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Baden Announces Closing Of Second Private Offering Of Northstar Gaming Subscriptions To $1,055,500 In Gross Revenue, The Canadian Business Journal

VANCOUVER, British Columbia, October 5, 2022 (GLOBE NEWSWIRE) — Baden Resources Inc.CSE: BDN) (“Baden” or “CompanyIn addition to press releases dated June 30, 2022 and September 15, 2022, NorthStar Gaming Inc. (“Polaris”) has completed the second tranche of its offering (“Recruitment”) subscription receipt (“subscription receipt”) An additional 2,110,000 Subscription Receipts will be issued at a price of $0.50 per Subscription Receipt for a total of $1,055,000 (“2ndtranche”). NorthStar has now issued a total of 10,150,000 subscription receipts, totaling him $5,075,000. This represents the previously announced 50,000 preferred shares of NorthStar by Torstar Corporation for an aggregate amount of $5,000,000 (“toaster investment”). NorthStar raised $10,075,000 (including investment in Torstar) in connection with this offering. NorthStar may close additional tranches of the offering.

This offering is jointly owned by Canaccord Genuity Corp. and Paradigm Capital Inc. (“co-lead agent), Eight Capital Inc., Cormark Securities Inc., and Echelon Capital Markets (collectively, “Agent”).

in relation to 2nd Tranche, Agent received: (i) a cash commission of $63,300 (“cash feeThis is subject to the escrow release conditions set forth in the September 15, 2022 press release and (ii) 126,600 Broker Warrants on the same terms set forth in the September 15, 2022 press release. is paid.

About Northstar Gaming

NorthStar Gaming owns and operates NorthStar Bets, an Ontario-born casino and sportsbook gaming platform that offers players a unique local best-of-breed user experience. The NorthStar Bets sportsbook provides real-time news, stats, analysis and scores directly in the betting environment along with the most popular online casino games.

Canadian company NorthStar Gaming is uniquely positioned to be a convergence leader at the intersection of sports media and sports betting thanks to partnerships and agreements with major media companies. NorthStar Gaming operates to the highest standards of responsible gaming and is committed to ensuring that local players’ entertainment spending stays in line with Ontario and other regulatory jurisdictions. Additional information about NorthStar is available at www.northstargaming.ca.

on behalf of the company

Howard Milne, Chief Executive Officer

For more information, please contact CEO Howard Milne at 604-377-8994. [email protected]

Cautionary Note Regarding Forward-Looking Statements

This press release may contain “forward-looking information or statements” within the meaning of Canadian securities laws. All statements other than statements of historical fact in this release address events or developments that we expect to occur and are forward-looking statements. Forward-looking statements are not historical facts and are generally, but not always, “expects”, “plans”, “expects”, “believes”, “intends”, “estimates” ”, a description identified by the word “project”. , “potentially” and similar expressions, or that an event or condition “occurs”, “would”, “could”, “could” or “should occur”. In this press release, forward-looking information relates, among other things, to the completion of further tranches of the offering and NorthStar’s prospects for future business. These statements are based on our assumption that NorthStar will be successful in finding suitable investors for further tranches of the offering. Although we believe that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may vary. They may differ from forward-looking statements. Such forward-looking information reflects the Company’s view of future events and is subject to risks and uncertainties, including the risk that NorthStar may not be able to find suitable investors for further tranches of its offerings. affected by NorthStar’s business is subject to various material risks, uncertainties and other factors that could cause actual results, performance or performance to differ materially from those expressed or implied in these statements. receive. These risks, uncertainties and other factors include: Risks associated with making false predictions about the growth potential of the industry, risks associated with Northstar’s ability to achieve projected milestones, and general economic conditions could adversely affect its growth and profitability. magnitude and duration of impact; general economic conditions; capital markets; unemployment; consumer spending; NorthStar’s liquidity; COVID-19 pandemic key personnel regarding the risk of property infringement, reliance on and reliance on management; changes in legislation at the federal and local levels; Increased customer acquisition costs; failure to maintain or build strategic relationships; investment in its service providers and partners; timing; operations, permits, licenses, financing, approvals and other contingencies related to regulatory developments, inability to access sufficient capital on favorable terms, NorthStar’s limited operating history, failure to receive demand; Risks Associated with Events Third-party or regulatory approvals, NorthStar’s inability to fund short-term and long-term business development strategies, litigation risk, competition, currency and interest rate fluctuations, and other risks. Any forward-looking statements in this press release are fully qualified by this cautionary statement. We do not undertake to update forward-looking statements or forward-looking information, except as required by law.

Neither the Canadian Stock Exchange nor its regulatory service providers assume responsibility for the adequacy or accuracy of this release.

CBJ Newsmaker

Baden Announces Closing Of Second Private Offering Of Northstar Gaming Subscriptions To $1,055,500 In Gross Revenue, The Canadian Business Journal

Source link Baden Announces Closing Of Second Private Offering Of Northstar Gaming Subscriptions To $1,055,500 In Gross Revenue, The Canadian Business Journal

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