20:33:50 EDT Thu 30 Mar 2023
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or Name

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X1 Entertainment Group Inc
Symbol XONE
Shares Issued 47,244,158
Close 2023-03-17 C$ 0.02
Recent Sedar Documents

X1 Entertainment sells ShiftRLE assets

2023-03-17 18:13 ET - News Release

Mr. Adam Giddens reports


X1 Entertainment Group Inc. has entered into an asset purchase agreement (the APA), pursuant to which the company has sold, as of immediate effect, all assets related to ShiftRLE. ShiftRLE is an on-line rocket league community, which has incorporated the assets of previously acquired Octane.gg, to form an updated user experience on shiftrle.gg. The purchasers are the prior owners of ShiftRLE, and the primary service providers to the company in respect of the operations of ShiftRLE. In connection with the transaction, the purchasers have satisfied the purchase price by forgoing any rights to termination payments or otherwise in connection with their consulting agreements with X1, for an aggregate value to the company of $35,250 (U.S.).

About X1 Entertainment Group Inc.

X1 Entertainment Group is a portfolio company targeting assets across the gaming, e-sports, media and entertainment industries, and currently holding X1 Talent, a boutique talent management group for digital content creators. Based in Vancouver, B.C., the company is publicly traded on the Canadian Securities Exchange under the ticker symbol (CSE: XONE).

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