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Sheldon Inwentash $IDK.ca $IDKFF Discusses The Digitization Shock Happening In Canada And His Experience Investing In New Technologies $IP.ca $IPNFF $PKK.ca $PKKFF $MTRX $RACMF

Posted by AGORACOM-JC at 4:50 PM on Thursday, January 14th, 2021
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Entrepreneur Sheldon Inwentash is the founder and President of Toronto’s ThreeD Capital, a venture capital firm focused on investments in companies operating in junior resources, blockchain, artificial intelligence, psychedelics, electric vehicles and other sectors.

For Sheldon, a career that began in the life insurance industry as an oil and gas analyst quickly evolved into one that would include the creation of five companies and nine CEO roles, including a 20-year stay as the founder of Pinetree Capital.

In addition to providing companies with investment strategies, Sheldon provides counsel and guidance to C-suite executives. He has financed hundreds of public and private start-up companies, many of which went on to have successful exits.

We recently spoke with Sheldon about the digitization shock happening in Canada and his experience with investing in new technology.

During COVID, all you have to do is turn on the news to learn about the various digital strategies that companies have had to implement. Do you think digitization will continue to impact the way businesses operate, even after the pandemic is over?

Sheldon Inwentash: Yes. COVID definitely accelerated digitization, but I believe that whether there was a pandemic or not, we were going to see it happen. Even after COVID is over, people will be more embedded in working remotely and going through the digital mechanics. Whether it’s through a ZOOM call or shifting your business to eCommerce, my feeling is that we are in the midst of a digital acceleration, and this way of life will be with us indefinitely.

The stock market is at an all time high and junior cap stocks are on a tear. How do you think the digital revolution influenced this?

Sheldon Inwentash: There are a lot of digital technology stocks that are on the rise. There are also a lot of companies that, because of people having to purchase items online, have seen a sharp increase in stocks. I think the market is also discounting a pent-up demand on many fronts. Whether it’s the anticipation of airline stocks, oil and gas stocks, the green revolution – I think it’s a great time to be an investor because there are so many different verticals that are exciting and interesting to invest in. Frankly, I see this continuing over the long term.

ThreeD Capital invests in a range of industries, including blockchain technology, electric vehicles and AI. What about the future of technology piques your interest when it comes to making investment decisions?

Sheldon Inwentash: We have a number of disruptive technologies in our portfolio. These are technologies that change the way we do things or are different from what we’ve done before. They’re more efficient to use. Technology is an integral part of our investment philosophy and we are actively looking on a weekly basis at new emerging technology companies that we think have a chance for exponential growth.

A tech entrepreneur comes to you asking for capital. What do you expect from them in terms of a pitch?

Sheldon Inwentash: I want to hear a clear, concise message. From there, obviously, there’s depth of technology and infrastructure. Time is your enemy in this business. Even before we listen to a pitch, we prefer to get a PowerPoint presentation in advance because then we are able to determine whether or not it’s something that interests us. In some cases, even the PowerPoint isn’t so clear, but we may still be interested. In that case, we expect the founder to be able to communicate in a very succinct and fast matter or otherwise it tends to lose our focus.

What, in terms of venture capital, can investors do to help make Toronto the next Silicon Valley?

Sheldon Inwentash: I think Toronto is underrated in the amount of tech that I see evolving in the city. Anytime you have a number of universities and teaching and research centers within an hour outside of Toronto, which we do, those are the places that spawn all the R&D. Those are the places that come up with great new things.

People are leaving Silicon Valley. There are Silicon Valley’s in every city now because of the digital revolution. Anyone can work, from anywhere, whenever they want now. There’s really no barrier to entry.

In the blockchain space, Toronto is a global leader, but it’s not understood that that’s the case. The only thing that’s missing is capital, but there’s a lot of that in Toronto, as well, so there are opportunities everywhere. Arguably, Toronto doesn’t have to be a Silicon Valley of the north, but it does have its fair share of companies that are spawned here.

