Aankondiging • Oct 26
React Gaming Group Inc.'s Listing to Transfer to NEX In accordance with TSX Venture Policy 2.5, React Gaming Group Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on October 27, 2023, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Montreal to NEX. As of October 27, 2023, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from RGG to RGG.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture bulletin dated June 2, 2023, trading in the shares of the Company will remain suspended. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice. Aankondiging • May 10
React Gaming Group Inc. Appoints Normand Bellemare to its Board of Directors React Gaming Group Inc. announced the appointment of Normand Bellemare to the board of directors. Mr. Bellemare has extensive experience in the field of sales, after receiving a Bachelor's degree in Social Communication. Over the years, he has won several awards of excellence from major international companies. In 1998, he created a company, Runes Technologiques. Mr. Bellemare has also been in charge of sales at Renaps Info. Reported Earnings • Dec 02
Third quarter 2022 earnings released: CA$0.013 loss per share (vs CA$0.013 loss in 3Q 2021) Third quarter 2022 results: CA$0.013 loss per share (in line with 3Q 2021). Revenue: CA$792.2k (up CA$759.2k from 3Q 2021). Net loss: CA$2.10m (loss widened 38% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Aankondiging • Nov 19
React Gaming Group Inc. Announces Resignation of Michael Wagen as Director React Gaming Group Inc. at the annual general and special meeting of shareholders held on November 17, 2022 announced Michael Wagen who, as a result of the vote, has resigned as a director, effective immediately. Aankondiging • Nov 15
React Gaming Group Inc. Appoints Leigh Hughes as Its Permanent CEO React Gaming Group Inc. announce that it has retained Leigh Hughes as its permanent CEO. As previously reported, Leigh Hughes is an entrepreneur and venture capitalist with over 20 years of experience working with private and public companies across the globe, particularly in North America, Australia and the Asia-Pacific region. He is also the founder of COMVERJ Ventures, which helps clients identify opportunities for change in the fields of mergers and acquisitions, capital markets, business strategy and innovation. COMVERJ Ventures has worked with numerous public companies in the United States, Canada, Australia and Europe. Aankondiging • Oct 25
React Gaming Group Inc. announced that it expects to receive CAD 5 million in funding React Gaming Group Inc. announced a non-brokered private placement of up to 50,000,000 units a price of CAD 0.10 per unit for gross proceeds of CAD 5,000,000 on October 24, 2022. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share for a period of 48 months from the date of issue of the warrants, subject to the occurrence of an acceleration event at an exercise price of CAD 0.12 per warrant share. If the daily volume weighted average trading price of the shares on the TSX Venture Exchange, for 10 consecutive trading days equals or exceeds CAD 0.30, and as adjusted in accordance with the terms of the warrant, the company may accelerate the expiry date of the warrants by issuing a press release announcing the Acceleration Event and the new expiry date which will be the 30th calendar day after the date of such press release. Pursuant to the terms of the private placement, the company intends to issue up to 50,000,000 shares and 50,000,000 warrants. The company shall pay eligible arm’s length parties, a cash fee of 6% of the aggregate value of units sold pursuant to the private placement in respect of units referred to the corporation or directly sourced by the finder and issued on the closing of the first tranche of the private placement; and a number of finders warrants equal to 8% of the units sold that were referred to or directly sourced by the finder to the company. The finder warrants will be issued on the same terms as the warrants. The company will complete multiple closings of the private placement as the company receives subscriptions. Each closing is subject to a number of conditions, including, without limitation, approval of the TSXV, and receipt of all necessary corporate and regulatory approvals. All securities issued under the private placement will be subject to a hold period that will expire four months and one day from the date of the applicable closing of the private placement.
On the same date, the company issued 6,350,000 units for gross proceeds of CAD 635,000 in its first tranche. The company issued 6,350,000 shares and 6,350,000 warrants under the first tranche of the private placement. The hold period applicable to the securities issued under the first tranche of the private placement will expire on February 22, 2023. Aankondiging • Sep 24
React Gaming Group Inc., Annual General Meeting, Nov 17, 2022 React Gaming Group Inc., Annual General Meeting, Nov 17, 2022. Reported Earnings • Aug 25
Second quarter 2022 earnings released: CA$0.009 loss per share (vs CA$0.006 loss in 2Q 2021) Second quarter 2022 results: CA$0.009 loss per share (down from CA$0.006 loss in 2Q 2021). Net loss: CA$1.53m (loss widened 112% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Jul 06
React Gaming Group Inc. Accepts Resignation of Marc Brassard as Director React Gaming Group Inc. accepted the resignation of Marc Brassard as a director of the Corporation, to pursue other opportunities. Reported Earnings • Jun 02
First quarter 2022 earnings released: CA$0.022 loss per share (vs CA$0.003 loss in 1Q 2021) First quarter 2022 results: CA$0.022 loss per share (down from CA$0.003 loss in 1Q 2021). Net loss: CA$3.38m (loss widened CA$3.05m from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • May 03
Full year 2021 earnings released: CA$0.045 loss per share (vs CA$0.016 loss in FY 2020) Full year 2021 results: CA$0.045 loss per share (down from CA$0.016 loss in FY 2020). Net loss: CA$5.18m (loss widened 369% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Mike Curtis is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Mar 01
Intema Solutions Inc. (TSXV:ITM) completed the acquisition of Parabellum Media Inc. Intema Solutions Inc. (TSXV:ITM) entered into a letter of intent to acquire Parabellum Media Inc for CAD 0.7 million on December 7, 2021. For a total consideration of CAD 0.7 million, to be paid in common shares of Intema, which shares will be subject to a voluntary escrow on to the following terms: (i) 25% of the shares will be subject to a resale restriction of four months and one day from the Closing Date; (ii) An additional 25% of the shares will be subject to a resale restriction of 12 months from the Closing Date; (iii) An additional 25% of the shares will be subject to a resale restriction of 18 months from the Closing Date; and (iv) The remaining 25% of the shares will be subject to a resale restriction of 24 months from the Closing Date. The Proposed Transaction is subject to completion of mutual due diligence, execution of the Definitive Agreement and the approval of the TSX Venture Exchange, and is expected to close in January 2022.
