Engine Media Announces Closing of Convertible Debenture Financing | News

Written by on November 20, 2020

TORONTO, Nov. 20, 2020 /PRNewswire/ — Engine Media Holdings, Inc. (“Engine” or the “Firm”; TSX-V: GAME; OTCQB: MLLLF) publicizes that it has closed the ultimate tranche of the beforehand introduced first US$2,000,000 draw of an $8,000,000 stand-by convertible debenture facility – see the press releases issued on October 16, 2020 and September 15, 2020 for additional particulars.

All securities issued pursuant to the financing will probably be topic to a statutory maintain interval expiring 4 months and sooner or later from closing.

The Debentures, and the Widespread Shares and Warrants to be issued on conversion of the Debentures, haven’t been and won’t be registered beneath the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities legal guidelines and will not be supplied or offered in the US or to, or for the account or profit, of a U.S. particular person (as such time period is outlined in Rule 902(okay) of Regulation S beneath the U.S. Securities Act) absent registration or an relevant exemption from the registration necessities of the U.S. Securities Act and relevant U.S. state securities legal guidelines.

This press launch doesn’t represent a suggestion to promote or a solicitation of any provide to purchase the securities in the US, in any province or territory of Canada or in every other jurisdiction. There shall be no sale of the securities in any jurisdiction through which a suggestion to promote, a solicitation of a suggestion to purchase or sale can be illegal.

About Engine Media Holdings, Inc.

Engine Media is targeted on accelerating new, stay, immersive esports and interactive gaming experiences for customers by its partnerships with conventional and rising media corporations. The corporate was fashioned by the mix of Torque Esports Corp., Frankly Inc., and WinView, Inc. and trades publicly beneath the ticker image (TSX-V: GAME) (OTCQB: MLLLF).  Engine Media will generate income by a mix of: direct-to-consumer and subscription charges; streaming know-how and information SaaS-based choices; programmatic promoting and sponsorships; in addition to mental property licensing charges.  Up to now, the mixed corporations shoppers have included greater than 1,200 tv, print and radio manufacturers together with CNN, ESPN, Discovery / Eurosport, Fox, Vice, Newsweek and Cumulus; dozens of gaming and know-how corporations together with EA, Activision, Blizzard, Take2Interactive, Microsoft, Google, Twitch and Ubisoft; and have connectivity into a whole lot of thousands and thousands of properties all over the world by their content material, distribution and know-how.

Cautionary Assertion on Ahead-Wanting Data

This information launch accommodates forward-looking statements. Ahead-looking statements contain identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of Engine to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Usually, however not at all times, forward-looking statements may be recognized by way of phrases equivalent to “plans”, “expects” or “doesn’t count on”, “is predicted”, “estimates”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “might”, “would”, “would possibly” or “will” be taken, happen or be achieved.  In respect of the forward-looking info contained herein, Engine has supplied such statements and knowledge in reliance on sure assumptions that administration believed to be cheap on the time, together with assumptions as to acquiring required regulatory approvals. Ahead-looking info entails identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements acknowledged herein to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info. Precise outcomes might differ materially from these at present anticipated resulting from various components and dangers.  Accordingly, readers shouldn’t place undue reliance on forward-looking info contained on this information launch.

The forward-looking statements contained on this information launch are made as of the date of this launch and, accordingly, are topic to alter after such date. Engine doesn’t assume any obligation to replace or revise any forward-looking statements, whether or not written or oral, that could be made infrequently by us or on our behalf, besides as required by relevant legislation.

Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.

 

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