This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Stockwatch Business Reporter
The TSX Venture Exchange gained 4.85 points to close at 498.26 Thursday.
Mohammad (Mo) Fazil's second capital pool shell, Elephant Hill Capital Inc. (EH: halted), plans to acquire
Esports Ltd., doing business as Luckbox, for the shell's qualifying transaction. The shell will roll back 1 for 4.2, leaving it with 1,666,666 shares issued, then issue 32,200,142 shares to its target's shareholders.
Luckbox operates a betting website for e-sports (competitive video gaming). On the website, users can watch e-sports matches, place bets before or during matches, view statistics, and chat with other users. They can finance their bets using credit cards or cryptocurrencies. Luckbox was founded by Mike Stevens and Lars Lien in 2016. Mr. Stevens lives in Sydney, Australia. From 2007 to 2012, he worked for the on-line poker operator PokerStars Inc., in positions including game integrity manager, poker specialist team manager and collusion team manager. He has since been a self-described professional gambler. His Luckbox co-founder, Mr. Lien, lives in Malta. He worked at PokerStars from 2008 to 2015, in positions including tech support manager, operations manager and promotions manager.
The remainder is available to Stockwatch subscribers.
© 2020 Canjex Publishing Ltd. All rights reserved.