Press Releases
Intema announces the resumption of trading in its securities
Intema Solutions Inc. is pleased to announce that its securities will resume trading at the opening of the markets on Monday, November 22, 2021.
“We are excited to have our stock trading again and to pursue our growth plans in the rapidly growing esports and iGaming sectors,” said Laurent Benezra, President and CEO of Intema. “In the coming weeks, we will pursue our efforts to finalize the acquisition of Livestream Gaming Ltd. (“Livestream”), owner of LOOT.BET, and meet the conditions for approval of the transaction, including, but not limited to, obtaining a gaming license from the Isle of Man and filing the required documentation with the regulatory authorities.”
“Since entering the esports and iGaming sectors in early 2021, we have completed the acquisitions of the social and esports platform HypeX.gg, the B2B and B2C esports-related product and service provider The SMACK.gg, and the Team BH esports team, which are all part of the ecosystem we are building. We believe the portfolio of products and services we have cultivated will complement the LOOT.BET online gaming platform and website once the acquisition of Livestream is complete. We have also enhanced the quality and expertise of our management team with the addition of Scott Meyers as CFO, and of our board of directors with the addition of Art Manteris, Marc Brassard and Philip Nolan, all of whom have made solid contributions to our ongoing projects.”
“Once the Livestream transaction is finalized and the final tranche of our financing of up to $15 million financing is in place, Intema will have the tools to pursue the next phase of its global expansion in the esports and iGaming sectors,” concluded Mr. Benezra.
Amendment of By-laws
Subject to the approval of the TSXV and in accordance with the provisions of the Canada Business Corporations Act, the Corporation proposes to repeal the current by-laws of the Corporation and adopt new by-laws 1A of general by-laws and 1B of Advance Notice of shareholder nominees for election of directors (the “Advance Notice”). The purpose of the Advance Notice is (i) to ensure that all shareholders receive adequate notice of director nominations and sufficient time and information with respect to all nominees to make appropriate deliberations and register an informed vote; and (ii) to facilitate an orderly and efficient process for annual or special meetings of shareholders of the Corporation. The Advance Notice By-Law fixes the deadlines by which shareholders must submit director nominations to the Corporation prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in a timely written notice to the Corporation for any director nominee to be eligible for election at such annual or special meeting of shareholders.
Debt Settlement
Subject to the approval of the TSXV, the Corporation intends to settle a total of CAD$250,000 of debt (the “Debt”) owed to Mr. Roger Plourde, Former President, CEO and Executive Chairman of the Board (the “Shares for Debt Settlements”) in relation to his departure in 2019. The Corporation wishes to settle the Debt by issuing to Mr. Plourde 1,250,000 common share purchase warrants of the Corporation at a deemed exercise price of $0.20 per common share pursuant to a Termination Agreement dated August 21, 2019 and a final Debt Settlement Agreement dated November 17, 2021.
Executive Employment Agreement
Subject to the approval of the TSXV, the Corporation reports that it proposes a share issuance of an aggregate of up to 1,283,018 Common Shares as bonus (the “Bonus Shares”) to Mr. Laurent Benezra, the CEO of the Corporation, pursuant to an Executive Employment Agreement dated March 31, 2021. The Bonus Shares will be issued: i. CAD$150,000 or 283,018 Shares as one-time compensation; and ii. over a period of four fiscal years of 2021 to 2024, 250,000 Shares per fiscal year, subject to certain conditions, or 200,000 Shares per fiscal year should the Corporation attain 80% of the financial projection. The Bonus Shares will be subject to restrictions on transfer for a period of four months from issuance.
A full description of the Amendment of By-laws, the Debt Settlement and the Employment Agreement are set out in the Corporation’s management information circular which will be filed on SEDAR in connection with an Annual and Special Meeting of the shareholders of the Corporation to be held in December 2021 (date to be confirmed) (the “Annual Meeting”). The Debt Settlement and the Executive Employment Agreement are subject to the approval by a majority of disinterested shareholders at the Annual Meeting.
Latest News
THE UNIT TO STEP UP EXPANSION PLANS WITH OPENING OF NEW YORK CITY OFFICE
The Unit aims to grow its presence in the Americas with move to new Manhattan location in January 2025 at Bank of Ireland’s NYC Hub
The Unit, a leader in product design and development for sports betting and iGaming, will proudly open its new office in New York City, as part of its long-term global expansion objectives, in January 2025.
The Americas division was established in 2023 with the launch of The Unit’s partnership with online operator PlayStar Casino. The New York City office, located in the heart of Manhattan, will now be the hub for The Unit’s activity in the Americas.
