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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Jun. 18, 6:47 AM

Slide #77. J55 Capital Corp. Enthusiast Gaming Holdings Inc.

Acquirer: J55 Capital Corp. (FIVE.P.CA)
Acquiree: Enthusiast Gaming Holdings Inc. (EGLX.CA)
Details: J55 Capital Corp. ("J55" or the "Company") (TSX-V: FIVE.P) is pleased to announce that it has entered into an arrangement agreement dated May 30, 2019 (the "Arrangement Agreement") with Enthusiast Gaming Holdings Inc. (TSXV: EGLX) ("Enthusiast Gaming"), an arm's length company listed on the TSX Venture Exchange ("TSXV"), and Aquilini GameCo Inc. ("GameCo"), a private Canadian company to form the leading publicly traded esports and gaming media organization in North America. The Company is also pleased to announce that, further to its news releases dated February 25, 2019 and March 20, 2019, it has entered into an amalgamation agreement with GameCo dated May 30, 2019 (the "Amalgamation Agreement") to acquire all of the issued and outstanding securities of GameCo which shall constitute J55's Qualifying Transaction (as defined in the policies of the TSXV) (the "Qualifying Transaction"). Immediately prior to the closing of the Qualifying Transaction, GameCo will complete its acquisition (the "Luminosity Acquisition") of Luminosity Gaming Inc. ("Luminosity Canada") and Luminosity Gaming (USA), LLC ("Luminosity USA", which together with Luminosity Canada is herein referred to as "Luminosity").

  J55 Capital Corp. : FIVE.P.CA
  Enthusiast Gaming Holdings Inc.: EGLX.CA

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June 18, 2019    6:47 AM Eastern
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Hold (2.50 out of 4)
15th percentile
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