TGS Esports Inc. announced a private placement of up to 10,000,000 common shares at an issue price of CAD 0.20 per share for gross proceeds of up to CAD 2,000,000 on June 29, 2022. Finder's fees and commissions may be paid to eligible persons in connection with the offering. All securities issued under the offering are subject to a hold period expiring four months and one day after the date of issuance and may be subject to additional resale restrictions under applicable TSXV policies and securities laws.

The company expects to close the offering prior to completion of the ancillary transaction.