Source: https://www.finsmes.com/2021/01/threed-capital-interview-with-founder-chairman-and-ceo-sheldon-inwentash.html

FansUnite Entertainment $FANS.ca $FUNFF Announces Closing of Upsized and Oversubscribed $13.4 Million Private Placement Led by Gravitas Securities Due to Strong Investor Demand $SCR.ca $BRAG.ca $TNA.ca $FDM.ca $JJ.ca

Posted by AGORACOM-JC at 1:05 PM on Monday, January 11th, 2021
  • Completed its previously announced upsized and oversubscribed private placement of transferable special warrants of the Company for aggregate gross proceeds of $13,388,120
  • The Offering consisted of a brokered portion and a non-brokered portion for aggregate gross proceeds of $12,611,250 and $776,870, respectively.

Vancouver, British Columbia–(January 11, 2021) – FansUnite Entertainment Inc. (CSE: FANS) (OTCQB: FUNFF) (“FansUnite” or the “Company“), a technology company providing leading online gaming solutions, is pleased to announce that it has completed its previously announced upsized and oversubscribed private placement of transferable special warrants of the Company (“Special Warrants“) for aggregate gross proceeds of $13,388,120 (the “Offering“). The Offering consisted of a brokered portion (the “Brokered Private Placement“) and a non-brokered portion (the “Non-Brokered Private Placement“) for aggregate gross proceeds of $12,611,250 and $776,870, respectively. Pursuant to the Offering, a total of 21,420,992 Special Warrants, including an aggregate of 2,578,000 Special Warrants issued as a result of the exercise of the agent’s over-allotment option, were sold at a price per Special Warrant of $0.625 (the “Offering Price“).

The Brokered Private Placement was conducted by Gravitas Securities Inc., as lead agent and sole bookrunner (“Gravitas” or the “Lead Agent“) with a syndicate of agents including Haywood Securities Inc. and Mackie Research Capital Corporation (together with the Lead Agent, the “Agents“).

Each Special Warrant entitles the holder thereof to receive one unit of the Company (each, a “Unit“), without payment of additional consideration, with each Unit being comprised of one common share of the Company (a “Common Share“) and one half (1/2) of one transferable Common Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will entitle the holder thereof to acquire one Common Share (each, a “Warrant Share“) at an exercise price of $0.78 (“Warrant Exercise Price“) per Warrant Share for a period of 24 months following the closing of the Offering (the “Closing Date“).

Read More: https://agoracom.com/ir/FansUniteEntertainment/forums/discussion/topics/752736-fansunite-entertainment-announces-closing-of-upsized-and-oversubscribed-13-4-million-private-placement-led-by-gravitas-securities-due-to-strong/messages/2296985#message

ThreeD Capital Inc. $IDK.ca $IDKFF Announces Completion of Private Placement with $ZEU.ca Technologies Inc.

Posted by AGORACOM-JC at 5:11 PM on Thursday, January 7th, 2021
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  • Announced that it has acquired 600,000 units of ZeU Technologies Inc. at a price of $0.25 per Unit.
  • In consideration, the Company has issued an aggregate of 185,185 common shares of the Company at a deemed price of $0.81 per common share.

TORONTO, Jan. 07, 2021 — ThreeD Capital Inc. (the “Company”) (CSE:IDK / OTCQB: IDKFF), a Canadian-based venture capital firm that invests in disruptive companies and promising junior resources companies, is pleased to announce that it has acquired 600,000 units (the “Units”) of ZeU Technologies Inc. (“ZeU”) at a price of $0.25 per Unit. In consideration, the Company has issued an aggregate of 185,185 common shares of the Company at a deemed price of $0.81 per common share (the “Offering”). Each Unit of ZeU consists of one common share (the “Share”) of ZeU and one share purchase warrant (the “Warrant”) of ZeU, with each Warrant being exercisable to acquire one additional Share at an exercise price of C$0.35 for a period of two years following the date of issuance.

