ACCESS Newswire
15 Jan 2022, 03:08 GMT+10
VANCOUVER, BC / ACCESSWIRE / January 14, 2022 / Yo Eleven Gaming Inc. (the 'Company' or 'Yo Eleven') announces that it intends to conduct a non-brokered private placement to raise up to $750,000 (this 'Financing') through the issuance of up to 15,000,000 units at the price of $0.05 per unit. Each unit shall consist of one common share and one common share purchase warrant (a 'Warrant'). Each Warrant shall entitle the holder to acquire one common share at the price of $0.25 per common share for a period of three years. The warrants shall contain an acceleration provision, which may be triggered, once the Company's shares have been publicly listed for trading and have traded at a price of $0.50 per common share for 15 (fifteen) consecutive trading days.
The proceeds from this Financing will be used for general working capital purposes.
The securities that may be issued in connection with this Financing shall include a hold period in accordance with the applicable securities laws. There may be finder's fees payable in respect to this Financing.
About Yo Eleven Gaming Inc.
Yo Eleven Gaming Inc. plans to be a sports betting and online gaming company. Yo Eleven's mission is to bring people together in a fun and engaging environment while supporting gaming operators with a streamlined platform to manage their businesses.
For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681-0204 ext. 6105.
On behalf of the Board of
Yo Eleven Gaming Inc.
'Jake H. Kalpakian'
Jake H. Kalpakian
President & CEO
Securities of the Company should be considered speculative.
Certain statements contained herein are 'forward-looking'. Forward-looking statements may include, among others, statements regarding future plans, proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as 'may', 'would', 'could', 'will', 'likely', 'enable', 'feel', 'seek', 'project', 'predict', 'potential', 'should', 'might', 'objective', 'believe', 'expect', 'propose', 'anticipate', 'intend', 'plan', 'plans', 'mission', 'estimate', and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections and estimations, there can be no assurance that these assumptions, projections or estimations are accurate. Readers, shareholders and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions or expectations upon which they are based might not occur.
SOURCE: Yo Eleven Gaming Inc.
Get a daily dose of Canada Standard news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Canada Standard.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
(Photo credit: Bill Streicher-Imagn Images) Edmundo Sosa, Alec Bohm and Kyle Schwarber homered as the Philadelphia Phillies topped...
(Photo credit: Daniel Kucin Jr.-Imagn Images) Ceddanne Rafaela hit a two-run home run as part of a seven-run third inning that carried...
(Photo credit: John E. Sokolowski-Imagn Images) Addison Barger hit an RBI single with two outs in the 11th inning and the Toronto...
(Photo credit: Troy Taormina-Imagn Images) The Memphis Grizzlies agreed to a deal with free agent center Jock Landale, per ESPN....
(Photo credit: Troy Taormina-Imagn Images) Bobby Jenks, a member of the 2005 Chicago White Sox World Series championship team, died...