TORONTO, Nov. 28, 2017 /CNW/ - Gaming Nation Inc. ("Gaming Nation" or the "Company") (TSX-V:FAN), announced today the completion of the previously announced plan of arrangement (the "Arrangement"), whereby OC Special Opportunities Fund, LP, a private investment fund managed by Orange Capital Ventures GP, LLC, has acquired all of the issued and outstanding shares of Gaming Nation for consideration equal to CAD$0.95 per share. The Arrangement, which was announced on June 26, 2017, was approved by the Company's shareholders at a special meeting held on August 17, 2017.
Gaming Nation has applied to de-list the common shares from the TSX Venture Exchange.
Shareholders who have questions or require assistance with submitting their Shares to the Arrangement may direct their questions to Computershare Trust Company of Canada, who is acting as depositary under the Arrangement, toll free at 1-800-564-6253 or within Canada at 1-514-982-7555 or by email at [email protected]. Further information regarding the Arrangement is available in the management information circular of the Company dated July 19, 2017, which is available under Gaming Nation's profile on SEDAR at www.sedar.com.
About Orange Capital
Orange Capital Ventures GP, LP is a New York based investment manager in private and public equity and debt. Mr. Daniel Lewis, founder and Managing Partner, was the Managing Partner and Chief Investment Officer of Orange Capital, LLC, from 2005-2016. Orange Capital, LLC was an event driven investment fund with over $1 billion in assets under management. Other principals of Orange Capital include Ankur Dharia and Rhea Persaud, who were both previously employed by Orange Capital, LLC.
About Gaming Nation
Gaming Nation Inc. (TSX-V:FAN) provides technology and information platforms to the sports and entertainment industry. The Company's platforms include 5050 Central, an electronic real-time raffle system, BD Sport Group, providing in-stadium betting in the UK football market, and sports information websites Fantasy Guru, Fantasy Guru Elite and Pick Nation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Gaming Nation Inc.
For further information: Scott Secord, President/CEO, (416) 479-3873