/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN
Each Special Warrant will entitle the holder thereof to receive one unit of the
The Company has agreed to prepare and file a short form prospectus (the "Prospectus") qualifying the distribution of the Shares and Warrants (including those issued to Gravitas in connection with the Offering) in
Until a receipt is issued for the final Prospectus, securities issued in connection with the Offering will be subject to a four months and one day hold period from the date of issue. The net proceeds of the Offering are expected to be used for working capital and general corporate purposes. The closing of the Offering is subject to the completion of formal documentation, including but not limited to, the execution of an agency agreement with Gravitas in connection with the Offering and receipt of regulatory approvals, including approval of the
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in
About Luckbox
The Company is an award-winning betting company that offers legal, real-money betting, live streams, and statistics on all major esports and sports on desktop and mobile devices. The Company has a Business-to-Consumer (B2C) platform, and by leveraging shared technology, data, and resources, the Company can offer an extensive range of betting options for esports tournaments. The Company's in-house customized user interface and user experience, built on a technology stack that supports multiple odds and streaming sources, allows the Company to deliver deep esports betting coverage. The Company has been built by a team combining experience in the igaming industry and a passion for esports to offer players a unique, broad, engaging, and legal CS:GO betting, Dota 2 and
CAUTION WITH RESPECT TO FORWARD-LOOKING STATEMENTS
The
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including information concerning the Offering, the anticipated closing date and use of proceeds thereof, timing for the filing of the Prospectus and obtaining receipts for the Prospectus, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur".
Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that regulatory approval of the Offering will be obtained in a timely manner; and that the agreement with Gravitas will not be terminated in accordance with its terms. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, risks that the Company will not obtain the requisite approvals or otherwise satisfy the necessary conditions precedent to complete the Offering, adverse market conditions, risks inherent in the Company's business in general, that the proceeds of the Offering may need to be used for purposes other than as set out in this news release and other factors beyond the control of the Company.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such 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 forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
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