Read More: https://agoracom.com/ir/threedcapital/forums/discussion/topics/752576-threed-capital-inc-announces-completion-of-private-placement-with-zeu-technologies-inc/messages/2296550#message

ThreeD Capital $IDK.ca $IDKFF Acquires Securities of Electric Metals (USA) Ltd. through Two Private Placements and Sheldon Inwentash to become Chairman #silver #manganese

Posted by AGORACOM-JC at 11:11 AM on Tuesday, January 5th, 2021
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  • Announced two investments, for a total of $530,000 in Electric Metals (USA) Ltd. a multi-commodity US-based resource company focused on their 100% owned Corcoran Canyon Silver Project in Nevada and Emily Manganese Project in Minnesota.
  • In the first private placement, The Company has acquired 1,000,000 shares (the “Shares”) at a price of $0.20 per Share in EML.
  • In the second private placement, The Company has acquired 1,000,000 Subscription Receipts at a price of $0.33 per Sub Receipts. Each Sub Receipts will entitle ThreeD to receive one (1) common share of EML (a “Common Share”) and one-half (1/2) of one Common Share purchase warrant (each whole warrant, a “Warrant”), with each whole warrant exercisable at $0.60 per Warrant.
  • The Warrants will expire two (2) years from the date of issuance.
  • Sheldon Inwentash has also agreed to come on as Chairman of the Board of Directors to NBS, which will take effect upon the closing of the proposed transaction with NBS.

TORONTO, Jan. 05, 2021 — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQB:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce two investments, for a total of $530,000 in Electric Metals (USA) Ltd. (“EML ”), a multi-commodity US-based resource company focused on their 100% owned Corcoran Canyon Silver Project in Nevada and Emily Manganese Project in Minnesota.

In the first private placement, The Company has acquired 1,000,000 shares (the “Shares”) at a price of $0.20 per Share in EML.

In the second private placement, The Company has acquired 1,000,000 Subscription Receipts (the “Sub Receipts”) at a price of $0.33 per Sub Receipts. Each Sub Receipts will entitle ThreeD to receive one (1) common share of EML (a “Common Share”) and one-half (1/2) of one Common Share purchase warrant (each whole warrant, a “Warrant”), with each whole warrant exercisable at $0.60 per Warrant. The Warrants will expire two (2) years from the date of issuance.

EML signed a definitive scheme implementation agreement, effective 31st December 2020, with NBS Capital Inc. (“NBS”) (TSXV: NBS.P), as announced yesterday by NBS. Pursuant to this Agreement, NBS will acquire all of the shares of EML via share exchange for an equivalent number of NBS shares, which will result in EML becoming a wholly owned subsidiary of NBS. NBS will change its name change to Nevada Silver Corporation on closing of the proposed transaction, reflecting the focus of EML on its principal Nevada silver asset.

Sheldon Inwentash has also agreed to come on as Chairman of the Board of Directors to NBS, which will take effect upon the closing of the proposed transaction with NBS.

Sheldon Inwentash, Chairman and CEO of ThreeD Capital stated “ThreeD Capital prides itself on discovering great companies before they become known to the general investment community, and EML is no exception. With 100% ownership of a US-based primary silver-gold asset with existing resources and significant upside potential, I am confident EML will deliver exceptional value to IDK shareholders.”

Gary Lewis, Director and CEO of EML commented, “We are delighted to welcome ThreeD Capital onto the EML register and Mr. Sheldon Inwentash as our incoming Chairman at such a pivotal time in the company’s development. EML has built a strong asset base and technical capability which, when coupled with the reputation, rolodex and investment nous of Mr. Inwentash, will make for a very compelling combination.”

This Press Release is available on the ThreeD Capital verified forum on AGORACOM. The forum is live and can be found at https://agoracom.com/ir/threedcapital/forums/discussion

About Electric Metals (USA) Ltd.

EML is an unlisted public company incorporated under the laws of New South Wales, Australia. It is a U.S.-based resource company, with its material asset being the 100-per-cent-owned Corcoran Canyon silver project in Nevada. EML also holds a high-grade manganese project in Minnesota, United States.

