Tillkännagivande • Jan 14
VIP Entertainment Technologies Inc. Announces Strategic Memorandum of Understanding for BPT Token VIP Entertainment Technologies Inc. announced, under a non-binding Memorandum of Understanding, that it intends to adapt BPT Token as the primary currency of its global gaming and entertainment platform, Alchemist Republic. Under this MOU, BPT Token is intended to function as a utility token, serving as a core medium for payments, rewards, and access to various content and services within the Alchemist Republic platform. Through this integration, VIP aims to enhance user engagement and progressively implement a Web3-enabled digital economy across its platform ecosystem. BPT Token is currently listed and actively traded on the global cryptocurrency exchange Gate.io. By integrating an externally traded token as the platform's base currency, the Company expects to establish an open, market-linked platform economy, moving beyond a closed, internal point-based system. Through this initiative, VIP expects to achieve the following strategic objectives: Enhanced consistency across platform payment and reward systems; Improved accessibility for global users; A scalable economic infrastructure applicable to future game and content onboarding. The Company plans to continue the phased enhancement of the Alchemist Republic platform, including platform renewal, onboarding of new games and content, and further Web3-oriented functionality. Updates on material developments will be provided through future disclosures. Any definitive or binding agreement, if any, will be subject to further internal approvals and applicable regulatory requirements. Tillkännagivande • Jun 24
VIP Entertainment Technologies Inc., Annual General Meeting, Aug 12, 2025 VIP Entertainment Technologies Inc., Annual General Meeting, Aug 12, 2025. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$611k). Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Revenue is less than US$1m (CA$429k revenue, or US$316k). Market cap is less than US$10m (CA$194.7k market cap, or US$143.2k). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Tillkännagivande • Jul 16
VIP Entertainment Technologies Inc. announced that it expects to receive CAD 0.75 million in funding VIP Entertainment Technologies Inc. announced a non-brokered private placement of up to 25,000,000 units at a price of CAD 0.03 per unit for the gross proceeds of CAD 750,000 on July 15, 2024. Each unit will comprise of one common share of the Company and one half share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of CAD 0.08 for a period of 18 months from the date of issuance. The Company does not intend to list the Warrants for trading. Upon closing of the Offering, the Company may pay to eligible third parties a finder's fee of up to 8% of the aggregate gross proceeds of the Offering in consideration for the introduction of subscribers to the offering. The Company has received commitments in excess of CAD 400,000 in regards to the Offering. The offering is scheduled to close on or about August 15, 2024 and completion of the Offering is subject to certain conditions including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. Board Change • May 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. CEO, President & Director Randy Jennings was the last director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 16
VIP Entertainment Technologies Inc. Announces CFO Changes VIP Entertainment Technologies Inc. introduced new CFO, Inez Ho. Inez offers her experience in the public sector and will replace the outgoing CFO, Scott Seguin, who will remain in his role as a Director. New Risk • Apr 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% 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 Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$611k). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Revenue is less than US$1m (CA$429k revenue, or US$316k). Market cap is less than US$10m (CA$1.56m market cap, or US$1.15m). Tillkännagivande • Apr 05
VIP Entertainment Technologies Inc. announced that it has received CAD 0.59325 million in funding from Planet Ventures Inc. On April 3, 2024, VIP Entertainment Technologies Inc. closed the transaction. The company issued 11,865,000 units at a price of CAD 0.05 per Unit for aggregate gross proceeds of CAD 593,250. Each Unit will comprise of one common share of the company and one half share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at a price of CAD 0.1 for a period of 18 months from the date of issuance. The transaction included participation from new investor Planet Ventures Inc. for 4,000,000 units at a price of CAD 0.05 per Unit for aggregate gross proceeds of CAD 200,000. Prior to the Acquisition, the investor did not beneficially own or control any securities of company. Following the Acquisition, the investor holds an aggregate of 4,000,000 units, representing 10.27% of the issued and outstanding shares on an undiluted basis and 15.41% of the issued and outstanding shares on a partially diluted basis based on an aggregate of 38,931,252 shares issued and outstanding.
