The TSX Venture Exchange has accepted for filing Stratton Capital Corp.'s qualifying transaction described in its filing statement dated Oct. 7, 2016. As a result, at the opening on Thursday, Oct. 27, 2016, the company will no longer be considered a capital pool company (CPC). The qualifying transaction includes the following.

The company acquired all the issued and outstanding shares of Pro Gaming League Inc. (PGL) by way of a securities purchase agreement dated May 16, 2016, and issued 85,449,812 common shares to the shareholders of PGL, including those issued pursuant to the financings. Prior to the closing of transaction, the company consolidated all of its issued and outstanding common shares on a one-new-for-four-old basis and changed its name to Millennial Esports Corp. Under the transaction, all shareholders of PGL exchanged their common shares of PGL for postconsolidated common shares of the company on a one-for-one basis and the convertible securities of PGL remained convertible under their terms for like securities of the company in lieu of PGL securities, also on a one-for-one basis.

As a result of the transaction, a total of 12.3 million resulting issuer common shares and 420,000 resulting issuer warrants are escrowed pursuant to an exchange Tier 2 value escrow, and an additional 981,000 resulting issuer common shares are subject to the CPC escrow agreement.

The resulting issuer is classified as an Internet games site issuer (NAICS No. 519130).

For further information, please refer to the company's filing statement dated Oct. 7, 2016, available on SEDAR.

Further to the TSX Venture Exchange bulletin dated March 3, 2015, trading in the securities of the resulting issuer will resume at the opening on Thursday, Oct. 27, 2016.

Effective at the opening on Thursday, Oct. 27, 2016, the trading symbol for the company will change from SNK.H to MIL.