TORONTO, Nov. 15, 2017 /CNW/ - Gaming Nation Inc. ("Gaming Nation" or the "Company") (TSX-V:FAN) is pleased to provide an update regarding the closing of the previously announced plan of arrangement (the "Arrangement") pursuant to which OC Special Opportunities Fund, LP (the "Purchaser"), a private investment fund managed by Orange Capital Ventures GP, LLC, has agreed to acquire all of the issued and outstanding shares of Gaming Nation for CAD$0.95 in cash per share.
The Company and the Purchaser continue to make substantial progress regarding the required regulatory approvals and it is currently expected that the Arrangement will be completed prior to the end of November 2017, subject to the satisfaction or waiver of the remaining conditions of closing.
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 firstname.lastname@example.org. 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 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