About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

For further information:
Gerry Feldman, CPA, CA
Chief Financial Officer and Corporate Secretary
[email protected]
Phone: 416-941-8900 ext 106

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Forward-Looking Statements

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to the future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although the Company believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

AGORACOM Small Cap 60: Famed Canadian Investor Sheldon Inwentash $IDK.ca $IDKFF Praises Loop Insights $MTRX $RACMF – MUST SEE

Posted by AGORACOM-JC at 1:06 PM on Thursday, December 31st, 2020
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Famed Canadian Investor Sheldon Inwentash Founder, Chairman and CEO ThreeD Capital praises Loop Insights. Inwentash is extremely impressed with the company’s technology and goes on to say that Loop Insights CEO Rob Anson is the hardest working small cap CEO he knows.

Hub On AGORACOM / Corporate Profile

ThreeD Capital $IDK.ca $IDKFF To Make Largest Investment Into Psychedelics Industry With US$450,000 Investment Into Wuhan General Group (China) Inc. $MTRX.ca $RACMF $SHRM.ca $RVV.ca $MMED $PLNT.ca $HALO.ca $PSYC.ca

Posted by AGORACOM-Eric at 10:30 AM on Wednesday, December 30th, 2020
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 ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQB:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce a US$450,000 investment in Wuhan General Group (China) Inc. (OTC PINK:WUHN) (“Wuhan”), a bioceutical company focused on alternative plant-based cannabinoids and psilocybin medical research.  

The Company will acquire 1,500,000 units (the “Units”) at a price of US$0.30 per Unit. Each Unit will consist of one (1) common share of Wuhan (a “Common Share”) and one Common Share purchase warrant (a “Warrant”) exercisable at US$0.30 per Warrant. The Warrants will expire three (3) years from the date of issuance. The closing date for the private placement will be at the latest on January 31, 2021.

Sheldon Inwentash, Chairman and CEO of ThreeD Capital stated, “The investment thesis of ThreeD Capital is that psychedelics are going to experience a paradigm shifting and parabolic growth stage over this decade, leading to a critical role in the treatment of anxiety, depression, addiction and other mental health issues that traditional pharmaceuticals have not been able to adequately solve. Though we have made other smaller investments in the space, our investment in Wuhan General Group (China) represents our largest investment to date in a psychedelics company. We are investing in Wuhan General Group (China) because of the deep expertise and scientific knowledge this company has in psychedelics.”

This Press Release is available on the ThreeD Capital verified forum on AGORACOM. The forum is live and can be found at https://agoracom.com/ir/threedcapital/forums/discussion

About Wuhan General Group (China) Inc.

Wuhan General Group (China) Inc., through its wholly-owned subsidiary MJ MedTech is a nutraceutical biotechnology company focused on alternative plant-based cannabinoids and psilocybin medical research that develops and commercializes a range of CBD and mushrooms-based products under Dr. AnnaRx™, Medspresso™ and Handcrafted Delights™ brands. In addition, our research and clinical trials with psilocybin are aimed at new therapies that will help patients who suffer from alcohol addiction, mental illness and cardiovascular diseases. Our mission is to advance botanical-based medicine to the forefront by deploying best-practice science and medicine, clinical research and emerging technologies. The Company is traded on the Over-the-Counter Bulletin Board of NASDAQ under the trading symbol “WUHN”.

About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors.  ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

For further information:
Gerry Feldman, CPA, CA
Chief Financial Officer and Corporate Secretary
[email protected]
Phone: 416-941-8900 ext 106

VIDEO – ThreeD Capital $IDK.ca $IDKFF Hits Another 52 Week High And 610% YTD As Investors Discover Sheldon Inwentash and IDK Are The Common Denominator On Many Big Small Cap Winners $PKK.ca $PKKFF $MTRX.ca $RACMF $HPQ.ca

Posted by AGORACOM-JC at 7:06 PM on Monday, December 21st, 2020
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ThreeD Capital (IDK:CSE / IDKFF:OTCQB) prides itself on discovering great companies before everyone else … and so do shareholders who are being rewarded with another 52 week high thanks to Chairman and CEO Sheldon Inwentash, who is showing once again that he can find and invest in great “Ignored and undervalued companies” on his way to a 610% gain for IDK Year To Date.

