Mr. Darius Eghdami reports
FANSUNITE ENTERTAINMENT INC. BEGINS TRADING ON THE CANADIAN SECURITIES EXCHANGE UNDER TICKER SYMBOL "FANS"
Fansunite Entertainment Inc. has begun trading on the Canadian Securities Exchange under the ticker symbol FANS, effective May 5, 2020.
The company completed a subscription receipt offering on March 18, 2020. Under the terms of the financing, Fansunite issued 8,948,326 common shares at 35 cents for a total of $3,131,918. Further, on March 26, 2020, the company successfully completed its acquisition of McBookie Ltd., a leading United Kingdom white-label sportsbook and casino that caters to the Scottish market.
"Today marks a major milestone for Fansunite as we begin trading on the Canadian Securities Exchange," said Darius Eghdami, chairman and chief executive officer of Fansunite. "In preparation to scale our business, we have assembled an experienced team with strong industry expertise, invested in new and innovative technology, while completing our first acquisition of McBookie. With our public listing completed, we look forward to executing on our company vision through both organic and acquisitive growth."
For further details of the company and the listing transaction, please refer to the non-offering prospectus of the company dated March 30, 2020, which is available on SEDAR.
We seek Safe Harbor.
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