BIG DEAL: Fansunite Closes Upsized And Oversubscribed $13.4 Million Private Placement Of Special Warrants Led By Gravitas Securities Inc.

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Canada: BIG DEAL: Fansunite Closes Upsized And Oversubscribed $13.4 Million Private Placement Of Special Warrants Led By Gravitas Securities Inc.

13 January 2021

Minden Gross LLP

FansUnite Entertainment Inc. (CSE: FANS) ("FansUnite"), a technology company providing leading online gaming solutions, closed an oversubscribed $13.4 million private placement of special warrants ("Special Warrants"). FansUnite intends to file a (final) short form prospectus to qualify the distribution of the units underlying the Special Warrants. Gravitas Securities Inc. acted as lead agent and sole bookrunner in connection with the offering with a syndicate that included Haywood Securities Inc. and Mackie Research Capital Corporation (collectively, the "Agents").

Minden Gross LLP acted for the Agents with a team led by Andrew Elbaz (Partner), Alexander Katznelson (Associate), and Darren Nguyen (Associate) – Securities and Capital Markets.

Read the media release here:
FansUnite Entertainment Announces Closing of Upsized and Oversubscribed $13.4 Million Private Placement Led by Gravitas Securities Due to Strong Investor Demand (newsfilecorp.com)