eSports
GameSquare Esports Announces Upsizing of Bought Deal Private Placement Led by Canaccord Genuity
GameSquare Esports Inc., an international esports company, is pleased to announce that it has agreed with Canaccord Genuity Corp., on behalf of a syndicate of underwriters (collectively, the “Underwriter”), to increase the previously announced bought deal financing.
The Underwriters have agreed to purchase on a bought deal private placement basis, 16,700,000 subscription receipts of the Company (“Subscription Receipts”) at a price of C$0.42 per Subscription Receipt (the “Issue Price”), for aggregate gross proceeds of C$7,014,000 (the “Offering”).
The net proceeds of the Offering shall be held in escrow and will only be released to the Company on the date (the “Escrow Release Date”) on which certain escrow release conditions relating to the Company’s proposed acquisition (the “Proposed Acquisition”) of Reciprocity Corp. (“Reciprocity”) have been satisfied, including (i) written confirmation from each of the Company and Reciprocity that all conditions to the completion of the Proposed Acquisition have been satisfied or waived; (ii) the receipt of all regulatory, shareholder and third-party approvals, if any, required in connection with the Proposed Acquisition; and (iii) the Company not being in breach or default of any of its covenants or obligations under the agreements relating to the Offering and having satisfied all conditions set out in the underwriting agreement to be entered into with the Underwriters in connection with the Offering.
On the Escrow Release Date, each Subscription Receipt shall be automatically exercised, without payment of additional consideration on the part of the holder, into one unit of the Company (a “Unit”). If the Escrow Release Date has not occurred by the date that is 90 days following the closing date of the Offering, subject to that date being extended by mutual agreement between the Company and Canaccord, then the Subscription Receipts will be cancelled and the proceeds of the Offering, together with each subscriber’s pro rata share of interest thereon, will be returned to the subscribers.
Each Unit will be comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each whole Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of C$0.60 for a period of 36 months from the closing date of the Offering, subject to a Warrant acceleration right exercisable by the Company if, at any time following the date that is four months and one day from the date of the closing of the Offering, the daily volume weighted average trading price of the Company’s common shares on the Canadian Securities Exchange is greater than C$1.00 for the preceding five consecutive trading days.
The Company plans to use the net proceeds from the Offering to advance business operations in North America and Europe and for general corporate purposes. The Offering is scheduled to close on or about March 4, 2021 and is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.
The Subscription Receipts to be issued under the Offering and the securities of the Company exchanged for the Subscription Receipts upon the closing of the Transaction will be subject to a statutory hold period expiring four months and one day from the closing date of the Offering.
As consideration for their services with respect to the Offering, the Underwriters shall be entitled to (i) a cash commission of 7% of the gross proceeds raised under the Offering, and (ii) warrants of the Company (the “Broker Warrants”), exercisable for a period of 36 months following the closing date, to acquire in aggregate that number of Units which is equal to 7% of the number of Subscription Receipts sold under the Offering at an exercise price equal to the Issue Price.
SOURCE GameSquare Esports Inc.
BASILISK, the global esports organization built to champion science, announced the signing of legendary fighting game competitor Justin āJwongā Wong as captain of its newly formed Fighting Game Community (FGC) Division. Wong will lead BASILISKās entry into the FGC by recruiting players, developing community events, and creating FGC – science crossover content.
āJustin isnāt just a competitive genius ā he is a cultural icon and humble leader within the FGC. We are incredibly proud to have him leading our FGC division and support the amazing work he already does for the community,ā said BASILISK co-founder Christopher Bothur.
A nine-time Evolution Championship Series (Evo) Champion and Guinness World Record holder, Wong brings unparalleled FGC credibility and expertise to BASILISK. His reach extends across the entire FGC fandom of millions, and he was immortalized in Evo Moment #37 which has over 100 million views.
As Captain of BASILISK FGC, Wong will leverage BASILISKās data analytics to scout and train the next generation of FGC pros.
āMath is super important to fighting games. Iām excited to join scienceās esports team. Iām passionate about finding promising players with a positive mentality and shaping them into the next big thing. I want to see somebody else in the spotlight after me and help them reach their potential. If we can discover the next world champion, that would be fantastic,ā said Wong upon joining BASILISK.
The signing comes on the heels of BASILISKās new partnerships with The Planetary Society and Caltechās Institute for Quantum Information and Matter (IQIM), announced in July. These collaborations create a powerful bridge between renowned scientific institutions and gamers, which Wong will amplify to his millions of followers and fans.
āJustin is a dream addition to our organization. He exemplifies the dedication and analytical capacity required to be an esports champion or great scientist,ā added BASILISK co-founder Hans Kassier.
