Gamesquare Esports Inc. signed letter of intent in respect of a USD 5 million credit facility (credit facility) to be provided by an entity (lender) to be established by Goff Capital Inc. and Blue & Silver Ventures Ltd., a Jerry Jones owned company. The credit facility will provide the company with additional access to capital, if required, to execute on its strategic priorities of continuing to develop profitable, cash flowing digital agencies, and a world-class content creation organization as Gamesquare businesses connect global brands with esports and gaming fans. The credit facility would bolster the Company's $7.7 million of cash-on-hand, as of December 31, 2021.

The company expects to complete negotiations of the definitive terms of the credit facility and enter into a definitive agreement in respect of the credit facility in the coming weeks.