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Wondr Gaming Corp
Symbol WDR
Shares Issued 163,410,545
Close 2021-12-06 C$ 0.19
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Wondr Gaming arranges $10-million private placement

2021-12-06 11:48 ET - News Release

Mr. Max Desmarais reports

WONDR GAMING ANNOUNCES NON-BROKERED FINANCING UP TO $10,000,000 LED BY MAX DESMARAIS AND THE CHRACOPYRIGHTTIEN-DESMARAIS FAMILY

Wondr Gaming Corp. intends to raise up to $10-million through the issuance of up to 50 million units at a price of 20 cents per unit in a non-brokered private placement financing, led by Max Desmarais and the Chretien-Desmarais family. Each unit will consist of one common share and one-half common share purchase warrant. Each warrant is exercisable into one additional common share at a price of 30 cents for a period of 24 months from the closing date.

A finder's fee may apply to a portion of the proceeds raised under the private placement. All securities issued pursuant to the private placement will be subject to a four-month hold period from the date of issue. Proceeds from the private placement will be used by the company for general working capital purposes and the potential acquisition of strategic assets.

"Having built and recently sold a multichannel network with over three billion monthly views and 200 million plus subscribers, I was keen to bring all that I have learned growing a multinational media business to a new venture. The opportunity to join the Wondr Gaming team as chief strategy officer earlier this year has proven to be a very wise choice. Our product is continually growing, and we are working with some significant brands, helping them understand and market to the global gaming audience. I very much look forward to joining the Wondr Gaming board of directors, and my family and I are excited to lead this financing, thereby equipping Wondr with the ability to continue to grow," said Max Desmarais, chief strategy officer and director of Wondr Gaming.

"As an entertainment company focused on engaging the GenZ and Millennial gaming audience, we are developing a strategic M&A strategy for 2022, that is informed by the experience that our tenured management team brings to the table. To have the full support of the Chretien-Desmarais family leading this financing, and with Max Desmarais as our chief strategy officer, we greatly look forward to executing on our acquisition strategy and building Wondr into the industry leader in gaming focused multichannel media and original curated content," said Jon Dwyer, chairman and chief executive officer (CEO), Wondr Gaming.

About Wondr Gaming Corp.

Wondr Gaming, a publicly traded entertainment company on the Canadian Securities Exchange, builds partnerships and fosters community within the esports, professional sports, and music industries through loyalty and rewards, NFTs and its growing media business. Wondr Gaming generates revenue through brand partnerships hosted on its loyalty platform, the sale of NFTs focused on esports, professional sports and the music industry, and through direct media sales hosted on its variety of partner platforms.

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