03:56:01 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Gamelancer Media Corp
Symbol GMNG
Shares Issued 443,344,694
Close 2023-05-31 C$ 0.105
Market Cap C$ 46,551,193
Recent Sedar Documents

Gamelancer Media receives conditional OK to list on TSX

2023-06-01 11:39 ET - News Release

Mr. Jon Dwyer reports

GAMELANCER MEDIA RECEIVES CONDITIONAL APPROVAL TO LIST ON THE TORONTO STOCK EXCHANGE (TSX)

Gamelancer Media Corp. has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX). Uplisting from the Canadian Securities Exchange (CSE) to the TSX is an important milestone for the company and will provide the business with greater access to family office and institutional support in the open market.

"Uplisting to the TSX will enhance liquidity by expanding our reach to a broader range of domestic and international investors. Listing on Canada's most senior exchange makes it easier for institutions and family offices to support Gamelancer, many of whom have self-imposed restrictions on trading securities on a junior exchange," says Max Desmarais, chief business officer Gamelancer Media.

The final approval of the listing is subject to Gamelancer Media fulfilling certain customary conditions mandated by the TSX. Once these conditions are met, the company will promptly issue a press release, providing details about the anticipated date for the commencement of trading of Gamelancer Media's common shares on the TSX. Upon successfully meeting the final listing requirements, the common shares of the company will be delisted from the CSE.

Gamelancer wants to assure its shareholders that no action is required on their part regarding the TSX listing. There will be no changes to the trading symbol or Cusip for the common shares, and shareholders will not be asked to exchange their share certificates.

"We are excited to list on the TSX, and better equip the company to grow a larger institutional, family office and retail constituency of shareholders. Trading on the TSX does not require Gamelancer to conduct a share consolidation. Optionality was provided to shareholders to vote for or against allowing the company to conduct a share consolidation; however, management and insiders, who collectively hold over 59 per cent of outstanding common shares, intend to vote no to consolidation at the upcoming AGM in June," said Jon Dwyer, chairman and chief executive officer of Gamelancer Media. "With a client list growing in Canada, the U.S., Australia and the U.K., Gamelancer trading on a senior exchange allows the company a better vantage point to win market share in the digital ad sector. Television ad budgets are migrating to digital ad budgets on TikTok, Snap, Instagram at an accelerated pace. Ad spend on digital channels, much like television, is designed to reach a target demographic, and Gamelancer owns one of the largest digital Gen Z and young Millennial communities on TikTok, Snapchat and Instagram."

About Gamelancer Media Corp.

Acquired by Wondr Gaming, Gamelancer Media is a media and entertainment company producing short-form video content for brands, with broadcast on its owned and operated TikTok, Snapchat and Instagram channels. Gamelancer Media will focus on developing new brand, agency and creator relationships and new opportunities for existing associates through its strategic partnerships with TikTok North America, Snap Inc. and Dubit, a U.K. game developer. The media company currently works with companies such as Samsung, Belkin, Celsius and several other notable brands. The company produces and distributes content across its 54 owned-and-operated channels to over 40 million followers and subscribers, generating over two billion monthly video views and growing by over 1.5 million new followers monthly. A majority of the Gamelancer's audience are located in the United States, Canada, the United Kingdom and Australia.

With advanced user data analytics, Gamelancer provides its audience with content relevant to the Gen Z and Millennial respective communities. Gamelancer owns the largest gaming media inventory on TikTok. Gamelancer also monetizes across its Snapchat Discover channels in partnership with Snapchat.

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