Wondr Gaming Announces Closing of Enterprise Gaming Acquisition
Toronto, Ontario--(Newsfile Corp. - June 1, 2021) - Wondr Gaming Corp. (CSE: WDR) (CSE: WDR.WT) (the "Company" or "Wondr Gaming") is pleased to announce that, further to its press release of May 17, 2021, it has completed the previously announced acquisition (the "Transaction") of all of the issued and outstanding common shares of Enterprise Gaming Canada Inc. ("EGI"). As consideration for the Transaction, the Company issued an aggregate of 4,000,000 common shares of the Company (each a "Common Share") at a deemed price of $0.25 per Common Share, to the shareholders of EGI on a pro rata basis.
All Common Shares issued in connection with the acquisition of EGI are subject to a four-month and one day resale restriction and an 18-month voluntary escrow agreement between the selling shareholders of EGI and the Company.
"We are very excited to formally acquire EGI. The launch of our NFT platform MemeStation.com will allow us to create unique NFT moments from all of our future creative content campaigns, as well as with athletes, professional sports teams, and professional sports organizations moving forward. We now have a global reach to partner with some of the largest brands and sports organizations on the planet to create accretive alternative assets that drive revenue for everyone involved. MemeStation.com will also feature NFT indices tracking global sales and providing unique insights to all those who visit our platform," commented Jon Dwyer, Chairman & CEO of Wondr Gaming.
About Wondr Gaming
Wondr Gaming Corp, a publicly traded company on the Canadian Securities Exchange that builds partnerships and fosters community within the gaming and esports industries by creating and acquiring new assets. Its business model unites brands and the global gaming community through loyalty & rewards, augmented reality, influencer advocacy, and tournament platform silos.
About Enterprise Gaming Canada Inc.
Founded by a serial blockchain entrepreneur, EGI is a privately held company that has built a proprietary NFT marketplace called 'Memestation' which facilitates the purchase, sale, and trading of meme digital art. Memestation has been designed to be easily cloned and reskinned to be applied to other media verticals.
For further information please contact:
Jon Dwyer, Chairman and Chief Executive Officer,
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the future business of the Company, the potential of the Company's products and services, further business from the Company's clients, industry outlook and potential and other matters. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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