Intema Solutions Inc. (TSXV:ITM) completed the acquisition of Parabellum Media Inc on February 28, 2022. In consideration, the corporation will issue up to 1,845,000 common shares of the corporation at a deemed price of CAD 0.306 per share, of which 1,700,000 have been issued, and a balance of up to 145,000 will be issued upon completion of the closing financial statements review. Aankondiging • Feb 20
Intema Solutions Inc. (TSXV:ITM) acquired Livestream Gaming Ltd Intema Solutions Inc. (TSXV:ITM) entered into a binding letter of intent to acquire Livestream Gaming Ltd for $14.75 million on April 30, 2021. Intema Solutions Inc. (TSXV:ITM) entered into a definitive share purchase agreement to acquire Livestream Gaming Ltd on January 27, 2022. The consideration includes $8 million in cash, (ii) $4 million by the issuance of a secured vendor take back note of Intema bearing 12% interest from the date of any default and (iii) $2.75 million payable by the issuance of 6,470,588 Intema common shares as of the date of signing of the definitive agreement. Intema will also pay $3 million in cash, subject to the achievement of milestones (i) $1.5 million if Livestream generates minimum gross gaming revenue of $7,500,000 during the 12-month period following the closing date, and (ii) an additional $1.5 million, if Livestream generates minimum gross gaming revenue of $11,250,000 during the 13- to 24-month period following the closing date. As of October 6, 2021, Intema Solutions has completed a second tranche of its non brokered private placement of subscription receipts bringing the total gross proceeds to $10 million of a maximum of $15 million. The second tranche consisted of the issuance of 8.6 million subscription receipts at a price of $0.50 per Subscription Receipt for gross proceeds of $4.3 million. Prior to the closing of the Proposed Transaction, Intema will complete a private placement of subscription receipts for aggregate gross proceeds of a minimum of $10 million. Livestream reported a revenue of $3.9 million and net profit of $0.09 million during the period ending December 31, 2020. The transaction is subject to (i)The receipt of all required financial statements of Livestream (ii)Completion of the Concurrent Financing and receipt of proceeds (iii)Approval of the TSXV in respect of the Proposed Transaction (iv) Approval of the shareholders of the Corporation (v) Completion of mutual due diligence and Receipt of any required third-party consents etc. As of June 17, 2021, Intema intends to complete a non-brokered private placement for aggregate gross proceeds of a minimum of $10 million and a maximum of $15 million and the net proceeds raised under the Private Placement will be used for its expansion and business development activities, including the Proposed Transaction, general working capital and for corporate purposes. As of November 16, 2021, the transaction has received conditional approval by TSX Venture Exchange (the “TSXV”). The transaction is expected to be closed in the third quarter of 2021. As of January 27, 2022, after receiving final regulatory approval, the transaction is expected to close on or about February 7, 2022. As of February 14, 2022, the Interma has received the Isle of Man online gaming license. As of February 18, 2022, Intema has acquired all of the issued and outstanding securities in the capital of Livestream. For the year ended December 31, 2021, Livestream recorded gross gaming revenue of 2.2 million and a net loss of 173,818 euros.
Intema Solutions Inc. (TSXV:ITM) completed the acquisition of Livestream Gaming Ltd on February 18, 2021. Aankondiging • Feb 15
Intema Announces Receipt of Isle of Man Online Gaming License Intema Solutions Inc. announced that it has received the Isle of Man online gaming license. This fulfills the last condition set by regulatory authorities for final approval of the acquisition of Livestream Gaming Inc. Aankondiging • Dec 10
Intema Solutions Inc. (TSXV:ITM) entered into a letter of intent to acquire Parabellum Media Inc for CAD 0.7 million. Intema Solutions Inc. (TSXV:ITM) entered into a letter of intent to acquire Parabellum Media Inc for CAD 0.7 million on December 7, 2021. For a total consideration of CAD 0.7 million, to be paid in common shares of Intema, which shares will be subject to a voluntary escrow on to the following terms: (i) 25% of the shares will be subject to a resale restriction of four months and one day from the Closing Date; (ii) An additional 25% of the shares will be subject to a resale restriction of 12 months from the Closing Date; (iii) An additional 25% of the shares will be subject to a resale restriction of 18 months from the Closing Date; and (iv) The remaining 25% of the shares will be subject to a resale restriction of 24 months from the Closing Date. The Proposed Transaction is subject to completion of mutual due diligence, execution of the Definitive Agreement and the approval of the TSX Venture Exchange, and is expected to close in January 2022. Aankondiging • Dec 01
Intema Submits Application to Become A Fully Registered Internet Gaming and Sports Betting Operator in Ontario Intema Solutions Inc. announced that it has applied to the Alcohol and Gaming Commission of Ontario (AGCO) to become a fully registered operator of Internet gaming and sports betting in Ontario. Reported Earnings • Nov 23
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.017 loss per share (down from CA$0.002 loss in 3Q 2020). Net loss: CA$2.02m (loss widened CA$1.87m from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 163% per year, which means it is well ahead of earnings. Board Change • Nov 23
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Laurent Benezra is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.