Mr. Scott Burton reports

FANSUNITE ENTERTAINMENT ANNOUNCES UP TO APPROXIMATELY $5.0 MILLION BROKERED PRIVATE PLACEMENT OF SPECIAL WARRANTS LED BY GRAVITAS SECURITIES INC.

Fansunite Entertainment Inc. has entered into an agreement with Gravitas Securities Inc. as sole agent and sole bookrunner in connection with a marketed commercially reasonable best effort private placement offering of special warrants of the company at a price of 62.5 cents per special warrant, for gross proceeds of up to approximately $5-million. The initial closing date is expected to be on or about the week of Jan. 11, 2021, and the offering may be completed in one or more closings at the discretion of the lead agent.

Each special warrant shall be exercisable, for no additional consideration at the option of the holder, into one unit of the company, with each unit being composed of one common share of the company and one-half of one non-transferable common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at an exercise price of 78 cents per warrant share for a period of 24 months after closing.

The company has granted the lead agent, as well as any other investment dealers or exempt market dealers agreeable to the company that form a syndicate of agents with the lead agent, an option to offer for sale up to an additional $750,000 of special warrants issued pursuant to the offering to cover any overallotments, exercisable in whole or in part, at any time within 30 days following the closing date.

The net proceeds raised under the offering will be used for working capital and general corporate purposes.

As soon as reasonably practicable after the closing, the company will prepare and file with each of the securities regulatory authorities in each of the provinces of British Columbia, Alberta, Manitoba and Ontario, and obtain a receipt for, a final short-form prospectus, qualifying the distribution of the securities issued pursuant to the offering, in compliance with applicable securities law, within 60 days from the closing of the offering.

In the event that the company has not received a receipt for the final prospectus within 60 days following the closing, each unexercised special warrant will thereafter entitle the holder thereof to receive upon the exercise thereof, at no additional consideration, 1.10 units (instead of one unit), provided that nothing shall require the company to issue fractional units or common shares and warrant shares underlying such units, and any fractions resulting from the application of the penalty ratio shall be rounded down to the nearest whole number.

About Fansunite Entertainment Inc.

Fansunite is a global sports and entertainment company, focusing on technology related to regulated and lawful on-line gaming and other related products. Fansunite has produced a one-of-a-kind complete iGaming platform, with a sports and e-sports focus geared for the next generation of on-line bettors and casino players. The platform includes products for prematch betting, in-play betting, daily fantasy, content and a certified RNG to produce casino-style chance games. The platform operates multiple B2C (business-to-consumer) brands and B2B (business-to-business) software for the on-line gambling industry. Fansunite also looks to acquire technology platforms and assets with high-growth potential in new or developing markets.

We seek Safe Harbor.