Enthusiast Gaming Receives Conditional Approval to Graduate to the Toronto Stock Exchange
18 Dezembro 2019 - 9:00AM
Enthusiast Gaming Holdings Inc. (“
Enthusiast
Gaming” or the “
Company”) (TSXV:
EGLX)(OTCQB: ENGMF)(FSE: 2AV) is pleased to announce that the
Company has received conditional approval to graduate from the TSX
Venture Exchange (“
TSXV”) to the Toronto Stock
Exchange (“
TSX”). Enthusiast Gaming’s common
shares will commence trading on the TSX under the same ticker
symbol “EGLX”. The Company anticipates trading on the TSX will
commence in January 2020.
According to the TMX Group, there are 1,933
companies listed on the TSXV(1) and only 21 graduated to the TSX
year to date. In 2018, only 12 TSXV listed companies graduated to
the TSX. Making the transition from being a TSXV listed company to
a TSX listed company is an accomplishment for any public issuer,
and it’s evident that only a small fraction of listed companies are
able to make that transition. The up-listing will be a significant
milestone for Enthusiast Gaming, and follows a number of important
corporate actions since closing the merger between Enthusiast,
Aquilini GameCo, and Luminosity Gaming in August 2019.
Final approval of the listing is subject to the
Company fulfilling certain customary conditions required by the
TSX. The Company will issue a statement once the TSX confirms the
date on which trading on the TSX will commence. Upon satisfaction
of the final listing requirements, the Company’s common shares will
be delisted from the TSXV and commence trading on the TSX.
Shareholders will not be required to take any action.
About Enthusiast
Gaming
Enthusiast Gaming (TSX.V: EGLX)(OTCQB:
ENGMF)(FSE: 2AV) is building the world’s largest network of
communities for gamers and esports fans. Already the largest gaming
network in North America and the United Kingdom, the Company’s
business is comprised of three main pillars: Media, Events and
Esports. Enthusiast Gaming’s digital media platform includes 100+
gaming related websites and 900 YouTube channels which collectively
reach 150 million visitors monthly. The media network generates
over 30 billion ad requests and over 1 billion page views per
month. Enthusiast’s esports division, Luminosity Gaming, is a
leading global esports franchise that consists of 7 professional
esports teams under ownership and management, including the
Vancouver Titans Overwatch team and the Seattle-based Call of Duty
team. Collectively, the integrated ecosystem reaches over 200
million gaming enthusiasts on a monthly basis. Enthusiast Gaming’s
event business, owns and operates Canada’s largest gaming expo,
Enthusiast Gaming Live Expo, EGLX, (eglx.com) and the largest
mobile gaming event in Europe, Pocket Gamer Connects. For more
information on the Company, visit www.enthusiastgaming.com. For
more information on Luminosity Gaming, please visit
luminosity.gg.
__________________1.
https://www.newswire.ca/news-releases/tmx-group-equity-financing-statistics-november-2019-839101763.html
CONTACT:
Alex Macdonald CFO (416)
623-9326
Julia BeckerHead, Investor
Relations & Marketing (604)
785-0850 jbecker@enthusiastgaming.com
This news release contains certain statements
that may constitute forward-looking information under applicable
securities laws. All statements, other than those of historical
fact, which address activities, events, outcomes, results,
developments, performance or achievements that Enthusiast
anticipates or expects may or will occur in the future (in whole or
in part) should be considered forward-looking information. Such
information may involve, but is not limited to, comments with
respect to strategies, expectations, planned operations and future
actions of the Company. Often, but not always, forward-looking
information can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or variations
(including negative variations) of such words and phrases, or
statements formed in the future tense or indicating that certain
actions, events or results "may", "could", "would", "might" or
"will" (or other variations of the forgoing) be taken, occur, be
achieved, or come to pass. Forward-looking information is based on
currently available competitive, financial and economic data and
operating plans, strategies or beliefs as of the date of this news
release, but involve known and unknown risks, uncertainties,
assumptions and other factors that may cause the actual results,
performance or achievements of Enthusiast to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking information. Such
factors may be based on information currently available to
Enthusiast, including information obtained from third-party
industry analysts and other third-party sources, and are based on
management's current expectations or beliefs regarding future
growth, results of operations, future capital (including the
amount, nature and sources of funding thereof) and expenditures.
Any and all forward-looking information contained in this press
release is expressly qualified by this cautionary statement.
Trading in the securities of the Company should be considered
highly speculative.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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