He may make it look easy but Inwentash tirelessly casts a wide net 24/7/365 (trust us, we know) in his favourite industries to find best of breed companies in either Disruptive Technologies or Junior Resources.  And when he finds them, he isn’t afraid to have IDK invest big and be patient, something most investors just aren’t willing to do when they’re fixated on just daily or even hourly moves.

That’s why IDK, is like and ETF for ground floor investments that small cap investors would either be unable to find (private) or unable to participate in (early round accredited investors) or unable to hold.

For new investors to the markets in 2021 who don’t know him but better get to know him ASAP, Sheldon Inwentash is one of the greatest investors in Canadian history.  As Founder, Chairman and CEO of IDK, Inwentash’s track record of success speaks for itself, including successful exits in the hundreds of millions and even billions of dollars in previous years.  His last investment company commanded a market cap north of $1 Billion and now he’s looking to create another success with IDK.  

Will he do it?  He’s sure off to a good start so far by quietly making investments over the past couple of years that are now starting to pay off.  In this interview Inwentash discusses:

  • His investment philosophy
  • Some of his big 2020 winners including 
    • Peak Fintech $PKK – $PKKFF 
    • Loop Insights $MTRX – $RACMF
    • HPQ Silicon $HPQ
    • Esports Entertainment Group $GMBL
    • Bluesky Digital $BTC
    • ImagineAR $IP $IPNFF – where he is re-accumulating again
  • Why he’s investing heavily in gold juniors
  • Why he’s investing heavily in crypto currencies
  • Best of all, after one hell of a ride for the financial markets in 2020, Inwentash talks about why 2021 “is the year to be all in”

Watch this great interview … because when a legendary financier speaks, every small cap investor should be listening. We know we do.

VIDEO – FansUnite Entertainment $FANS.ca $FUNFF Makes History With First Ever Dedicated Esports Sportsbook In The United States $SCR.ca $BRAG.ca $TNA.ca $FDM.ca $JJ.ca

Posted by AGORACOM-JC at 9:23 AM on Thursday, December 17th, 2020

FansUnite Entertainment $FANS $FUNFF continues to live up to its name as the “Small Cap iGaming Super Company” by yet again announcing major news.  

This time, all it did was make history by becoming the first EVER dedicated esports sportsbook in the United States, along with partner GameCo.  

If that wasn’t enough, their originally announced $5M financing has now been upsized to $11,000,000, which should tell you how much demand this news has created.  

Watch this amazing interview with $FANS CEO, Scott Burton.

FansUnite Entertainment $FANS.ca $FUNFF Announces Upsizing of Previously Announced Brokered Private Placement Led by Gravitas Securities Inc. to $11 Million Due to Strong Investor Demand $SCR.ca $BRAG.ca $TNA.ca $FDM.ca $JJ.ca

Posted by AGORACOM-JC at 10:00 PM on Wednesday, December 16th, 2020
  • Pursuant to the increase, the Company will offer for sale up to an aggregate of 17,600,000 special warrants of the Company at a price of $0.625 per Special Warrant for aggregate gross proceeds of approximately $11 million
  • “Due to overwhelming demand from a broad range of investors, we have decided to increase our private placement offering to $11M from our previously announced target of $5M,” said Scott Burton, CEO of FansUnite Entertainment. “The upsizing of our financing provides us with confidence that the investment community believes in our continued vision of becoming a leader in the global iGaming industry, while providing us the necessary capital to pursue strategic opportunities to enhance shareholder value.”

Vancouver, British Columbia–(December 16, 2020) – FansUnite Entertainment Inc. (CSE: FANS) (OTCQB: FUNFF) (“FansUnite” or the “Company“), a technology company providing leading online gaming solutions, is pleased to announce that, due to strong investor demand, it has entered into an amended agreement with Gravitas Securities Inc., as lead agent and sole bookrunner (the “Lead Agent“) on its own behalf and, on behalf of a syndicate of agents including, Haywood Securities Inc. and Mackie Research Capital Corporation (collectively with the Lead Agent, the “Agents“), to increase the size of the previously announced private placement of the Company.

