Mr.
Konrad Wasiela reports
ESE ENTERTAINMENT ANNOUNCES CLOSING OF THE SECOND AND FINAL TRANCHE
OF ITS PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT OFFERING
ESE Entertainment Inc. has closed the second and final
tranche of its previously announced non-brokered private placement
financing through the issuance of 3,698,166 common shares of the company
at a price of six cents per share for gross proceeds of $221,889.96. The company previously
closed the first tranche of the offering on Sept. 22, 2025, for aggregate gross proceeds of
$528,110 through the sale of 8,801,834 shares. To date, the company has raised aggregate gross
proceeds of $750,000 through the sale of 12.5 million shares.
The company intends to use the net proceeds from the second tranche for general working capital.
In connection with the second tranche, the company paid cash commissions of $15,532.30 to certain
finders and issued 258,872 non-transferable finder warrants. Each
finder warrant entitles the holder thereof to purchase one share at an exercise price of six cents per
share for a period of 24 months from the date of issuance.
The offering remains subject to final acceptance from the TSX Venture Exchange. All
securities issued or issuable in connection with the second tranche will be subject to applicable hold
periods imposed under applicable securities legislation, including a hold period of four months and one
day from the date of issuance.
About ESE Entertainment Inc.
ESE is a global technology company focused on gaming. 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.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.