15:42:20 EDT Thu 23 Mar 2023
Enter Symbol
or Name

Champion Gaming Group Inc
Symbol WAGR
Shares Issued 71,645,840
Close 2023-01-18 C$ 0.10
Recent Sedar Documents

Champion Gaming issues $300,000 promissory note

2023-01-19 14:30 ET - News Release

Mr. Graham Simmonds reports


Champion Gaming Group Inc. has entered into a secured promissory note with an arm's-length creditor to the company in the principal amount of $300,000. The Promissory Note is secured by a general security agreement over the assets of the Company and will mature twelve (12) months from the date of issuance (the "Maturity Date") and will be used by the Company for general working capital purposes. In connection with the Promissory Note, the Company issued an aggregate of 600,000 common shares (the "Common Shares") of the Company, representing 20% of the Principal Amount divided by the Market Price (as defined and determined in accordance with the policies of the TSX Venture Exchange) at a deemed price of $0.10 per Common Share as a loan bonus.

Interest on the outstanding Principal Amount of the Promissory Note will accrue from the original date of issue at a rate of twenty percent (20%) per annum until the Maturity Date. Interest payments will be paid monthly five (5) business days from last calendar day of each month, commencing on January 31, 2023 until the Maturity Date or such earlier date on which the Promissory Note is repaid.

All Common Shares issued in connection with the Promissory Note 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

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.

We seek Safe Harbor.

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