Pursuant to the Definitive Agreement, the Company has agreed to acquire all of the issued and outstanding common shares of EGI in exchange for 4,000,000 common shares of the Company to be issued to the shareholders of EGI at a deemed price of
All common shares issued in connection with the acquisition of EGI are subject to a four-month and one day resale restriction and an 18-month voluntary escrow agreement between the selling shareholders of EGI and the Company.
Transaction Highlights and Benefits
The Company will become a Canadian public markets' first to integrate a wholly owned proprietary NFT-focused company within a gaming rewards ecosystem
The Company will add
Provides an existing platform that can be leveraged through partnership with other potential celebrities, athletes, and family offices within the
'The examples in industry of partnerships in the digital space leveraging exciting technology provided by NFTs are extensive. From Acker, the world's largest fine and rare wine auction house releasing its first-ever NFTs from Burgundy, Beeple selling digital NFT art for
Founded in 2019 by
NFTs are in essence a record created using blockchain that attributes ownership of a given piece of digital 'art' to an individual on the blockchain ledger.
NFTs are emerging as a popular new way for creators and artists globally to monetize their intellectual property.
NFT sales topped
Acker, the world's largest fine and rare wine auction house, released its first-ever NFTs from Burgundy, which fetched
The first pure-play publicly traded investment vehicle for NFTs,
Further, the Company is pleased to announced that it has entered into a consulting agreement dated
Blue Deer is a capital markets advisory firm headquartered in
About
About
Founded by a serial blockchain entrepreneur, EGI is a privately held company that has built a proprietary NFT marketplace called 'Memestation' which facilitates the purchase, sale, and trading of meme digital art. Memestation has been designed to be easily cloned and reskinned to be applied to other media verticals.
Contact:
Tel: (416) 627-8868
Email: jon@wondrgaming.com
Forward Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. More particularly and without limitation, this news release contains forward-looking statements and information relating, the future business of the Company, the completion of the acquisition, the potential of the Company's products and services, further business from the Company's clients, industry outlook and potential and other matters. The forward-looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
(C) 2021 Electronic News Publishing, source