This new base will be located at Bank of Ireland’s NYC Hub, which was launched to help Irish business owners expand their North American operations. The offices at 2 Grand Central Tower are a great asset to Irish companies aiming to expand their operations in the United States and beyond. This is an ideal location for The Unit to grow its footprint in the region.
The project will be put into practice by The Unit’s Head of Business Development & Account Management Mark O’Hare, who has relocated to New York and will be responsible for The Unit’s commercial growth in the region.
With product and development teams in Ireland and Moldova, the addition of an American hub is further proof The Unit holds an unwavering commitment to becoming the partner of choice, on a global scale, throughout the industry.
Paddy Casey, Co-founder at The Unit, said: “These are exciting times for The Unit, and with plans in place to exponentially grow our presence in the Americas across the next few years, the start of 2025 will be the perfect time for us to move into one of the most vibrant cities in the world.
“This will be the ideal addition to our existing bases in Ireland and Moldova. The flexible workspace the hub can provide will be integral to our plans and will give us the opportunity to grow the team.
“This is an excellent opportunity for us to touch base with clients in the Americas and strategise further launches. We’re looking forward to mapping out our future in the region with our team on the ground there.
“I would like to thank Mark O’Hare for making the move to New York, and I’m sure both he and his team will have the skills and experience to execute our vision for the Americas division across the long-term.”
Tania Sheikh, Manager of NYC Hub for Bank of Ireland, said: “We are very pleased to welcome The Unit to the NYC Hub. The facilities we can provide have helped businesses scale up and connect with their partners, and we are proud to offer that opportunity to The Unit.
“We look forward to hosting The Unit and wish them well in their endeavors to grow their business here.”
The Unit has solidified its strong track record of building world-class, scalable and efficient products for the sports betting and iGaming sector in recent years.
As The Unit embarks on this exciting period of growth, the company remains committed to delivering exceptional products and services to its clients. With its experienced team, best-in-class product development capabilities, and focus on innovation, The Unit is poised to shape the future of the sports betting and iGaming industries.
Latest News
Golden Matrix Group to Participate in the 2025 ICR Conference
Golden Matrix Group Inc., a developer and licensor of online gaming platforms, systems, and gaming content, today announced that management will participate in the 2025 ICR Conference on January 13-15, 2025 at the Grande Lakes Resort in Orlando, FL.
Zoran Milosevic, Chief Executive Officer of Meridianbet, will participate in a fireside chat with an equity research analyst on Monday, January 13, 2025, at 2:30 PM ET and will also be available for meetings during the conference.
Canada
Be #GiftSmart: Scratch the Idea of Gifting Scratch & Win Tickets to Kids
BCLC reminds adults to gift responsibly this holiday season
With the holiday season in full swing, BCLC is reminding British Columbians to gift responsibly and scratch lottery products from their shopping lists for kids.
“Scratch & Win tickets can make great stocking stuffers for the adults in your life, but they’re not for kids,” said Ryan McCarthy, BCLC’s Director of Player Health. “The research shows that children who have early encounters with gambling are four times more likely to develop riskier gambling behaviour as they grow up. While people are out shopping for those last-minute gifts, BCLC wants adults to be aware of the potential risks associated with gifting lottery products to children and to consider safer alternatives.”
While Scratch & Win tickets are among the most common ways kids can be introduced to gambling, children are increasingly exposed to various online forms, such as gambling streams.
“With the convergence of gaming and gambling, youth are becoming more exposed to gambling content in online spaces like streaming sites, where creators are able to live-stream their own gambling, usually while playing online slots and instant games,” said Dr. Luke Clark, Director for Gambling Research at UBC. “Our research at the UBC Centre for Gambling shows that a higher frequency of watching online gambling streams is associated with a more positive attitude towards gambling and a high intention to gamble in the future.”
In B.C., it is illegal to sell lottery products to anyone under the age of 19 and BCLC encourages adults to have conversations with the kids in their lives about the risks associated with gambling.
“Open and honest conversations are crucial when it comes to navigating childhood exposure to gambling,” said McCarthy, who shared the following tips to adults:
- Monitor for gambling-related lifestyle changes. For example, developing a positive attitude towards gambling or a preoccupation with video games or streaming sites.
- Be a positive role model. Exhibit safer gambling behaviour and talk about the risks.
- Limit exposure. Monitor kids’ online activities and discourage engagement with gambling content. Explain how gambling is based on chance.
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