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 23 placees and 1 existing insider for 4,000,000 units. Reported Earnings • Mar 03
Full year 2023 earnings released: CA$0.097 loss per share (vs CA$0.36 loss in FY 2022) Full year 2023 results: CA$0.097 loss per share (improved from CA$0.36 loss in FY 2022). Revenue: CA$429.2k (up 12% from FY 2022). Net loss: CA$1.90m (loss narrowed 39% from FY 2022). New Risk • Jan 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 33% This is considered a minor 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 Share price has been highly volatile over the past 3 months (33% average weekly change). Negative equity (-CA$528k). Revenue has declined by 23% over the past year. Revenue is less than US$1m (CA$430k revenue, or US$318k). Market cap is less than US$10m (CA$1.22m market cap, or US$901.4k). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Tillkännagivande • Jan 12
VIP Entertainment Technologies Inc. (TSXV:VIP) completed the acquisition of Bet Rewards Ltd. VIP Entertainment Technologies Inc. (TSXV:VIP) entered into share agreement to acquire Bet Rewards Ltd. for CAD 0.32 million on December 1, 2023. Pursuant to the terms of the share purchase agreement, VIP will acquire all of the outstanding shares of Bet Rewards in consideration for CAD 0.55 million which would be satisfied through the issuance of 6,470,590 common shares. In addition, the key individuals at Bet Rewards will have the opportunity to earn additional performance warrants of VIP through meeting certain revenue targets over the next 18 months following the closing of the transaction. Randy Jennings has been appointed as the new Chief Executive Officer. Completion of the acquisition of Bet Rewards is subject to the receipt of any required regulatory approvals, including from the TSX Venture Exchange.
VIP Entertainment Technologies Inc. (TSXV:VIP) completed the acquisition of Bet Rewards Ltd. on January 12, 2024. Tillkännagivande • Dec 23
VIP Entertainment Technologies Inc., Annual General Meeting, Feb 21, 2024 VIP Entertainment Technologies Inc., Annual General Meeting, Feb 21, 2024. Tillkännagivande • Dec 20
VIP Entertainment Technologies Inc. announced that it expects to receive CAD 0.65 million in funding VIP Entertainment Technologies Inc. announced a non-brokered private placement of 13,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 650,000 on December 20, 2023. Each Unit will comprise of one common share of the Company and one half share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at a price of CAD 0.1 for a period of 18 months from the date of issuance. The Offering is scheduled to close on or about January 31, 2024 and completion of the Offering is subject to certain conditions including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The transaction is subject to compliance with applicable regulatory requirements and in accordance with National Instrument. Upon closing of the Offering, the Company may pay to eligible third parties a finder's fee of up to
8% of the aggregate gross proceeds of the Offering in consideration for the introduction of subscribers to the offering. Tillkännagivande • Dec 14
VIP Entertainment Technologies Inc. Announces CEO Changes VIP Entertainment Technologies Inc. announced the acquisition of Bet Rewards Ltd. (Bet Rewards). Coupled with its latest acquisition of Bet Rewards and pursuant to its new aggressive growth initiatives VIP announced that Randy Jennings has been appointed as the new Chief Executive Officer (CEO). Randy Jennings is the founder of VIP and has extensive knowledge of the gaming and gambling industry. Randy is a former professional poker player and has been involved in both the ownership and operations of both on-line, as well as physical gambling locations. As VIP moves forward to expand its operations into the regulated gambling industry the Board of Directors felt that Randys experience will be invaluable. Bob Lunde, will remain with the Company as a Board member and the Company is very grateful for the effort and time that Bob spent as the interim CEO. Bob will continue to assist the Company in the capital markets. Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.024 loss per share (vs CA$0.15 loss in 3Q 2022) Third quarter 2023 results: CA$0.024 loss per share (improved from CA$0.15 loss in 3Q 2022). Revenue: CA$133.7k (up 17% from 3Q 2022). Net loss: CA$492.0k (loss narrowed 79% from 3Q 2022). New Risk • Sep 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$998k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$998k free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Negative equity (-CA$374k). Revenue has declined by 15% over the past year. Revenue is less than US$1m (CA$410k revenue, or US$302k). Market cap is less than US$10m (CA$1.44m market cap, or US$1.06m). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Tillkännagivande • Jul 27