Pursuant to the increase, the Company will offer for sale up to an aggregate of 17,600,000 special warrants of the Company (the “Special Warrants“) at a price of $0.625 per Special Warrant for aggregate gross proceeds of approximately $11 million (the “Offering“). The Company has also amended the option granted to the Agents, to provide for the sale of up to an additional 2,640,000 Special Warrants (the “Over-Allotment Option“), which Over-Allotment Option is exercisable in whole or in part at any time up to 30 days following the closing of the Offering. The initial closing date is expected to be on or about the week of January 11th, 2021 (the “Closing Date” or “Closing“) and the Offering may be completed in one or more closings at the discretion of the Lead Agent.

Each Special Warrant shall be exercisable, for no additional consideration at the option of the holder, into one unit of the Company (each, a “Unit“), with each Unit being comprised of one common share of the Company (a “Common Share“) and one half (1/2) of one non-transferable Common Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will entitle the holder thereof to acquire one Common Share (each, a “Warrant Share“) at an exercise price of $0.78 per Warrant Share for a period of 24 months after Closing (the “Expiry Date“).

“Due to overwhelming demand from a broad range of investors, we have decided to increase our private placement offering to $11M from our previously announced target of $5M,” said Scott Burton, CEO of FansUnite Entertainment. “The upsizing of our financing provides us with confidence that the investment community believes in our continued vision of becoming a leader in the global iGaming industry, while providing us the necessary capital to pursue strategic opportunities to enhance shareholder value.”

The net proceeds raised under the Offering will be used for working capital and general corporate purposes.

As soon as reasonably practicable after the Closing, the Company will prepare and file with each of the securities regulatory authorities in each of the provinces of British Columbia, Alberta, Manitoba and Ontario, (the “Jurisdictions“) and obtain a receipt for, a final short form prospectus (the “Final Prospectus“), qualifying the distribution of the securities issued pursuant to the Offering, in compliance with applicable securities law, within sixty (60) days from the Closing of the Offering.

In the event that the Company has not received a receipt for the Final Prospectus within sixty (60) days following the Closing, each unexercised Special Warrant will thereafter entitle the holder thereof to receive upon the exercise thereof, at no additional consideration, one-and-one-tenth (1.10) Unit (instead of one Unit) (the “Penalty Ratio“), provided that nothing shall require the Company to issue fractional Units or Common Shares and Warrant Shares underlying such Units, and any fractions resulting from the application of the Penalty Ratio shall be rounded down to the nearest whole number.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

About FansUnite Entertainment Inc.

FansUnite is a global sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products. FansUnite has produced a one of a kind complete iGaming platform, with a sports and esports 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. The platform operates multiple B2C brands and B2B software for the online gambling industry. FansUnite also looks to acquire technology platforms and assets with high growth potential in new or developing markets.

For further information, please contact:

Prit Singh Investor Relations at FansUnite
[email protected]
(905) 510-7636

Scott Burton Chief Executive Officer of FansUnite
[email protected]

Darius Eghdami President of FansUnite
[email protected]

