The TSX Venture Exchange has accepted for filing DraftTeam Daily Fantasy Sports Corp.'s reverse takeover (RTO), which includes the following.
The RTO consists of the arm's-length acquisition of all of the interests in Fantasy Aces LLC for consideration of 57,539,453 convertible DraftTeam LP units at 10 cents per DraftTeam share ($5,753,945) pursuant to the business combination agreement dated as of June 8, 2015, between DraftTeam and Fantasy Aces, as amended.
For further information on the RTO, please refer to DraftTeam's information circular dated Aug. 28, 2015, available on SEDAR.
The exchange has been advised that the above transaction, approved by shareholders on Sept. 30, 2015, has been completed.
Insider: David Antony, 1,387,745
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