11:28:33 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Captor Capital Corp
Symbol CPTR
Shares Issued 167,141,342
Close 2018-01-19 C$ 0.50
Market Cap C$ 83,570,671
Recent Sedar Documents

Captor increases private placement to $50-million

2018-01-22 10:12 ET - News Release

Mr. John Zorbas reports

CAPTOR INCREASES SIZE OF OFFERING AND RETAINS CANACORD GENUITY AS FINANCIAL ADVISOR

Captor Capital Corp. will be increasing the size of its previously announced non-brokered private placement offering from up to $20-million to up to $50-million. The company is increasing the size of the offering in order to finance additional investments. The company has also engaged Canaccord Genuity Corp. as financial adviser in connection with the private placement.

Captor also announced today that it has entered into a non-binding letter of intent with MM Enterprises USA LLC to subscribe for Class B membership interests of MedMen, representing 3 per cent of the issued and outstanding membership interests of MedMen on a fully diluted basis for an aggregate subscription price of $30-million (U.S.).

"Captor's investment into MedMen underscores our dominant position in the U.S. market," said MedMen co-founder and chief executive officer, Adam Bierman. "We are uniquely positioned with facilities and licences in the most significant and strategic markets; California, Nevada and New York. We'll continue to lead the expansion in these key markets that combined account for nearly half of the state sanctioned marijuana commerce in the U.S."

Captor further announces that it has made a $500,000 investment in Millennial Esports Corp. by purchasing 714,285 units of securities of Millennial at a purchase price of 70 cents per unit. Each unit purchased by Captor consists of one common share of Millennial and one-half of one common share purchase warrant of Millennial. Each whole warrant will entitle Captor to acquire one common share of Millennial for a period of 24 months from the date of issuance of the warrant, at an exercise price of $1.20 per share.

"Millennial Esports is uniquely positioned to benefit from the growth in Esports with popular, revenue generating assets such as Eden Games, Stream Hatchet, and O'Gaming," said John Zorbas, president, Captor Capital. "Equally importantly, these assets present the company with an immediate potential market of 30 million people for their token initiative."

Millennial provides turnkey global solutions that cover gaming technology, content production and broadcasting, with a focus on leveraging synergies between traditional sport and Esports. In November, Millennial announced the formation of a new division focused on the creation and implementation of blockchain-based in-game and cross-platform game and digital content tokens.

Subject to execution of definitive agreements, Captor anticipates making a further $1-million investment into the token offering. The final terms of the token offering have not yet been finalized and remain subject to agreement between the parties. There can be no guarantee that the final terms of the token offering will be acceptable to Captor, or that Captor will proceed with the token investment.

"As we enter 2018, we are focused on simultaneously capitalizing on the growth of the Esports and blockchain sectors," said Alex Igelman, chief executive officer, Millennial Esports. "Captor Capital's potential investment and commitment of $1.5-million follows similar commitments totalling $7-million from Global Blockchain Ltd., demonstrating the great potential of Millennial Esports' blockchain initiative."

About Captor Capital Corp.

Captor Capital follows a strategy of acquiring profitable, established companies and organizations with growth potential that require capital to scale. Captor currently has investments in a number of companies and industries, including I-5 Holdings, which owns the West Hollywood and Santa Ana MedMen cannabis dispensaries, amongst other assets.

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