cricket betting quotesReact Gaming settles remaining obligations to acquire LOOT.BET
MONTREAL, Dec. 12, 2022 (GLOBE NEWSWIRE) — React Gaming Group Inc. (“React Gaming” or the “Corporation”) (TSXV: RGG, OTCQB: ITMZF) announces that it has entered into a debt settlement and release agreement dated December 9, 2022 (the “Debt Settlement”), to settle the debts and obligations outstanding in connection with the previously announced acquisition of Livestream Gaming Ltd. (“Livestream”), parent company of LOOT.BET.
Under the terms of the share purchase agreement (the “SPA”) between React Gaming and the vendors of Livestream (the “Vendors”) entered into in respect of the acquisition of Livestream, the Corporation agreed to issue a $4,000,000 secured vendor take back note (the “Note”) in favour of the Vendors bearing 12% interest from the date of any default (a first tranche of $2,000,000 maturing on the ninth month following the closing date, and the balance on the eighteenth month following the closing date). Pursuant to the terms of the Debt Settlement agreement, the parties have agreed to settle the amounts outstanding under the Note and release each other from their respective obligations under the SPA in consideration that Corporation has agreed to pay the Vendors $200,000, upon the sale of any assets of the Corporation, or the closing of a future financing, and by no later than April 9, 2023.
“This transaction is an important milestone for React Gaming, as it will eliminate all remaining obligations in regard to the LOOT.BET acquisition and improve our balance sheet. It will also enable us to fully benefit from our new B2B market initiatives, namely with HHRP in the Philippines and any future developments planned for this promising asset,” said Leigh Hughes, CEO of React Gaming.
One of the Vendors, Piotr Zhalau, is a “related party” (as such term is defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”)) of the Corporation, and therefore the Debt Settlement constitutes a related party transaction as defined in MI 61-101. The Debt Settlement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the amounts owed to Piotr Zhalau nor the consideration payable to Piotr Zhalau exceeds 25% of the Corporation’s market capitalization.
About React Gaming Group
React Gaming Group (TSXV: RGG) (OTCQB: ITMZF) is a publicly traded holding company that stands at the forefront of the esports and iGaming industry. By investing in innovative technologies that enhance tournaments, teams, and wagering, we provide our users with gaming platforms that produce non-stop action, exciting outcomes, and unparalleled enjoyment. Through the use of intelligent data, we also connect our sponsors to robust communities within the rapidly evolving industry, ensuring maximum engagement and substantial reward. For more information, please visit us at reactgaming.ca and follow us on LinkedIn, Twitter, Instagram and YouTube.
Forward-looking statements
This news release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations, and include but are not limited to the statements regarding the completion of the Private Placement, payment of a finder’s fee in connection with the Private Placement, the securities to be issued under the Private Placement, closing the Private Placement in tranches, the offering jurisdictions of the Private Placement, effecting the Share Consolidation, mailing of the information circular, and receipt of approval from the TSXV with respect to the Private Placement and Share Consolidation. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. The Corporation’s statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of the Corporation’s control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Corporation’s activities, including: that the Corporation’s assumptions in making forward-looking statements may prove to be incorrect; general adverse market conditions and competition; the inability to finance operations and/or obtain any future strategic investment necessary to implement new technologies; the inability to build a sustainable, conscientious company with a stronger presence online through new products in esports and gaming; the inability to obtain, or maintain, gaming license(s); and that market conditions related to the COVID-19 pandemic may negatively affect the outcome of the business or operations of the Corporation, including its results and financial condition. Except as required by securities law, the Corporation does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
REACT GAMING GROUP INC.
Leigh Hughes
1-514-861-1881
info@reactgaming.ca
Source: React Gaming Group Inc.2022 GlobeNewswire, Inc., source Press Releases – Canada
cricket betting quotesScommesse Sportive Online
NetBet scommesse online, tutte le migliori quote sport.
NetBet Scommesse è il posto ideale dove scommettere sui maggiori eventi sportivi perchè è un sito affidabile, certificato e autorizzato da ADM e garantisce la sicurezza delle tue transazioni. Presente sul mercato da anni, NetBet può sicuramente ritenersi una tra le maggiori piattaforme legate al gioco delle scommesse cricket betting quotesScommesse Sportive Online sportive grazie ad un Palinsesto in costante aggiornamento.
cricket betting quotesTop 100 Cricket Quotes From The Best Players Of The World
Are you excited about the game? Do you love the style of your favorite player?
If YES, then you must be a diehard fan of cricket. Indeed, cricket is such an interesting and eye-captivating game that you will love to watch and play it. Playing cricket will never bore you, no matter what’s your age, no matter whether you are on holiday or on a weekday, you will love to spend your time watching it.
It all began in the late 16th century. The game of cricket originated in South-East England. And it became the national sport of the country in the 18th century. The current status of the game is that it is the World’s Second Most Popular Spectator Sport after football.
Starting from International matches one-day, test cricket and now the most popular form of IPL i.e. Indian Premier League is what all people are fond of. The first international game of cricket was played between the US and Canada in 1844. India played its first game against England in 1932, which was led by CK Naidu. In those days CK Naidu and Ranjit Sinhji were the most famous cricketers in India. And this list of cricketers is endless.
Nowadays it can be seen that special screenings and premiers are held at various places so that the general public can enjoy seeing the game on a large big screen. People are so crazy about the game that they design themselves in the cricket fever. Some try to get tattoos of their favorite player, some try to copy the style of their favorite cricketer. And this cricket fever is heavy on everyone.
“Cricket Is Life… Everything Else Is Just a game.”
“I was always fiercely determined and driven to succeed.” ― Ricky Ponting
“When people throw stones at you, you turn them into milestones.”?― Sachin Tendulkar
“If you play good cricket, a lot of bad things get hidden.” ― Kapil Dev
“I feel when somebody has been playing cricket for a long time, he creates a separate identity for himself.”?― Sachin Tendulkar
“I have failed at times, but I have never stopped trying.”?― Rahul Dravid
“A captain sees you differently from the way you see yourself.” ― Sourav Ganguly
“I like to make statements on the field.” ― MS Dhoni
“Cricket is the most important thing to me, so the rest of it pales in comparison.” ― Virat Kohli
“You don’t play for the crowd. You play for the country.”
Cricket is something we all are crazy about. It is a sport that enables us to feel motivated and inspired by the playing style and leadership qualities of our favorite players. The game of cricket is all about sportsmanship and the way how to lead the team and become the champion.
As everyone would expect, the second most amazing Sports type has a huge crowd and fan base. These fans are very often looking for the opportunity to learn more about the teams and place a bet.
Today the game has reached all the platforms and from small towns to big cities. The game has become so popular that a small kid of just 3-4 years is fond of having a bat and ball in hand and rushing out to play the game. Even the parents are encouraging their kids to enrol in the game and become the best champion. So why not lead this game from one generation to the next. Share out the best of Cricket Players with your beloved ones, family, and friends.
Recommending Reading:-
Lionel Messi Quotes About Living A Successful Life
Basketball Player Michael Jordan Quotes About Secrets
Quotes from Athletes and Sportsmen to Help You Win a Losing Game
cricket betting quotesScommesse Sportive Online
Which are your favorite Cricket Quotes? Leave a comment below.
