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Victory Square Technologies announces strategic dividend reward initiative to unlock the intrinsic value of its portfolio company GameOn Entertainment Technologies Inc
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VANCOUVER, British Columbia, Feb. 22, 2021 (GLOBE NEWSWIRE) Victory Square Technologies Inc. (“
Victory Square”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that further to its news release dated February 22, 2021, its portfolio company GameOn Entertainment Technologies Inc. (“
GameOn”) has increased the size of its previously announced non-brokered private placement (the “
SR Offering”) of subscription receipts of GameOn (“
Subscription Receipts”) from $1.5 million to $3 million due to strong investor demand. Each Subscription Receipt will be sold at a price of $0.35 and be governed by a subscription receipt agreement to be entered between GameOn and an escrow agent to be appointed by GameOn on or prior to the closing date of the SR Offering (the “
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The near unanimous vote demonstrated the strong level of support from all parties for single-event sports wagering in Canada.
GameOn provides legalized sportsbooks with gaming software solutions, including patent-pending first-screen technology that lets fans make bets with remote controls.
GameOn recently announced advisors with deep sports betting experience: J Moses, a respected game industry veteran who also served as an advisor for the sports wagering platform Bet.Works (recently acquired by Ballys), Mike Vorhaus, seed investor at DraftKings and Skillz, Sean Hurley, previously served as Head of Sportsbook at DraftKings and Sabrina Carrozza, a communications consultant who represents some of the biggest brands in sports, media and technology.