09:37:06 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Champion Gaming Group Inc
Symbol WAGR
Shares Issued 65,945,840
Close 2022-07-14 C$ 0.14
Market Cap C$ 9,232,418
Recent Sedar Documents

Champion Gaming arranges $800,000 note offering

2022-07-15 18:37 ET - News Release

Mr. Graham Simmonds reports

CHAMPION GAMING ANNOUNCES PRIVATE PLACEMENT OF PROMISSORY NOTES

Champion Gaming Group Inc. intends to complete a non-brokered private placement of up to an aggregate of $800,000 principal amount of secured convertible promissory notes at a price of $1,000 per note for gross proceeds of up to $800,000. The maturity date of the notes will be 24 months from the closing date. The holders of the notes will have the right, from time to time and at any time on or prior to the maturity date, to convert all or any portion of the outstanding principal amount (but not any accrued and unpaid interest thereon) into common shares of the company at a conversion price of 20 cents per common share. The notes will be secured by a general security agreement over assets of the company, and the proceeds of the offering will be used for general working capital purposes.

Interest on the outstanding principal amount of the notes will accrue from the original date of issue of the notes at a rate of 15 per cent per annum until the maturity date. Interest will be payable quarterly, in cash or common shares at the option of the company at the then current market price of the common shares, subject to the policies of the TSX Venture Exchange. The holders of the notes will also receive such number of common shares as a loan bonus in connection with the issuance of the notes, and such number of common shares will represent 20 per cent of the principal amount of the notes divided by the market price (as defined and determined in accordance with the policies of the TSX Venture Exchange). Furthermore, in the event that the company elects to repay any principal amount of the notes prior to the maturity date, the company will pay an early repayment penalty in an amount equal to the amount of interest that would otherwise be payable up to the maturity date in cash or common shares at the option of the company at the then current market price of the common shares, subject to the policies of the TSX-V.

Closing of the offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of the TSX-V. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

About Champion Gaming Group Inc.

Champion Gaming is a sports content, data and analytic 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 Gaming to its customers include: a fully customized probability engine, interactive sports matchup models, spread and over/underdistributions, sports statistics, and historical data statistics.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.