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ESE Entertainment Announces Closing of Oversubscribed Private Placement
ESE Entertainment Announces Closing of Oversubscribed Private Placement Canada ...
About this update from Ese Entertainment Inc
[{"type":"text","content":"\n \n \n \n ESE Entertainment Announces Closing of Oversubscribed Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n VANCOUVER, BC, Dec. 24, 2020 /CNW/ -\n \n ESE Entertainment Inc.\n \n (TSXV: ESE) (OTCQB: ENTEF) (the \"\n \n Company\n \n \" or \"\n \n ESE\n \n \"), is pleased to announce that it has closed (the \"\n \n Closing\n \n \") its previously announced non-brokered private placement (the \"\n \n Private Placement\n \n \") through the issuance of 3,315,482 units (each, a \"\n \n Unit\n \n \") of the Company at a price of\n \n $1.10\n \n per Unit, for aggregate gross proceeds of\n \n $3,647,030\n \n . Each Unit is composed of one common share (an \"\n \n ESE Share\n \n \") and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"), each Warrant exercisable for two (2) years at\n \n $1.50\n \n per ESE Share. The Closing was effected in two tranches, the first on\n \n December 23, 2020\n \n through the issuance of 545,400 Units, for gross proceeds of\n \n $599,940\n \n , and the second on\n \n December 24, 2020\n \n through the issuance of 2,770,082 Units, for gross proceeds of\n \n $3,047,090\n \n .\n \n \n The Company intends to use the net proceeds from the Private Placement to fund acquisitions and for general working capital purposes. Cash finder's fees of\n \n $204,983\n \n were paid and 180,346 finder's warrants (each, a \"\n \n Finder's Warrant\n \n \") were issued in connection with the Closing. Each Finder's Warrant is exercisable for two (2) years into one ESE Share at a price of\n \n $1.10\n \n per ESE Share.\n \n \n \"Our team is pleased with the success of this oversubscribed private placement, highlighting the market's support for ESE.\" stated\n \n Konrad Wasiela\n \n , Chief Executive Officer of the Company. \"Our team is confident in the business plan, highlighted by perso...