Welcome To The Eloro Resources HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
AGORACOM NEWS FLASH

BREAKING: Esports Entertainment Group Releases Upgraded VIE.GG Esports Gambling Platform

  • Announced the release of the latest version of VIE.gg (https://vie.gg)  the Company’s esports wagering platform
  • Latest upgrade delivers notable new features, including additional betting options such as Fixed Odds, Pari-mutuel, Fantasy and Pool Betting to complement main P2P option
  • Grant Johnson, CEO of Esports Entertainment Group, stated "This is another major milestone for our Company. This is our strongest release ever, with every new feature esports gambling enthusiasts could wish for in a platform..."
Message: Share Consolidation

It looks like a share consolidation will go ahead one way or another.

From the Management Information Circular filed on Sedar

III. Share Consolidation

As at the date hereof, the Corporation has 167,971,903 common shares issued and outstanding. It is proposed that the Corporation consolidate its shares, which will facilitate the Corporation’s ability to pursue financings for the ongoing exploration and development of its properties, including the Simkar Property. Accordingly, management is of the view that it would be in the best interests of the Corporation and its shareholders to consolidate the common shares in the capital of the Corporation on the basis of one (1) new common share for every four (4) common shares currently outstanding. No fractional shares will be issued in connection with the consolidation; if, as a result of the consolidation, a shareholder becomes entitled to a fractional share, such fraction will be rounded down to the nearest whole number. Shareholders should note that a previous consolidation resolution was proposed and approved at the Corporation’s last shareholders meeting held on December 20, 2010 to consolidate the Corporation’s common shares on the basis that the consolidation would be not less than 0.333 of one new common share for every one common share currently outstanding (i.e. one new common share for every three (3) common shares currently outstanding); that previous consolidation has not yet been implemented. This new consolidation being proposed is an alternative to the previously approved but not yet implemented consolidation and, accordingly, if the new consolidation is approved, the previously approved proposed consolidation will be abandoned and the Corporation’s shares would be consolidated solely on the basis of one new common share for every four (4) common shares currently outstanding and, upon the new share consolidation becoming effective, the 167,971,903 issued and outstanding shares as at the date hereof would be consolidated into 41,992,976 issued and outstanding shares. On the other hand, if the new consolidation is not approved, the Corporation intends to proceed with and implement the previously approved consolidation on the basis of one new common share for every three (3) common shares currently outstanding and, upon the previously approved share consolidation becoming effective, the 167,971,903 issued and outstanding shares as at the date hereof would be consolidated into 55,990,634 issued and outstanding shares. The Board of Directors will also have the authority to determine when to implement the consolidation or to decide not to implement it.



Share
New Message
Please login to post a reply