Wong becomes the second āGOATā (Greatest of All Time) to join BASILISK, alongside Finnish StarCraft 2 legend Joona āSerralā Sotala, who just captured the SC2 Esports World Cup Championship in July 2025. The signing also creates opportunities for cross-over content with BASILISKās diverse roster, including chess Grandmaster Vincent Keymer and award-winning science communicator Kyle Hill, who brings over 2.5 million followers and a vast network of science enthusiasts to the organization.
Nine-time Evo Champion and Guinness World Record Holder Brings Legendary Status to Captain New Team, Recruit Talent, and Advance Scienceās Role in Competitive Gaming
BASILISK, the global esports organization built to champion science, today announced the signing of legendary fighting game competitor Justin āJWongā Wong as captain of its newly formed Fighting Game Community (FGC) Division. Wong will lead BASILISKās entry into the FGC by recruiting players, developing community events, and creating FGC – science crossover content.
āJustin isnāt just a competitive genius ā he is a cultural icon and humble leader within the FGC,ā said BASILISK co-founder Christopher Bothur. āWe are incredibly proud to have him leading our FGC division and support the amazing work he already does for the community.ā
A nine-time Evolution Championship Series (Evo) Champion and Guinness World Record holder, Wong brings unparalleled FGC credibility and expertise to BASILISK. His reach extends across the entire FGC fandom of millions, and he was immortalized in Evo Moment #37 which has over 100 million views.
As Captain of BASILISK FGC, Wong will leverage BASILISKās data analytics to scout and train the next generation of FGC pros.
āMath is super important to fighting games. Iām excited to join scienceās esports team,ā said Wong upon joining BASILISK. āI’m passionate about finding promising players with a positive mentality and shaping them into the next big thing. I want to see somebody else in the spotlight after me and help them reach their potential. If we can discover the next world champion, that would be fantastic.ā
The signing comes on the heels of BASILISKās new partnerships with The Planetary Society and Caltechās Institute for Quantum Information and Matter (IQIM), announced in July. These collaborations create a powerful bridge between renowned scientific institutions and gamers, which Wong will amplify to his millions of followers and fans.
āJustin is a dream addition to our organization,ā added BASILISK co-founder Hans Kassier. āHe exemplifies the dedication and analytical capacity required to be an esports champion or great scientist.ā
Wong becomes the second āGOATā (Greatest of All Time) to join BASILISK, alongside Finnish StarCraft 2 legend Joona āSerralā Sotala, who just captured the SC2 Esports World Cup Championship in July 2025. The signing also creates opportunities for cross-over content with BASILISK’s diverse roster, including chess Grandmaster Vincent Keymer and award-winning science communicator Kyle Hill, who brings over 2.5 million followers and a vast network of science enthusiasts to the organization.
Compliance Updates
Oddin.gg Officially Registered with LOTBA as a Supplier in the City of Buenos Aires
Oddin.gg has been officially registered as a supplier by the Lottery of the City of Buenos Aires (LOTBA). This authorization clears the way for Oddin.gg to provide its end-to-end esports betting ecosystemāincluding its Odds Feed, Risk Management, BetBuilder, Widgets, and moreāto licensed operators in the City of Buenos Aires. The milestone reinforces Oddin.ggās strategic focus on supporting partners across Latin America.
LOTBA, the regulatory authority for online gaming within the Autonomous City of Buenos Aires, is well known for its rigorous compliance and technical standards. While the body manages licensing and enforcement, suppliers must undergo a formal registration process before providing services to local operators. Oddin.ggās successful registration confirms that it has met all relevant technical, financial, and compliance requirements.
Juana Bischoff, Senior Business Development Manager LATAM at Oddin.gg, said: āBeing officially registered with LOTBA marks an important step in Oddin.ggās long-term commitment to the Latin American market. Esports is gaining real traction across the region, and we want operators in Buenos Airesāand beyondāto have the tools and insight to deliver a top-tier esports betting experience. Weāre not just bringing leading technologyāweāre bringing the local expertise and regulatory awareness needed to help our partners like Betsson and Jugadon grow.ā
-
Latest News7 days agoWin Systems to showcase the future of connected gaming at the Southern Amusement & Entertainment Expo
-
Latest News7 days agoInspired Launches V-Play Football Brazil with EstrelaBet via the Altenar Sportsbook
-
Latest News7 days agoColjuegos Transfers More Than $127M to the Subsidized Health System in Colombia During H1 2025
-
Gaming7 days agoAvalanche and Helika Launch New Gaming Accelerator – Applications Now Open
-
eSports7 days agoFighting Game GOAT Justin Wong Joins BASILISK, Scienceās Esports Team
-
Latest News6 days agoGamanza Engage signs major regional agreement with Grupo Jer
-
eSports6 days agoFighting Game GOAT Justin Wong Joins BASILISK, Scienceās Esports Team
-
Latest News6 days agoWSOPĀ® PARADISE 2025 REVEALS FULL TOURNAMENT SCHEDULE WITH NEW EARLY-BIRD PACKAGES