Intema files Filing Statement in connection with Livestream Gaming acquisition
04 Abril 2022 - 11:33AM
Intema Solutions
Inc. (“
Intema” or the
“
Corporation”) (TSXV: ITM, OTCMKTS: ITMZF) is
pleased to announce the filing on SEDAR of the filing statement in
connection with the acquisition of Livestream Gaming Ltd
(“
Livestream”). The TSX Venture Exchange shall
publish today the final exchange bulletin announcing the closing of
the transaction (the “
TSXV Bulletin”). With the
publication of the TSXV Bulletin, the funds and common shares of
the Corporation previously held in escrow shall be released to the
Corporation and Livestream, as applicable.
“We can now build on the momentum of our
LOOT.BET online betting platform to market it to its full
potential. With the help of our emerging ecosystem, our Isle of Man
license and our strategy to expand into new markets, LOOT.BET has
the potential to grow significantly more,” said Laurent Benezra,
President and CEO of Intema.
Name change to React Gaming Group
Inc.
Intema Solutions Inc. will change its name to
React Gaming Group Inc., effective on or about April 11, 2022 (the
"Effective Date"). It is expected that the common
shares of the Corporation will commence trading under the new name
on the TSX Venture Exchange with the new trading symbol RGG at
market open on or about the Effective Date. The Corporation's new
CUSIP number will be 75526E106 and the new ISIN will be
CA75526E1060. There is no consolidation or change in the share
capital. Management considers it important that the name of the
Corporation be associated with its current activities in esports
and iGaming.Common share certificates bearing the previous company
name Intema Solutions Inc. continue to be valid in the settlement
of trades and will only be replaced with certificates bearing the
new name upon transfer. The Corporation is not requesting, and
shareholders are not required to, exchange their existing share
certificates for new certificates bearing the new company
name.Reconciliation of Livestream results with
IFRSIn Livestream preparing its IFRS statement of
financial position and income statement and other comprehensive
income, certain adjustments to amounts previously reported by the
Corporation were made. Further to its press release issued on
February 18, 2022, the Corporation completed the finalization of
the financial statements of Livestream that now show a net loss for
2021 of 416,940 euros as opposed to the previously expected net
loss of 173,818 euros (net loss of 279,375 euros for 2020 as
opposed to the previously expected net loss of 113,808
euros).Private placement finders’ fees
correctionFurther to the numbers contained in the February
18, 2022 press release, Intema has provided an update for the
correct aggregate amount of $385,195.30 cash fee and 1,023,921
finders warrants issued to finders in connection with the closing
of the private placement. The terms of the finders warrants remain
the same.About LOOT.BETLOOT.BET is one of the
global leaders in esports betting, with a focus on live betting and
online gaming and building an exceptional product for its 450,000+
registered users. Supported by a professional operational and
software development team of over 50 employees, LOOT.BET is
world-renowned not only as an established and reliable esports
betting platform but also as a supporter of the esports industry.
It is a regular sponsor of notable professional tournaments and
teams and a partner of leading esports operators, studios and
bright esports talents and influencers. It is also a proud
supporter of the anti-corruption esports Integrity Commission,
helping the organization combat match-fixing and betting fraud,
thereby contributing to the development and maturing of both the
esports and the esports betting industries. For more information,
please visit LOOT.BET.About IntemaIntema Solutions
Inc. is the emerging world leader in the esports and iGaming
industry. Our mission is to bring the excitement of esports betting
to the entire world through fully licensed, secure online
platforms. Our ecosystem consists of subsidiaries in esports,
iGaming, product branding, digital advertising and marketing
campaign design that are all complementary drivers of our future
revenue growth. For more information, please visit our corporate
website at intema.ca.ContactLaurent
BenezraPresident and
CEO514-861-1881info@intema.caForward-Looking
StatementsThis press release contains certain
“forward-looking information” and “forward-looking statements”
(collectively, “forward-looking statements” within the meaning of
applicable Canadian securities laws. All statements, other than
statements of historical facts, included in this press release,
including, without limitation, those regarding the Private
Placement; the expected development of the Corporation’s business
and projects; execution of the Corporation’s vision and growth
strategy; sources and availability of financing for the
Corporation’s projects; and future liquidity, working capital, and
capital requirements, are forward-looking statements. Although the
forward-looking statements in this press release are based upon
what management of the Corporation believes are reasonable
assumptions, they are inherently subject to significant business,
economic and competitive uncertainties, and contingencies, and
there can be no assurance that they will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Forward-Looking statements can
generally 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. Forward-looking statements in this
press release relate to, among other things, statements relating to
the terms of the Private Placement and the terms of the Proposed
Transaction; Intema’s future outlook and anticipated events or
results; and the completion of the Private Placement and the
Proposed Transaction. Actual future results may differ materially.
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
Private Placement and the Proposed Transaction, 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. The Corporation undertakes no obligation to
update forward-looking statements except as required by applicable
securities laws. The reader is cautioned not to place undue
reliance on forward-looking statements.Neither 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.
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