2021. Mr. Wickham has over nine years of experience in public company management and has been involved in a number of going public transactions in Canada and the United States in the cannabis, consumer finance and other regulated sectors. He specializes in navigating early-stage financing structures, M&A (mergers and acquisitions) and continuing management of public companies having significant experience in managing corporate finance, audit and legal teams. Mr. Wickham currently serves as executive vice-chair and chief executive officer of Delota Corp., an established cannabis and vape retailer; and as chief financial officer of Baymount Inc. Mr. Wickham began his career in investment banking after obtaining his bachelor of commerce from Queen's University.

About Champion Gaming Group Inc.

Champion Gaming is a sports content, data and analytics company that provides predictive and prescriptive analytical models and win probability applications and statistics in the sports industry for teams, media, fans and bettors. The sports analytical and data solutions currently offered by Champion to its customers include: a fully customized probability engine, interactive sports matchup models, spread and over/under distributions, and sports statistics and historical data statistics.

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