Home Correction journal Intema Files Statement of Filing for Acquisition of Livestream Gaming

Intema Files Statement of Filing for Acquisition of Livestream Gaming

7
0
  • The TSX Venture Exchange will issue the final trading bulletin announcing the closing of the transaction
  • Intema will change its name to React Gaming Group Inc. on April 11, 2022, which will trade under the ticker symbol “RGG”

MONTREAL, April 04, 2022 (GLOBE NEWSWIRE) — Interma Solutions Inc. (“Interma“or the”society”) (TSXV: ITM, OTCMKTS: ITMZF) is pleased to announce the filing on SEDAR of the Statement of Filing in connection with the acquisition of Livestream Gaming Ltd (“Direct”). The TSX Venture Exchange will issue today the last Exchange Bulletin announcing the closing of the transaction (the “TSXV Newsletter”). With the publication of the TSX Venture Exchange Bulletin, funds and common shares of the Company previously held in escrow will be returned to the Company and Livestream, as applicable.

“We can now leverage the momentum of our LOOT.BET online betting platform to market it to its full potential. With the help of our emerging ecosystem, our license in the Isle of Man and our strategy to expand into new markets, LOOT.BET has the potential to grow much more,” said Laurent Benezra, President and CEO of the management of Intema.

Name change to React Gaming Group Inc.

Intema Solutions Inc. will change its name to React Gaming Group Inc., effective on or about April 11, 2022 (the “Effective date“). It is expected that the common shares of the Company will begin trading under the new name on the TSX Venture Exchange with the new symbol RGG at the opening of the market on or about the Effective Date. The new number The Company’s CUSIP will be 75526E106 and the new ISIN will be CA75526E1060. There is no consolidation or change in share capital. Management considers it important that the name of the Company be associated with its current activities in the electronic sports and online games.

Common stock certificates bearing the old name Intema Solutions Inc. continue to be valid for settlement purposes and will only be replaced by certificates bearing the new name upon transfer. The Company does not require, and shareholders are not required to, exchange their existing share certificates for new certificates bearing the new name of the Company.

Reconciliation of Livestream results with IFRS

In Livestream’s preparation of its statement of financial position and statement of income and other comprehensive income under IFRS, certain adjustments have been made to amounts previously reported by the Company. Following its press release published on February 18, 2022, the Company has finalized the financial statements of Livestream which now show a net loss for 2021 of 416,940 euros compared to a previously expected net loss of 173,818 euros (net loss of 279 375 euros for 2020 against a previously expected net loss of 113,808 euros).

Correction of intermediation fees for private placements

Following the figures contained in the February 18, 2022 press release, Intema has provided an update for the correct aggregate amount of $385,195.30 in cash fees and 1,023,921 warrants issued to intermediaries under the closing of the private placement. The terms of the warrants remain the same.

About LOOT.BET
LOOT.BET is one of the world’s leading sports betting companies, with a focus on live betting and online gaming and creating an exceptional product for its over 450,000 registered users. Supported by a professional operational and software development team of over 50 employees, LOOT.BET is globally recognized not only as an established and reliable esports betting platform, but also as a supporter of the esports industry. It is a regular sponsor of notable professional tournaments and teams and a partner of major esports operators, studios and bright esports talent and influencers. He is also a proud supporter of the Esports Anti-Corruption Integrity Commission, helping the organization fight match-fixing and betting fraud, thereby contributing to the development and maturation of the esports industries and sports betting. For more information, please visit LOOT.BET.

About Interma
Intema Solutions Inc. is the emerging global leader in the esports and online gaming industry. Our mission is to bring the excitement of sports betting to the world through secure and licensed online platforms. Our ecosystem consists of subsidiaries in esports, iGaming, product branding, digital advertising and marketing campaign design which are all complementary drivers for the future growth of our income. For more information, please visit our corporate website at intema.ca.

Contact
Laurent Benezra
President and CEO
514-861-1881
[email protected]

Forward-looking statements
This press release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements” within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, included in this press release press release, including, without limitation, those relating to the private placement; the planned development of the Company’s activities and projects; the execution of the Company’s vision and growth strategy; the sources and availability of financing for the Company’s projects; and future cash, working capital and Although the forward-looking statements in this press release are based on what management of the Company believes to be reasonable assumptions, they are inherently subject to significant business, economic and competitive uncertainties and contingencies, and it p there can be no assurance that they will prove to be accurate, as actual results These events and future events could differ materially from those anticipated in these statements. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate ”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. The forward-looking statements contained in this press release relate to, among other things, statements relating to the terms of the private placement and the terms of the proposed transaction; Interma’s future prospects and anticipated events or results; and the completion of the Private Placement and the Proposed Transaction. Actual future results may differ materially. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by such forward-looking statements. and forward-looking statements. statements are not guarantees of future performance. The statements of the Company expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties and conditions, many of which are beyond the Company’s control, and undue reliance should not be placed on these statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding the private placement and the proposed transaction, including: that the Company’s assumptions in making forward-looking statements may prove to be incorrect; adverse general market conditions and competition; the inability to fund operations and/or secure any future strategic investments necessary to implement new technologies; the inability to build a sustainable and conscientious business with a stronger online presence through new products in esports and gaming; failure to obtain or maintain one or more gaming licenses; and that market conditions related to the COVID-19 pandemic could adversely affect the results of the Company’s business or operations, including its results and financial condition. Except as required by securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. The Company undertakes no obligation to update forward-looking statements, except as required by applicable securities laws. Readers are cautioned not to place undue reliance on forward-looking statements.

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.