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD-LOOKING STATEMENTS: Certain information contained herein may constitute “forward-‎looking information” under Canadian securities legislation. Generally, forward-looking information can be ‎identified by the use of forward-looking terminology such as “believes,” “belief,” “expects,” “intends,” ‎‎”anticipates,” “potential,” “should,” “may,” “will,” “plans,” “continue” or similar expressions to be uncertain ‎and forward-looking. Forward-looking statements may include, without limitation, statements relating to ‎future outlook and anticipated events such as: the Offering, the use of proceeds from the Offering, the filing and receipt for the Final Prospectus, the ‎Company’s unique portfolio of assets; and discussion of future plans, projections, objectives, estimates ‎and forecasts and the timing related thereto. Forward-looking statements are based on the Company’s ‎estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the ‎actual results, level of activity, performance or achievements of FansUnite to be materially different from ‎those expressed or implied by such forward-looking statements or forward-looking information. Additional ‎information regarding the risks and uncertainties relating to the Company’s business are contained under ‎the heading “Risk Factors” in the Company’s Non-Offering Prospectus dated March 27, 2020 filed on its ‎issuer profile on SEDAR at www.sedar.com and risks related to global pandemics, including the novel ‎coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and influence ‎of macroeconomic developments. Accordingly, readers should not place undue reliance on forward-looking ‎statements and forward-looking information. The forward-looking statements in this news release are made ‎as of the date of this release. FansUnite disclaims and does not undertake to update or revise any forward-‎looking statements or forward-looking information, whether as a result of new information, future events or ‎otherwise, except as required by applicable securities laws.

FansUnite Entertainment $FANS.ca $FUNFF and GameCo to Create the First #Esports Sportsbook in the United States with Sky Ute Casino in Colorado $SCR.ca $BRAG.ca $TNA.ca $FDM.ca $JJ.ca

Posted by AGORACOM-JC at 11:01 AM on Wednesday, December 16th, 2020
  • FansUnite will gain first-mover advantage into the U.S. esports betting market through long term partnership with GameCo
  • Announced its partner, GameCo LLC (“GameCo”), a Las Vegas based pioneer in Video Game Gambling™, has entered into a partnership with US Bookmaking and Sky Ute Casino
  • To establish the first dedicated esports sportsbook in the United States.
  • Wholly owned subsidiary Askott Entertainment will supply its iGaming platform, Chameleon, as part of a fully integrated esports betting solution.

Vancouver, British Columbia–(December 16, 2020) – FansUnite Entertainment Inc (CSE: FANS) (OTCQB: FUNFF) (“FansUnite” or the “Company”), a technology company providing leading online gaming solutions, is pleased to announce its partner, GameCo LLC (“GameCo”), a Las Vegas based pioneer in Video Game Gambling™, has entered into a partnership with US Bookmaking and Sky Ute Casino to establish the first dedicated esports sportsbook in the United States. Wholly owned subsidiary Askott Entertainment will supply its iGaming platform, Chameleon, as part of a fully integrated esports betting solution.

Through GameCo’s partnership with Sky Ute Casino and US Bookmaking, FansUnite will be the first iGaming solutions provider to receive significant exposure in the U.S. esports betting market.

As previously announced on September 2nd, 2020, FansUnite entered into a partnership with GameCo to establish a fully integrated turnkey esports betting solution for online casinos and sportsbooks in the United States. Under the agreement with GameCo and Sky Ute Casino, Askott Entertainment’s Chameleon iGaming Platform will form the basis of GameCo’s esports betting offering alongside GRID’s data platform and 10Star’s odds feed and risk management services, resulting in an esports sportsbook with extensive and broad-ranging services that are geared towards the younger demographic of online gamblers.

“We are delighted to be part of the first-ever real money esports sportsbook in the U.S. as it represents a major milestone for FansUnite and the entire betting community globally,” said Scott Burton, CEO of FansUnite Entertainment. “Entering the U.S. market has always been part of our growth roadmap and partnering with GameCo in September represented a channel for us to introduce our leading B2B esports betting solution to a sizable and growing market. This latest customer win has exceeded our own expectations and validates our technology, strategy, and legitimacy of our organization. With our first casino customer now in hand, we are eager to continue our collaboration with GameCo, GRID, and 10 Star to establish a larger presence in the U.S. market.”

Blaine Graboyes, Co-Founder and CEO of GameCo added, “This marks a new era for GameCo as we will be the frontrunners in capturing revenue from an untouched segment in the U.S. online casino market. We require the most innovative technology that will provide a strong backbone for our betting systems and we are pleased that FansUnite is able to fulfill that need with the Chameleon iGaming solutions.”

About FansUnite Entertainment Inc.

