eQube Gaming Limited Announces Voluntary Delisting From TSX Venture Exchange

Calgary, Alberta--(Newsfile Corp. - August 17, 2021) - eQube Gaming Limited (TSXV: EQG) ("eQube" or the "Company") announces that it has applied to voluntarily delist its ordinary shares ("Shares") from the TSX Venture Exchange ("TSXV"). Accordingly, it is anticipated that, effective at the close of markets on August 20, 2021, the Company's Shares will no longer be traded on the TSXV.

The Shares are exclusively traded on the TSXV. Given the relatively low trading volume of the Shares on the TSXV, the financial challenges of the Company due in part to COVID-19 and certain related government mandated restrictions, such as lockdowns, the high costs associated with being a publicly listed company and other factors as further detailed in the Company's management information circular dated July 5, 2021 and available under eQube's SEDAR profile at www.sedar.com, eQube's management has determined that the Shares should no longer be offered for public trading. The appropriate approval of the holders of Shares with respect to the delisting was obtained on July 30, 2021, and it is anticipated that the approval of the TSXV to delist the Shares will be obtained.

For greater certainty, upon completion of the delisting, holders of Shares will no longer be able to continue to trade their Shares through a public stock exchange. Subject to the approval of the holders of Shares, eQube intends to windup and dissolve pursuant to the laws of its home jurisdiction, Hong Kong, subsequent to the upcoming meeting of the holders of Shares on August 25, 2021. Further details with respect to the proposed windup and dissolution of the Company can be found in the Company's management information circular dated August 4, 2021, which is available under the Company's SEDAR profile.

About eQube Gaming Limited

eQube is a leading provider of electronic bingo (eBingo) systems for land based gaming operators in commercial and charitable gaming facilities. eQube has the majority market share in the Canadian regulated bingo market as well as the Irish market and operates the linked bingo games in Alberta and Ireland. Current solutions, consisting of commercial eBingo, linked wide area bingo, traditional bingo and automated bingo style electronic games are complemented by enterprise class accounting and back office reporting combined with open platform customer management data tools. eQube's platform provides new and enhanced revenue channels by enhancing the experience, environment and service to our clients' customers.

eQube has been offering its eBingo and related gaming solutions to commercial, tribal, regulatory and charitable customers worldwide since its inception in 1999. Its registered and head office is in Edmonton, Alberta. eQube is listed on the TSX Venture Exchange under the symbol EQG. For more information visit: www.eqube.com.

Disclaimer in Regards to Forward-Looking Statements

This news release may contain forward-looking statements and information ("forward-looking statements") within the meaning of applicable securities laws and is based on the expectations, estimates and projections of management of eQube as of the date of this news release, unless otherwise stated. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future.

In this news release, forward-looking statements relate, among other things, to the timing of the delisting of the Shares from the TSXV and the proposed windup and dissolution of the Company. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information provided in this news release is also based on certain assumptions regarding expected growth, results of operations, performance and business prospects and opportunities. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this news release. Since forward-looking statements addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These risks include the inability to obtain necessary regulatory approvals.

Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information regarding some of these risks, expectations or assumptions and other factors may be found in eQube's filings with the Canadian securities regulators, available at www.sedar.com. The reader is cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and eQube undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For inquiries, please contact:
Donald Sutherland
dsutherland@patdon.ca
Phone: (403) 309-5403

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93360