Toronto, Ontario–(Newsfile Corp. – September 15, 2021) – Prime City One Capital Corp. (TSXV: PMO.H) (“Prime City” or the “Company“) and Champion Gaming Inc. (“Champion“) are pleased to announce that Prime City and Champion and have entered into a definitive acquisition agreement (the “Acquisition Agreement“) dated September 8, 2021 in respect of their previously-announced business combination transaction (the “Transaction“). Completion of the Transaction will result in a reverse takeover of Prime City by Champion pursuant to the policies of the TSX Venture Exchange (the “TSXV“). In this news release, references to the “Resulting Issuer” are to Prime City following the closing of the Transaction.
Cameron Wickham, Chief Executive Officer of Prime City, stated: “We believe this transaction is extremely attractive to Prime City’s shareholders and we are excited to support the strategy of Champion and its management team going forward. Champion’s current operations and vision for future growth align well with the growing market for sports content, data and analytics. I would like to thank all of Prime City’s shareholders for their support of this transaction with Champion.”
Kenneth Hershman, Chief Executive Officer of Champion, stated: “We are excited to take this important next step in our company’s development and believe this transaction brings us access to new financing and opportunities to grow our business and expand our product reach.”
Summary Terms of the Acquisition…