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Intema submits filing statement in connection with the acquisition of Livestream Gaming, The Canadian Business Journal

  • TSX Venture Exchange issues final exchange breaking news announcing the end of trading
  • Intema will change its name to React Gaming Group Inc. on April 11, 2022. It is traded under the stock symbol “RGG”.

Montreal, April 4, 2022 (GLOBE NEWSWIRE) — Intema Solutions Inc. (“”Intema” or “Ltd“) (TSXV: ITM, OTCMKTS: ITMZF) is Livestream Gaming Ltd (“Live stream“). The TSX Venture Exchange shall today issue a breaking news of the final exchange announcing the closing of the transaction (“Breaking news of TSXV“). With the issuance of the TSXV Bulletin, Kosha’s funds and common stock previously stored in Escrow shall be released to Kosha and Livestream as necessary.

“We are now able to reach our full potential based on the momentum of the LOOT.BET online betting platform. With the help of a new ecosystem, Isle of Man licensing, and strategies to expand into new markets. LOOT.BET has the potential to grow significantly, “said Laurent Benezra, President and CEO of Intema.

Company name changed to React Gaming Group Inc.

Intema Solutions Inc. will change its name to React Gaming Group Inc. around April 11, 2022 (“effective dateKosha’s common stock is expected to open under a new name on the TSX Venture Exchange using the new trading symbol RGG when the market opens on or around the effective date. The new CUSIP number will be 75526E106 and the new ISIN will be CA75526E1060. There will be no consolidation or change of equity capital. Management says that the company name is associated with current activities in eSports and iGaming. I think it’s important.

The common certificate of Intema Solutions Inc., the former company name, will continue to be valid for settlement of transactions and will be replaced with the new name certificate only at the time of transfer. We do not require you to exchange your existing share certificates for new share certificates with the new company name, nor do our shareholders need to do so.

Live stream results and IFRS adjustments

Livestream has made certain adjustments to the amounts previously reported by us in preparing IFRS financial statements, income statements, and other comprehensive income. In addition to the press release issued on February 18, 2022, Corporation has completed the final decision on Livestream’s financial statements, in contrast to the previously expected net loss of € 173,818 (net loss of € 279,375). In 2021, the net loss was 416,940 euros. The euro in 2020, as opposed to the previously expected net loss of € 113,808.

Fee correction for private finder

In addition to the figures contained in the February 18, 2022 press release, Intema provided a cash fee of $ 385,195.30 issued to Finder in connection with the termination of the private placement and an update of the correct total amount of Finder Warrants of 1,023,921. .. The conditions for the finder warrant remain the same.

About LOOT.BET
LOOT.BET is one of the world leaders in esports betting, with a focus on live betting and online gaming, building excellent products for over 450,000 registered users. Supported by a professional operations and software development team of over 50 employees, LOOT.BET is not only an established and reliable esports betting platform, but also a global supporter of the esports industry. Is famous. A regular sponsor of prominent professional tournaments and teams, and a partner for leading esports operators, studios and bright e-sports talents and influential people. He is also a proud supporter of the Anti-Corruption Esports Integrity Commission, helping organizations fight match-fixing and gambling fraud, thereby contributing to the development and maturity of both the esports and esports betting industries. See LOOT.BET for more information.

About Intema
Intema Solutions Inc. is a new global leader in the esports and iGaming industry. Our mission is to bring the excitement of esports betting to the world through a fully licensed and secure online platform. Our ecosystem consists of subsidiaries in esports, iGaming, product branding, digital advertising and marketing campaign design, all of which are complementary drivers of future revenue growth. For more information, please visit our website. intema.ca..

contact address
Laurent Venezura
President and Chief Executive Officer
514-861-1881
info@intema.ca

Description of future prospects
This press release contains specific “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements” in the sense of applicable Canadian securities law). increase. Releases, including but not limited to private placement, expected development of Kosha’s business and projects, implementation of Kosha’s vision and growth strategy, funding and availability for Kosha’s projects, and future flows. The statements regarding gender, labor capital, and the future outlook for this press release are based on what our management believes to be reasonable assumptions, but are essentially significant business, economic and competitive. It is affected by the above uncertainties and contingencies. As a practical result, there is no guarantee that they will be proven accurate lts and future events can be significantly different from what is expected in such a statement. Forward-looking statements are generally “may”, “should”, “do”, “done”, “intended”, “estimate”, “plan”, “expect”, etc. It can be identified by using words about future prospects. “Expect”, “believe”, “continue”, or their negative or similar variations. The forward-looking statements in this press release relate, among other things, to statements related to the terms of the private placement and the terms of the proposed transaction. Intema’s future outlook and expected events or results. And the completion of the private placement and the proposed transaction. Actual future results can vary significantly. Forward-looking statements are presumed that known and unknown risks, uncertainties, and future outcomes, performances, or outcomes are expressed or implied by these forward-looking statements and forward-looking statements. Includes future outcomes, performance, or other factors that may differ materially from outcomes. The statement does not guarantee future performance. Our statements expressed or implied by these forward-looking statements are subject to many risks, uncertainties, and conditions, many of which are outside our control and such statements. You should not put excessive trust in. Forward-looking statements are fully modified by the risks and uncertainties inherent in private placements and proposed transactions. This includes the following: General unfavorable market conditions and competition; the inability to fund the business and / or obtain the future strategic investment needed to implement new technologies. The inability to build a sustainable and conscientious company with a stronger presence online through new esports and gaming products. Not being able to obtain or maintain a gambling license. In addition, market conditions related to the COVID-19 pandemic may adversely affect the outcome of our business or operations, including its outcomes and financial position. Except as required by securities law, we undertake no obligation to update or revise any forward-looking statement as a result of new information, events or otherwise. We undertake no obligation to update any forward-looking statement, except as required by applicable securities law. Readers should be careful not to place excessive reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.


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Intema submits filing statement in connection with the acquisition of Livestream Gaming, The Canadian Business Journal

Source link Intema submits filing statement in connection with the acquisition of Livestream Gaming, The Canadian Business Journal

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