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.
The Global Esports Federation at its 16th Board Meeting approved the draft program for the Los Angeles 2026 Global Esports Games, to be held in December 2026. This follows the earlier announcement of Los Angeles as host city at a major ceremony hosted by Los Angeles Times Media Group Executive Chairman & CEO Dr. Patrick Soon-Shiong, Los Angeles Mayor Karen Bass, and El Segundo Mayor Chris Pimentelânow marking a significant milestone on the road to GEFâs flagship event in the United States.
The GEF Board also unanimously elected Paul J. Foster as President of the Global Esports Federation. Paul, who is GEF Chief Executive Officer, was appointed President ad interim following the resignation of founding President Chris Chan in July, and now assumes the role of President & CEO through December 2027.
In addition, the GEF Board approved the establishment of frameworks to develop the esports ecosystem in the United States, anchored in Los Angeles. This initiative will strengthen the GEFâs connections with stakeholders worldwide and reinforce its mission to elevate esports for all.
The outcomes of GEF 16th Board Meeting reaffirm the GEFâs role as a convening platform, uniting athletes, publishers, Member Federations, and partners to power the future of esports globally.
- Team Vitality launches 2025 Alternate Jersey and an exclusive apparel collection, bringing a new level of energy and excitement for fans.
- The jersey, featuring a white base with red and blue accents, pays homage to the French flag and will be worn by all Team Vitality athletes at major esports events taking place in France later this year, including the Rocket League Worlds and EVO Nice.
- The Alternate Jersey is available today for âŹ79.99, both online and at Team Vitalityâs official Paris store.
Team Vitality is proud to unveil its new Alternate Jersey, accompanied by an exclusive apparel collection. This launch completes the clubâs annual merchandise lineup, following the release of the black Pro Jersey earlier this year and the iconic yellow US-style Jersey worn during the Austin Major triumph.
This Alternate edition, featuring the French blue, white and red, honours Team Vitalityâs Parisian roots while celebrating the major esports events set to close out the year in France.
The jersey will feature on the global stage with the Rocket League team at the World Championships from September 12 to 14.
PERFORMANCE MEETS LIFESTYLE
The Alternate Collection features a new, stylish jersey and a limited-edition clothing line that blends performance and lifestyle. As with every year, the Alternate Jersey is traditionally white, serving as a complement to the black Pro Jersey released earlier in the year.
Designed in collaboration with hummel, the jersey combines comfort and performance, offering a lightweight fit built to withstand the demands of competitive play. The accompanying exclusive apparel collection follows the same artistic vision, offering clothing and accessories designed for everyday wear. This brand-new lifestyle range, along with exclusive items, reflects the clubâs distinctive style.
ALTERNATE JERSEY
- Team Vitalityâs Alternate 2025 Jersey â âŹ79.99
- Team Vitalityâs Alternate 2025 Sleeves â âŹ29.99
- Exclusive Vitality Alternate 2025 Pack â âŹ79.99 (includes 1 Alternate Jersey and a complimentary pair of exclusive sleeves)
 |
LIFESTYLE COLLECTION
- Team Vitality Alternate 2025 Sweatshirt â âŹ59.99
- Team Vitality Alternate 2025 T-Shirt â âŹ29.99
- Team Vitality Alternate 2025 Jacket â âŹ69.99
- Team Vitality Alternate 2025 Joggers â âŹ54.99
 |
ACCESSORIES
- Team Vitality Alternate 2025 Scarf â âŹ19.99
- Team Vitality Alternate 2025 Flag â âŹ24.99
- Collector Cards (set of 3 or 8 trading cards) â âŹ5.99
- Mouse Pad (small / large) â âŹ19.99 / âŹ29.99
 |
BASILISK, the global esports organization built to champion science, announced the signing of legendary fighting game competitor Justin âJwongâ Wong as captain of its newly formed Fighting Game Community (FGC) Division. Wong will lead BASILISKâs entry into the FGC by recruiting players, developing community events, and creating FGC – science crossover content.
âJustin isnât just a competitive genius â 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,â 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 BASILISKâs data analytics to scout and train the next generation of FGC pros.
âMath is super important to fighting games. Iâm excited to join scienceâs esports team. Iâm 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,â said Wong upon joining BASILISK.
The signing comes on the heels of BASILISKâs new partnerships with The Planetary Society and Caltechâs 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.
âJustin is a dream addition to our organization. He exemplifies the dedication and analytical capacity required to be an esports champion or great scientist,â added BASILISK co-founder Hans Kassier.
Wong becomes the second âGOATâ (Greatest of All Time) to join BASILISK, alongside Finnish StarCraft 2 legend Joona âSerralâ Sotala, who just captured the SC2 Esports World Cup Championship in July 2025. The signing also creates opportunities for cross-over content with BASILISKâs 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.
-
Latest News7 days agoProper Loud and Galactic Announce Groundbreaking Global Partnership to Launch the Worldâs First Socially-Driven Prediction Market Platform
-
Compliance Updates7 days agoMDC Issues Commentary as U.S. Gambling Enters âRegulatory Resetâ Following $148 Billion Wagered
-
Gaming6 days agoMonster Energy and Call of Duty Unite Again with Exclusive In-Game Rewards and Expanded Program Timing
-
Latest News6 days agoWoodbine partners with 1/ST for Pegasus World Cup Filly & Mare Turf Qualifier
-
Canada5 days agoabsolutebet Secures AGCO Registration as an Internet Gaming Operator in Ontario
-
Gambling in the USA6 days agoAristocrat Interactive⢠to Showcase Innovative iLottery Solutions at NASPL 2025 Annual Conference & Trade Show
-
Latest News6 days agoPlaza Hotel & Casino Partners with Aristocrat Gaming⢠debuts Downtownâs First Buffalo & Moâ Friends⢠Slot Area Ribbon cutting event and launch of player promotion: Thursday, Sept. 4, 11 a.m
-
Gambling in the USA6 days agoScientific Games Introduces Obsidian, All-Black Holographic Lottery Scratch Games