VIP Entertainment Technologies Inc. Announces CEO Changes VIP Entertainment Technologies Inc. announced that Bob Lunde has been appointed as the new Chief Executive Officer (CEO). Bob Lunde, who became a director in February 2023 has become instrumental in formulating the companies metaverse and AI strategies-see previous news release dated June 8, 2023. Mr. Lunde has been involved with numerous public companies in the past in officer and director roles. With his operational experiences and his 40 years in and around the capital markets, the Board of VIP feels Mr. Lunde can best leverage his contacts and relationships as the CEO of the company. Joel Donais has resigned as CEO but will remain on the board of directors. Reported Earnings • Jun 02
First quarter 2023 earnings released: CA$0.035 loss per share (vs CA$0.008 loss in 1Q 2022) First quarter 2023 results: CA$0.035 loss per share (further deteriorated from CA$0.008 loss in 1Q 2022). Revenue: CA$166.3k (up 55% from 1Q 2022). Net loss: CA$638.8k (loss widened CA$558.1k from 1Q 2022). Tillkännagivande • May 13
VIP Entertainment Technologies Inc. announced that it has received CAD 0.6377 million in funding On May 11, 2023, VIP Entertainment Technologies Inc. closed the transaction. The company has issued 2,550,800 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 637,700 in the transaction. The transaction included from participation from 30 placees including six existing insiders for 378,000 units and Randy Jennings and Theresa Jennings, insiders of the company, acquired 120,000 units each for CAD 60,000 in connection with the offering. Certain management and directors in the transaction for 638,000 units for the proceeds of CAD 159,500. An aggregate of $5,400 and 21,600 units were issued as compensation to certain finders. All securities issued pursuant to the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. Tillkännagivande • May 12
VIP Entertainment Technologies Inc. announced that it has received CAD 0.6377 million in funding VIP Entertainment Technologies Inc. closed a non-brokered private placement, through the
issuance of 2,550,800 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 637,700. The transaction included participation from certain management and directors in the transaction for for 638,000 units for the proceeds of CAD 159,500. Each unit will be comprised of one common share in the capital of the Corporation and one half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one common share in the capital of the Corporation at a price of $0.50 per share, on or before the date that is two years from the Closing Date. An aggregate of $5,400 and 21,600 Units were issued as compensation to certain finders. All securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Tillkännagivande • May 11
VIP Entertainment Technologies Inc. (TSXV:VIP) completed the acquisition of Contagious Sports Limited. VIP Entertainment Technologies Inc. (TSXV:VIP) signed an arm’s length binding letter of intent to acquire Contagious Sports Limited on April 4, 2023. The deal also includes acquisition of Contagious United Kingdom Gaming License. The transaction is subject to negotiation of definitive documentation and the receipt of any required regulatory approvals. VIP expects to complete a definitive agreement within the next few days.VIP Entertainment Technologies Inc. (TSXV:VIP) completed the acquisition of Contagious Sports Limited on May 10, 2023. Reported Earnings • May 04
Full year 2022 earnings released: CA$0.36 loss per share (vs CA$0.067 loss in FY 2021) Full year 2022 results: CA$0.36 loss per share (further deteriorated from CA$0.067 loss in FY 2021). Revenue: CA$384.2k (down 29% from FY 2021). Net loss: CA$3.12m (loss widened 345% from FY 2021). Tillkännagivande • Feb 16