FansUnite is a global sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products. FansUnite has produced a one of a kind complete iGaming platform, with a sports and esports 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. The platform operates multiple B2C brands and B2B software for the online gambling industry. FansUnite also looks to acquire technology platforms and assets with high-growth potential in new or developing markets.

About GameCo

GameCo LLC creates revolutionary gaming products and experiences that drive growth and deliver a new, different, and younger player for digital and retail casinos. The inventor of the world’s first skill-based Video Game Gambling Machine (VGM™), GameCo’s omnichannel land-based and online platform combines the fun and interactivity of video games with the thrill and anticipation of gambling. Through its iGameCo brand, GameCo develops unique video game gambling titles for digital casinos and provides the first turnkey, outsourced, full-service esports betting solution built specifically for the regulated US market. GameCo’s Video Game Gambling™ platform and patent-pending GamersEdge™ technology enables game developers and publishers to distribute and monetize video games into regulated gaming markets. GameCo offers single player and esports-style multiplayer games with a wide portfolio of sports, casual, and arcade titles that also feature brand licenses from major studios and celebrities such as Steve Aoki from DJ Kid Millionaire LTD., “SOULCALIBUR™II” with BANDAI NAMCO Amusement Inc., and Star Trek™ with CBS Consumer Products, Inc.

GameCo LLC is privately held and headquartered in Las Vegas and currently licensed to operate in more than twenty gaming jurisdictions, including Nevada. For the latest GameCo news, please visit https://gameco.com/product or follow the company on Twitter at twitter.com/GameCoLLC.

For further information, please contact:

Prit Singh Investor Relations at FansUnite
[email protected]
(905) 510-7636

Scott Burton Chief Executive Officer of FansUnite
[email protected]

Darius Eghdami President of FansUnite
[email protected]

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD-LOOKING STATEMENTS: Certain information contained herein may constitute “forward-‎‎looking information” under Canadian securities legislation. Generally, forward-looking information can be ‎‎identified by the use of forward-looking terminology such as “believes,” “belief,” “expects,” “intends,” ‎‎‎”anticipates,” “potential,” “should,” “may,” “will,” “plans,” “continue” or similar expressions to be uncertain ‎‎and forward-looking. Forward-looking statements may include, without limitation, statements relating to ‎‎future outlook and anticipated events such as: the extent and range of FansUnite’s iGaming platform; target demographics of FansUnite; growth of the U.S. ‎market; expansion of FansUnite into the U.S. market; the position of FansUnite and GameCo as ‎frontrunners in the US online casino market; FansUnite’s ability to fulfill technology needs with its ‎platform; GameCo’s ability to enable the distribution and monetization of video games into the licensed ‎gaming market and to attract new customers;‎ business development ‎plans of FansUnite and GameCo; the Company’s unique portfolio of assets; and discussion of future plans, projections, ‎objectives, estimates ‎and forecasts and the timing related thereto. Forward-looking statements are based ‎on the Company’s ‎estimates and are subject to known and unknown risks, uncertainties and other factors ‎that may cause the ‎actual results, level of activity, performance or achievements of FansUnite to be ‎materially different from ‎those expressed or implied by such forward-looking statements or forward-looking ‎information. Additional ‎information regarding the risks and uncertainties relating to the Company’s business ‎are contained under ‎the heading “Risk Factors” in the Company’s Non-Offering Prospectus dated March 27, ‎‎2020 filed on its ‎issuer profile on SEDAR at www.sedar.com and risks related to global pandemics, ‎including the novel ‎coronavirus (COVID-19) global health pandemic, and the spread of other viruses or ‎pathogens and influence ‎of macroeconomic developments. Accordingly, readers should not place undue ‎reliance on forward-looking ‎statements and forward-looking information. The forward-looking statements in ‎this news release are made ‎as of the date of this release. FansUnite disclaims and does not undertake to ‎update or revise any forward-‎looking statements or forward-looking information, whether as a result of new ‎information, future events or ‎otherwise, except as required by applicable securities laws.‎