FANDOM SPORTS Appoints Vinokurov to Board of Directors and Provides Update on Year End Filings
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2020) - FANDOM SPORTS Media Corp. (CSE: FDM) (OTCQB: FDMSF) (FSE: TQ43) ("Fandom Sports" or the "Company"), is pleased to announce that David Vinokurov, CEO and President of Fandom Sports will be joining the Board of Directors as a new member of the Board effective June 1, 2020. Mr. Vinokurov will be replacing Jonna Birgans.
Update: Year End Financial Filings
Due to circumstances created by the COVID-19 pandemic, the British Columbia Securities Commission and other members of the Canadian Securities Administrators granted issuers in the Canadian securities industry, including Fandom Sports Media Corp., up to an additional 45 days to complete year-end statutory filings. The Company does not believe that it will be able to file its January 31, 2020, audited annual financial statements by its usual 120-day deadline of June 1, 2020, and will be relying on the extension. Accordingly, as required by the conditions of the extension, the company's management and other insiders will be subject to a trading blackout that reflects the principles in Section 9 of National Policy 11-207 until its financial statements are filed, which will be expected on or before July 14, 2020 (45 days from the original filing deadline).
Other than as previously disclosed by the Company in news releases, including the information herein, there are no other material business developments since the date of the Company's most recent filing of its interim financial statements and interim management discussion and analysis (MD&A) for its Q3 ended October 31, 2019.
About FANDOM SPORTS:
"PLAY. PREDICT. GET REWARDED."
FANDOM SPORTS Media is an entertainment company that aggregates, curates and produces unique fan-focused content.
Fandom Esports Platform is all about micro-payments with Blaze blockchain technology that offers unbeatable speed and high industry adaptability. Because of its unparalleled speed and industry-defining structure. Using Blaze as a payment structure for Fandom Esports Platform will open up new micro transaction-based revenue opportunities for FANDOM SPORTS.
For additional Information:
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The CSE has not reviewed and does not accept responsibility for the adequacy and accuracy of this information. This news release may contain forward-looking statements. These forward-looking statements do not guarantee future events or performance and should not be relied upon. Actual outcomes may differ materially due to any number of factors and uncertainties, many of which are beyond the Company's control. Some of these risks and uncertainties may be described in the Company's corporate filings (posted at www.sedar.com).
The Company has no intention or obligation to update or revise any forward-looking statements due to new information or events. This press release contains forward-looking statements about FANDOM SPORTS. Forward-looking statements may be identified by the use of words like "believe," "expect," "anticipate," "estimate," "plan," "consider," "project," and similar references to the future. Forward-looking statements reflect FANDOM SPORTS' good-faith evaluation of information available at the time the forward-looking statements were made. These forward-looking statements are subject to a number of risks and uncertainties, and our actual results may differ materially from those projected. Please refer to FANDOM SPORTS' annual and quarterly reports filed on SEDAR for a full discussion of those risks and uncertainties we view as most important. Forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at or by which any such performance or results will be achieved. As a result, actual outcomes and results may differ materially from those expressed in forward-looking statements. We undertake no obligation to update or revise forward-looking statements.
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