Playmaker Capital Inc. Files Final Base Shelf Prospectus

Rhea-AI Summary

Playmaker Capital Inc. (TSX-V: PMKR) has filed a final short form base shelf prospectus in Canada, allowing it to issue up to CAD$75 million in various securities over a 25-month period. The company plans to use the proceeds for growth strategies, including acquisitions and enhancing existing brands. However, there is no guarantee any securities will be sold during this time. This announcement does not constitute an offering in the United States or any unlawful jurisdiction.

Positive

• Filed a final short form base shelf prospectus allowing issuance of securities up to CAD$75 million.
• Proceeds intended for growth strategy including acquisitions and brand enhancement.

Negative

• No certainty that any securities will be sold under the prospectus.
• Market conditions will dictate terms and prices for any potential securities.

TORONTO--(BUSINESS WIRE)-- Playmaker Capital Inc. (TSX-V: PMKR) (“Playmaker”), the digital sports media company that delivers authentic content experiences through its portfolio of sports media and technology brands, announced today that it has filed and obtained a receipt for its final short form base shelf prospectus with the securities commissions in each of the provinces of Canada, other than Quebec.

The final short form base shelf prospectus (the “Shelf Prospectus”) is valid for a 25-month period, during which time Playmaker may issue common shares, preferred shares, units, debt securities, subscription receipts and warrants (the “Securities”) in amounts, at prices and on terms based on market conditions at the time of sale and set forth in an accompanying prospectus supplement (“Prospectus Supplement”), for an aggregate offering amount of up to CAD$75,000,000.

Unless otherwise specified in a Prospectus Supplement, Playmaker intends to use the net proceeds from the sale of Securities to continue to pursue its growth strategy, which includes, among other things, consideration payments for future acquisitions and to enhance organic growth of Playmaker’s existing brands. Each Prospectus Supplement will contain specific information concerning the use of proceeds from that sale of Securities. There is no certainty that any Securities will be offered or sold under the Shelf Prospectus within the 25-month period.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The Securities referred to in this news release may not be offered or sold in the United States absent registration or an applicable exemption from registration. A copy of the Shelf Prospectus can be found on SEDAR at www.sedar.com.

TSX VENTURE EXCHANGE DISCLAIMER
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Playmaker’s current expectations regarding future events. The words “will”, “expects”, “anticipates”, “believes”, “plans”, “intends” and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by Playmaker to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, risks related to the offering or sale of Securities pursuant to the Prospectus, risks related to changes in general economic, business and political conditions, the completion of the transactions contemplated in this press release in the manner anticipated and those factors discussed in greater detail under the “Risk Factors” sections in the Prospectus and in Playmaker’s annual information form for the year ended December 31, 2021, both of which are available under our profile on SEDAR at www.sedar.com, and should be considered carefully by prospective investors. Playmaker undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

ABOUT PLAYMAKER
Playmaker Capital Inc. (TSX-V: PMKR; OTC: PMKRF) is a digital sports media company that lives at the intersection of sports, gambling, media and technology. Playmaker is building a premier collection of sports media brands, curated to deliver highly engaged audiences of sports fans to sports betting companies, leagues, teams and advertisers.

For more information, visit: http://www.playmaker.fans or contact Playmaker Chief Executive Officer Jordan Gnat via email jgnat@playmaker.fans. |T: (416) 815-4993.

To sign up for Playmaker’s Investor Alerts, visit: playmaker.fans/investors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220421006121/en/

MEDIA CONTACT

Wojtek Dabrowski - E: Wojtek@providentcomms.com | T: (+1) 647-825-5009

Derek Holota – E: Derek@providentcomms.com | T: (+1) 343-422-5606

Eric Emin Wood - E: ericemin@providentcomms.com | T: (+1) 647-222-2150

Source: Playmaker Capital Inc.

FAQ

What is the significance of Playmaker Capital Inc.'s filing of a shelf prospectus?

The shelf prospectus allows Playmaker to issue up to CAD$75 million in securities over the next 25 months, providing flexibility for future funding.

How will Playmaker Capital Inc. use the proceeds from the shelf prospectus?

The proceeds will be used to support growth strategies, including acquisitions and enhancing existing brands.

What securities can Playmaker Capital Inc. issue under the shelf prospectus?

Playmaker can issue common shares, preferred shares, units, debt securities, subscription receipts, and warrants.

Is there a guarantee that Playmaker Capital Inc. will sell securities during the 25-month period?

No, there is no certainty that any securities will be sold under the shelf prospectus.

Are the securities being offered by Playmaker Capital Inc. available in the United States?

No, the offering does not constitute an offer in the United States or any unlawful jurisdiction.