VIP Entertainment Technologies Inc. Announces Board of Directors Changes VIP Entertainment Technologies Inc. announced the appointment of Robert (Bob) Lunde to its board. Bob brings a wealth of knowledge and experience to its team having served in the public markets for over 40 years, starting as a floor-trader on the original Vancouver Stock Exchange in the 1982. Bob has previously been an officer and director of numerous public companies across various industries. His business acumen as well as his public market experience will serve VIP well. The company announced that Mr. Michael Mansfield has resigned from the Board of Directors, effective immediately. Board Change • Dec 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • Dec 16
VIP Entertainment Technologies Inc. announced that it has received CAD 0.4868 million in funding VIP Entertainment Technologies Inc. announced a non-brokered private placement of 9,736,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 486,800 on December 15, 2022. The transaction included participation of certain management and directors of the company for 2,330,000 units for gross proceeds of CAD 116,500. Each unit comprises of one common share and one-half of common share purchase warrant. Each warrant entitles the holder to acquire one common share from the company at a price of CAD 0.10 per common share until December 15, 2024. All securities issued pursuant to the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. Reported Earnings • Dec 02
Third quarter 2022 earnings released Third quarter 2022 results: CA$0.03 loss per share. Net loss: CA$2.34m (flat on 3Q 2021). Reported Earnings • Aug 20
First quarter 2022 earnings released First quarter 2022 results: CA$0.002 loss per share. Net loss: CA$80.6k (flat on 1Q 2021). Tillkännagivande • Aug 17
VIP Entertainment Technologies Inc. (TSXV:VIP) signed a letter of intent to acquire Wallfair N.V. and Wallfair Ltd. for CAD 0.45 million. VIP Entertainment Technologies Inc. (TSXV:VIP) signed a letter of intent to acquire Wallfair N.V. and Wallfair Ltd. for CAD 0.45 million on August 15, 2022. The completion of acquisition of Wallfair is subject to a number of conditions, including, but not limited to, completion of due diligence, negotiation of definitive documentation and the receipt of any required regulatory approvals. Tillkännagivande • Jul 21
VIP Entertainment Technologies Inc., Annual General Meeting, Sep 30, 2022 VIP Entertainment Technologies Inc., Annual General Meeting, Sep 30, 2022. Tillkännagivande • Jul 20
VIP Entertainment Technologies Inc. Launches New Platform VIP Entertainment Technologies Inc. announced that it has launched its new Free to Play customer facing platform, and entered into a strategic partnership with PrimeDomain ("Prime") of Portland, Oregon. VIP's launch of its highly anticipated Free-to-Play network, began with the full launch of its newest site,www.VIPFree2Play.com, offering individuals entertainment products, games, and free-to-use products.VIP believes adding entertainment and engagement products aside from gambling focused products isintegral to its growth, and enjoyment for its users. This network will be comprised of new products andinitiatives, such as the site VIPFree2Play, new games and contests. Certain parts of these initiatives willbe proprietary to VIP, while others will be through strategic partnerships. The first of these strategicpartnerships is with Prime. Prime has built a global network of users offering a wide range of servicesfrom PrimeOne Chat (www.primeonechat.com), PrimeOne TV (www.primeonetv.com) and various otheronline and digital solutions. As a multi-faceted technology company, Prime is bringing with it thousandsof users to the VIP network via this partnership. VIP expects to drive revenue through both advertisingon the free to play site as well as subscription revenue through the partnership with Prime One. Tillkännagivande • Jul 09
ANC Capital Ventures Inc. announced that it has received CAD 2.0065 million in funding On July 7, 2022, ANC Capital Ventures Inc. closed the transaction. The company amended the terms of the transaction. The company issued 8,026,000 subscription receipts at a price of CAD 0.25 for gross proceeds of CAD 2,006,500. Market Tactic Media Ltd., an arm's-length party, was paid a finder’s fee in the amount of 770,000 shares at the offering price of $0.21 per share.