NorthStar Gaming Holdings Inc. (TSXV:BET) entered into a share purchase agreement to acquire Slapshot Media Inc. on April 24, 2023. Cameron A. MacDonald of Borden Ladner Gervais LLP acted as legal advisor for NorthStar Gaming.

NorthStar Gaming Holdings Inc. (TSXV:BET) completed the acquisition of Slapshot Media Inc. on May 8, 2023. The Company acquired all of Slapshot’s issued and outstanding shares for $1,800,000, plus an adjustment for working capital. The Company issued 3,818,181 common shares to the former owners of Slapshot at a value based on the volume weighted average trading price equal to $0.55 per share reflecting the purchase price an estimate of $300,000 in respect of estimated working capital. The vendors of Slapshot are also be entitled to a separate earn-out of up to $500,000 based on revenue performance of Slapshot for the 12-month period following the closing, payable quarterly in Company common shares with a deemed value per share equal to the greater of: (i) a 20-day volume weighted average price calculated at the end of each applicable quarter; and (ii) $0.45 per share.