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Wondr Gaming Corp
Symbol WDR
Shares Issued 163,410,545
Close 2022-01-27 C$ 0.165
Recent Sedar Documents

Wondr Gaming closes $7.08M first tranche of financing

2022-01-27 17:30 ET - News Release

Mr. Jon Dwyer reports

WONDR GAMING ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT OF UNITS

Wondr Gaming Corp. has closed the first tranche of its previously announced non-brokered private placement through the issuance of 35.43 million units at a price of 20 cents per unit for aggregate gross proceeds of $7,086,000. Each unit comprises one common share and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at an exercise price of 30 cents per common share for a period of 24 months from the closing of the offering. The net proceeds of the offering will be used by the company for working capital, general and administrative costs, and potential strategic acquisitions.

In connection with the closing of the first tranche of the offering, the company paid certain eligible persons a cash commission of $249,270 and issued 1,228,850 broker warrants. Each broker warrant entitles the holder thereof to acquire one common share at an exercise price of 20 cents per common share for a period of 24 months from the closing of the offering.

All securities issued pursuant to the offering are subject to a four-month hold period from the date of closing of the offering. The company anticipates closing an additional tranche of the offering in early February, 2022.

The offering constituted a related party transaction as defined in Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions, as an insider of the company acquired an aggregate of 10 million units. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101, as the company is not listed on a specified market and the fair market value of the units being issued to insiders in connection with the offering does not exceed $2.5-million, as determined in accordance with MI 61-101. The company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the offering, which the company deems reasonable in the circumstances in order to complete the offering in an expeditious manner. The offering was approved by all independent directors of the company.

About Wondr Gaming Corp.

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

We seek Safe Harbor.

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