The seven matters voted on at the Meeting were (1) the election of directors; (2) the appointment of
The six individuals re-elected as directors of the Company are
In addition, the Company announces that it has filed articles of amendment to give effect to the creation of the PVS and the amendment of the terms of the Common Shares to give effect thereto. Common Shares shall be convertible at the option of the holder into Proportionate Voting Shares on the basis of 100 Common Shares per 1 Proportionate Voting Share, with each Proportionate Voting Share being entitled to 100 votes per Proportionate Voting Share. PVS may also be converted at the option of the holder into Common Shares at a ratio of 100 Common Shares per Proportionate Voting Share.
In addition, as noted, shareholders also approved a 4-to-1 consolidation of the Company's existing Common Shares. A further update will be provided by the Company when and if the Company determines to proceed with the share consolidation.
Following the Amendment, certain affiliates of
In addition,
Notwithstanding the Conversions, as detailed above, the effective economic and voting interests of each of
The Common Shares and PVS held, directly or indirectly, by
Each of
About
Contact:
Investor
President and Chairman
Phone: (647) 459-0423
Email: IR@gamesquare.com
Forward-Looking Information
This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the proposed share consolidation and the effects and benefits therefrom. These forward-looking statements are provided only to provide information currently available to us and are not intended to serve as and must not be relied on by any investor as, a guarantee, assurance or definitive statement of fact or probability. Forward-looking statements are necessarily based upon a number of estimates and assumptions which include, but are not limited to: the Company being able to grow its business and being able to execute on its business plan, the Company being able to complete and successfully integrate acquisitions, the Company being able to recognize and capitalize on opportunities and the Company continuing to attract qualified personnel to supports its development requirements. These assumptions, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's ability to achieve its objectives, the Company successfully executing its growth strategy, the ability of the Company to obtain future financings or complete offerings on acceptable terms, failure to leverage the Company's portfolio across entertainment and media platforms, dependence on the Company's key personnel and general business, economic, competitive, political and social uncertainties including impact of the COVID-19 pandemic and any variants. These risk factors are not intended to represent a complete list of the factors that could affect the Company which are discussed in the Company's most recent MD&A. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
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