공시 • Mar 13
Contagious Gaming Inc., Annual General Meeting, May 28, 2024 Contagious Gaming Inc., Annual General Meeting, May 28, 2024. New Risk • Mar 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$222k free cash flow). Shares are highly illiquid. Negative equity (-CA$2.4m). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$471.1k market cap, or US$349.7k). New Risk • Feb 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$242k free cash flow). Shares are highly illiquid. Negative equity (-CA$2.3m). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$942.2k market cap, or US$695.3k). 공시 • Sep 20
Contagious Gaming Inc. announced that it has received CAD 0.1305 million in funding On September 19, 2022, Contagious Gaming Inc. closed the transaction. In connection with the offering, the company has paid 6% finder’s fees to eligible finders by issuing a total of 522,000 finder’s warrants and 522,000 finder’s shares. Each Finder’s Warrant is exercisable to purchase one additional common share at a purchase price of CAD 0.05 until September 19, 2024. 공시 • Jun 07
Contagious Gaming Inc. announced that it expects to receive CAD 0.075 million in funding Contagious Gaming Inc. announces a non-brokered private placement of 5,000,000 units at price of CAD0.015 for gross proceeds of CAD75,000 pursuant to a discretionary waiver of the CAD0.05 minimum pricing requirement granted by the TSX venture exchange. Each unit will consist of one common share plus one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of CAD0.05 for a period of two years from the closing of the offering. The company may pay a finder’s fee on the offering within the amount permitted by the policies of the TSX venture exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance. 공시 • Mar 01
Contagious Gaming Inc. announced that it expects to receive CAD 0.5 million in funding Contagious Gaming Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD $0.025 per share for gross proceeds of up to CAD 500,000 on February 28, 2022. The company may pay a finder’s fee on the transaction within the amount permitted by the policies of the TSX Venture Exchange. All securities issued are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the transaction is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Exchange. 공시 • Nov 27
Contagious Gaming Inc. announced that it expects to receive CAD 1 million in funding Contagious Gaming Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.05 per share for gross proceeds of up to CAD 1,000,000 on November 25, 2021. Each unit will consist of one common share plus one common share purchase warrants. Each warrant will entitle the holder to purchase one additional share at a price of CAD 0.05 for a period of two years from the closing of the transaction. The company may pay a finder’s fee on the transaction within the amount permitted by the policies of the TSX Venture Exchange. All securities issued are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the transaction is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Exchange. 공시 • Jul 15
Contagious Gaming Inc. announced that it expects to receive CAD 1 million in funding Contagious Gaming Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.05 per share for gross proceeds of up to CAD 1,000,000 on July 14, 2021. Each unit will consist of one common share plus one common share purchase warrants. Each warrant will entitle the holder to purchase one additional share at a price of CAD 0.07 for a period of two years from the closing of the transaction. The company may pay a finder’s fee on the transaction within the amount permitted by the policies of the TSX Venture Exchange. All securities issued are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the transaction is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Exchange. Recent Insider Transactions • Mar 11
Director recently sold CA$170k worth of stock On the 5th of March, Justin Barragan sold around 2m shares on-market at roughly CA$0.092 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$169k more than they bought in the last 12 months. 공시 • Jul 22
Contagious Gaming Inc. Announces Management Changes Contagious Gaming In announced changes to its officers and directors. Peter Glancy has resigned as the company's Chief Executive Officer. The company's board of directors have appointed Craig Loverock as Interim Chief Executive Officer.