TORONTO, Nov. 28, 2017 /CNW/ - Gaming Nation Inc. ("Gaming
Nation" or the "Company") (TSX-V:FAN), announced today the
completion of the previously announced plan of arrangement (the
"Arrangement"), whereby OC Special Opportunities Fund, LP, a
private investment fund managed by Orange Capital Ventures GP, LLC,
has acquired all of the issued and outstanding shares of Gaming
Nation for consideration equal to CAD$0.95 per share. The Arrangement, which was
announced on June 26, 2017, was
approved by the Company's shareholders at a special meeting held on
August 17, 2017.
Gaming Nation has applied to de-list the common shares from the
TSX Venture Exchange.
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 Orange Capital
Orange Capital Ventures GP, LP is a New York based investment manager in private
and public equity and debt. Mr. Daniel
Lewis, founder and Managing Partner, was the Managing
Partner and Chief Investment Officer of Orange Capital, LLC, from
2005-2016. Orange Capital, LLC was an event driven investment fund
with over $1 billion in assets under
management. Other principals of Orange Capital include Ankur Dharia and Rhea
Persaud, who were both previously employed by Orange
Capital, LLC.
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.