TORONTO, Nov. 15, 2017 /CNW/ - Gaming Nation Inc. ("Gaming
Nation" or the "Company") (TSX-V:FAN) is pleased to provide an
update regarding the closing of the previously announced plan of
arrangement (the "Arrangement") pursuant to which OC Special
Opportunities Fund, LP (the "Purchaser"), a private investment fund
managed by Orange Capital Ventures GP, LLC, has agreed to acquire
all of the issued and outstanding shares of Gaming Nation for
CAD$0.95 in cash per share.
The Company and the Purchaser continue to make substantial
progress regarding the required regulatory approvals and it is
currently expected that the Arrangement will be completed prior to
the end of November 2017, subject to
the satisfaction or waiver of the remaining conditions of
closing.
Shareholders who have questions or require assistance with
submitting their shares to the Arrangement may direct their
questions to Computershare Trust Company of Canada, who is acting as depositary under the
Arrangement, toll free at 1-800-564-6253 or within Canada at 1-514-982-7555 or by email at
corporateactions@computershare.com. Further information regarding
the Arrangement is available in the management information circular
of the Company dated July 19, 2017,
which is available under Gaming Nation's profile on SEDAR at
www.sedar.com.
About Gaming Nation
Gaming Nation Inc. (TSX-V:FAN) provides technology and
information platforms to the sports and entertainment industry. The
Company's platforms include 5050 Central, an electronic real-time
raffle system, BD Sport Group, providing in-stadium betting in the
UK football market, and sports information websites Fantasy Guru,
Fantasy Guru Elite and Pick Nation.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Gaming Nation Inc.