GameWorks, Inc. signed a definitive agreement to acquire GTA Financecorp Inc. (OTCPK:GTAR.F) in a reverse merger transaction on October 17, 2019. In connection with the transaction, it is anticipated that, GTA will complete a share consolidation of 10.65283:1 such that GTA will have 3 million common shares issued and outstanding immediately prior to the merger with GameWorks. As part of the transaction, GTA will change its name to GameWorks, Ltd. and the resulting issuer will apply to list its shares on the Canadian Securities Exchange. As part of the transaction, GTA will change its business from resources to gaming and esports. GameWorks is planning to complete its listing early in 2020. Following the transaction, the Board of Directors of GTA will consist of one nominee of OC2 Capital, four nominees of GameWorks, one nominee of GTA and at least two shall be independent directors, each of the existing officers of GTA shall resign and such resigning officers shall be replaced by nominees of GameWorks including the appointment of Philip Kaplan as President and Chief Executive Officer and Samuel Jonathan Tang as Chief Financial Officer. The transaction is subject to the regulatory approval, approval of Canadian Stock Exchange, approval of shareholders and Board of Directors by both of GTA and GameWorks, and GameWorks completing a financing for aggregate gross proceeds of not less than $7.5 million, satisfaction of due diligence investigations and other customary closing conditions. The deal is expected to close during the fourth quarter of the Company’s fiscal year ending March 31, 2020. As of February 4, 2020, GTA has entered into an amended and restated agreement for the primary purpose of extending the outside date of closing the reverse merger transaction to February 29, 2020, to provide additional time for the parties to meet the conditions of merger. Arlene O'Neill of Gardiner Roberts LLP acted as legal advisor to GameWorks. OC2 Capital has facilitated the transaction between GameWorks and GTA. Stephen A. Weiss of Michelman & Robinson, LLP acted as legal advisor to OC2 Capital Corp.