Remind me
Vancouver, British Columbia–(Newsfile Corp. – August 4, 2020) – Brand X Lifestyle Corp., (CSE: BXXX) (“Brand X” or the “Company”) is pleased to announce updates on its investment in FansUnite Entertainment Inc. (“FansUnite”). On July 31, 2020, FansUnite and Askott Entertainment (“Askcott”) closed their brokered private placement of 12,524,615 Subscription Receipts at a price of $0.40 per Subscription Receipt for aggregate gross proceeds of $5,009,846 (the “Private Placement”).
“We are very excited to announce the oversubscribed financing completed by our investees FansUnite and Askott as it will provide them with the necessary capital to continue to execute their business plan and build shareholder value for both FansUnite and Brand X shareholders, ” commented Luke Montaine, COO of Brand X.
For more detailed information on the private placement terms and approval click link below:
https://www.stockwatch.com/News/Item?bid=Z-C%3aFANS-2942141&symbol=FANS®ion=C
About Askott Entertainment Inc.
Askott is a Vancouver based software development company with a team that has been building award-winning online gambling software since 2013. Askott has produced a one of a kind complete iGaming platform, Chameleon Gaming Platform, with an esports first focus geared for the next generation of online bettors and casino players. The platform includes products for pre-match betting, in-play betting, daily fantasy, content and a certified RNG to produce casino style chance games. Askott has been using the Chameleon platform for their own free-to-play internal brands as well as recently signed external real-money partners.
About FansUnite Entertainment Inc.
FansUnite is a generation-based sports and entertainment company similar to regulated and legal online games and other similar products. The core business operates FansUnite Sportsbook and the online page of its wholly owned subsidiary, McBookie Limited, which offers online gaming in the UK market. FansUnite is also a provider of generation, product and gaming and entertainment solutions, and seeks to obtain high-growth generation platforms and assets in new or future markets.
About Brand X Lifestyle Corp.
Brand X is an investment issuer that actively invests in a diversified portfolio of mid-tier companies. The X brand builds on its extensive network of global operators and opinion leaders to provide investors with unheard-of access to investments that are generally not available for the average retail investor. In addition to Ag Tech and Mining Tech IP, the X logo portfolio now includes high-value assets within the Global Hemp Consumer Brand vertical sector. Brand X supplies capital, delights with emerging market leaders in progressive health, wellness and generation spaces, while creating shareholder value.
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