Mon. Feb 6th, 2023

MONTRÉAL, Nov. 18, 2022 (GLOBE NEWSWIRE) — React Gaming Group Inc. (“React Gaming” or the “Company”) (TSXV: RGG, OTCQB: ITMZF) is happy to report the outcomes of its annual basic and particular assembly of shareholders (the “Assembly”), which was held yesterday on a hybrid foundation. Shareholders holding 47,299,542 frequent shares, or 28.18% of React Gaming’s issued and excellent shares had been current or represented by proxy on the Assembly.

All of the nominees listed within the Company’s administration info round dated October 18, 2022, had been re-elected as administrators, apart from Michael Wagen who, because of the vote, has resigned as a director, efficient instantly.

“On behalf of the Board and the administration workforce, I want all one of the best to Michael Wagen and thank him for his many contributions and assist throughout these previous few years,” stated Leigh Hughes, CEO of React Gaming. “His presence shall be missed.”

Detailed outcomes of the vote for the election of administrators are set out beneath:

CandidateVotes
for%
forVotes
towards%
againstArthur Manteris34,133,36872.65percent12,851,35627.35percentMichael Curtis44,738,94895.22percent2,245,7764.78percentPhilip Nolan46,905,94899.83percent78,7760.17percentMichael Wagen23,362,26849.72percent23,622,45650.28percentJessica Nicole Di Rito41,149,45587.58percent5,835,26912.42%

On the Assembly, the shareholders additionally accepted resolutions concerning:

the appointment of Macias Gini & O’Connell LLP because the Company’s exterior auditors for the present 12 months; the Company’s new 10% rolling inventory choice plan; andan modification to the articles of the Company to consolidate, no later than twelve months from the date of the Assembly, the issued and excellent frequent shares of the Company on the premise of 1 post-consolidation frequent share for at least each 4 pre-consolidation frequent shares.

About React Gaming Group
React Gaming Group (TSXV: RGG) (OTCQB: ITMZF) is a publicly traded holding firm that stands on the forefront of the esports and iGaming trade. By investing in progressive applied sciences that improve tournaments, groups, and wagering, we offer our customers with gaming platforms that produce continuous motion, thrilling outcomes, and unparalleled enjoyment. By way of using clever information, we additionally join our sponsors to strong communities throughout the quickly evolving trade, making certain most engagement and substantial reward. For extra info, please go to us at reactgaming.ca and comply with us on LinkedIn, Twitter, Instagram and YouTube.

Ahead-looking statements
This information launch could include “forward-looking statements” throughout the that means of relevant Canadian securities legal guidelines. Ahead-looking statements are essentially primarily based upon a lot of estimates and assumptions that, whereas thought-about affordable by administration, are inherently topic to important enterprise, financial and aggressive uncertainties, and contingencies. These statements typically will be recognized by way of forward-looking phrases akin to “could”, “ought to”, “will”, “might”, “intend”, “estimate”, “plan”, “anticipate”, “count on”, “consider” or “proceed”, or the unfavourable thereof or comparable variations, and embrace however usually are not restricted to the statements concerning the completion of the Non-public Placement, fee of a finder’s price in reference to the Non-public Placement, the securities to be issued below the Non-public Placement, closing the Non-public Placement in tranches, the providing jurisdictions of the Non-public Placement, effecting the Share Consolidation, mailing of the data round, and receipt of approval from the TSXV with respect to the Non-public Placement and Share Consolidation. Ahead-looking statements contain recognized and unknown dangers, uncertainties and different elements which will trigger future outcomes, efficiency or achievements to be materially totally different from the estimated future outcomes, efficiency or achievements expressed or implied by these forward-looking statements and the forward-looking statements usually are not ensures of future efficiency. The Company’s statements expressed or implied by these forward-looking statements are topic to a lot of dangers, uncertainties, and situations, a lot of that are outdoors of the Company’s management, and undue reliance shouldn’t be positioned on such statements. Ahead-looking statements are certified of their entirety by the inherent dangers and uncertainties surrounding the Company’s actions, together with: that the Company’s assumptions in making forward-looking statements could show to be incorrect; basic adversarial market situations and competitors; the shortcoming to finance operations and/or acquire any future strategic funding essential to implement new applied sciences; the shortcoming to construct a sustainable, conscientious firm with a stronger presence on-line by means of new merchandise in esports and gaming; the shortcoming to acquire, or keep, gaming license(s); and that market situations associated to the COVID-19 pandemic could negatively have an effect on the end result of the enterprise or operations of the Company, together with its outcomes and monetary situation. Besides as required by securities regulation, the Company doesn’t assume any obligation to replace or revise any forward-looking statements, whether or not because of new info, occasions or in any other case.

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) settle for duty for the adequacy or accuracy of this launch.

CONTACT INFORMATION
REACT GAMING GROUP INC.
Leigh Hughes
1-514-861-1881
[email protected]

 

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