Victory Square Portfolio Company, GameOn Entertainment Technologies Inc. Receives Conditional Approval to List Under The Symbol CSE: GET
Victory Square Technologies announced that its portfolio company, GameOn Entertainment Technologies, has received conditional approval for trading under the symbol CSE:GET on the Canadian Securities Exchange. GameOn, which specializes in gamification for sports and entertainment, aims to enhance user engagement across various platforms. The company recently secured $5.8 million in financing and has made key leadership appointments. Victory Square is proposing a dividend distribution of GameOn shares to its shareholders, aiming to maximize value.
- GameOn received conditional listing approval from the CSE under CSE:GET.
- GameOn secured $5.8 million in oversubscribed financing.
- GameOn appointed industry leaders to its board, including J Moses from Take-Two Interactive.
- GameOn's leadership includes experienced professionals from major companies like Apple and EA Sports.
- None.
- GameOn Entertainment Technologies Inc. ("GameOn") to commence trading under the symbol CSE: GET following conditional approval from the Canadian Securities Exchange (CSE).
- GameOn has filed a final prospectus and necessary documents with the British Columbia Securities Commission (BCSC).
- Victory Square Technologies previously announced a dividend of shares of GameOn to Victory Square shareholders. Further details to follow.
VANCOUVER, British Columbia, May 14, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square" or "VST") (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that its portfolio company GameOn Entertainment Technologies Inc. (“GameOn”) has received conditional listing approval from the Canadian Securities Exchange (“CSE”) and will list and trade under the symbol CSE:GET. Listing is subject to GameOn fulfilling the final listing conditions of the CSE.
Founded in 2018, GameOn empowers sports and entertainment content providers with the world's simplest and most accessible gamification platform. Whether it’s supporting TV networks, OTT platforms, sportsbooks or leagues, GameOn helps partners turn their content — everything from sports to reality TV — into interactive and social experiences via mobile and TV apps.
The CSE conditional listing approval is another major milestone for GameOn as it has seen substantial growth over the past twelve months. GameOn previously announced:
- An oversubscribed financing of
$5.8 million dollars - A stellar board led by the appointment of industry veteran J Moses (Take-Two Interactive) as Chairman. Other notable Board members include Liz Schimel (Apple News, Conde Nast), Carey Dillen (YYoga, Boston Pizza) and GameOn CEO and Founder Matt Bailey (Brooklyn Nets, Barclays Center).
- Industry leaders serving as advisors include: Mike Vorhaus (Vorhaus Ventures), Tim Cahill (CSO Aspire Academy, Professional Athlete), Sean Hurley, and Sabrina Carrozza (Sabrina LCP Communications).
- Hiring of Santiago Jaramillo as Vice President of Product (building FIFA at EA Sports and also leading development of NBA Top Shot at Dapper Labs).
- Hiring of Ivan Soto as Engineering Manager (Ask Media Group owners of “Ask Jeeves” and others).
"We are thrilled to announce our conditional approval from the Canadian Securities Exchange for listing under our symbol 'GET'," said GameOn CEO Matt Bailey. “This public listing will enable our company and team to launch all systems 'GO' as we look to disrupt the sports, television and live event fan viewing experience, and gaming marketplace.”
Victory Square Technologies is also pleased to announce that in conjunction with the Company’s vision to maximize shareholder value, the board of directors has approved a strategic dividend reward initiative to unlock the intrinsic value of GameOn by proposing a distribution of a portion of the common shares of GameOn currently held by the Company to shareholders of the Company. Further details regarding the dividend record date and payment date will be announced in the near future.
“Our ongoing mission is to facilitate growth for our portfolio companies and incubate them from birth through to stand alone public listings as shown by the Company’s latest portfolio GameOn (GET). This incubated spin off of GameOn will provide value to our stakeholders,” said VST CEO Shafin Diamond Tejani. “Our Board along with myself and our Executive team believe that this strategic dividend reward with GameOn is in direct alignment with our vision to provide a strong recurring return on investment for our stakeholders. Our Team and Board at VST are very excited at the latest conditional listing of GameOn that follows in the footsteps of our successful launch in May of 2020 of our portfolio company FansUnite (CSE:FANS).”
On behalf of the Board of Directors
“Shafin Diamond Tejani”
Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com
For further information about Victory Square, please contact:
Investor Relations
Contact – Edge Communications Group
Email: ir@victorysquare.com
Telephone: 604 283-9166
Media Relations
Contact – Howard Blank, Director
Email: howard@victorysquare.com
Telephone: 604-928-6066
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST's sweet spot is cutting-edge tech that's shaping the 4th Industrial Revolution. Our corporate portfolio consists of 20 global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
What we do differently for startups
VST isn't your ordinary investor. With real skin in the game, we're committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.
What we do differently for investors
VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF). For investors, we offer early-stage access to the next unicorns before they're unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we're able to provide strong and stable returns while also tapping into emerging global trends with big upsides.
For more information, please visit www.victorysquare.com
Forward Looking Statement
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
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