Business
FansUnite Announces Filing of Information Circular for Special Meeting
FansUnite Announces Filing of Information Circular for Special Meeting.
About this update from Fansunite Entertainment Inc.
[{"type":"text","content":"FansUnite's board of directors unanimously supports the proposed Transaction (as defined below) and recommends that FansUnite's shareholders vote in favour of all resolutions at the Meeting (as defined below). Shareholders with questions or who need assistance voting their shares should contact FansUnite's shareholder communications advisor and proxy solicitation agent, Laurel Hill Advisory Group (Toll-Free Tel: 1-877-452-7184 / International Tel: 1-416-304-0211 / E-mail: [email protected]).Vancouver, British Columbia--(Newsfile Corp. - July 11, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) (\"FansUnite\" or the \"Company\") is pleased to announce that, further to its news release dated June 27, 2024 in respect of the proposed sale of all of the issued and outstanding shares of FansUnite US Inc. (\"FansUS\"), a wholly-owned subsidiary of the Company that carries on its Betting Hero business, to Hero Group Corp. (the \"Purchaser\") and GeoComply Solutions Inc. (\"GeoComply\"), it has filed a management information ‎circular (the \"Circular\") in connection with ‎the upcoming meeting of the holders (the \"Shareholders\") of the Company's common shares (the \"Company Shares\") called for Tuesday, August 13, 2024 (the \"Meeting\"). The Circular is available on the Company's profile on the System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.com as well as on the Company's website at https://fansunite.com/investors.Meeting DetailsThe Company's board of directors (the \"Board\") has set July 4, 2024 as the record date for determining the Shareholders entitled to receive notice and vote at the Meeting. The Meeting will be held at 11:00 a.m. (Pacific time) at the offices of DLA Piper (Canada) LLP, 1133 Melville Street, Suite 2700, The Stack Building, Vancouver, British Columbia. The deadline for returning proxies for the Meeting is Friday, August 9, 2024 at 11:00 a.m. (Pacific time).The TransactionAs previously announced, the Company, together with FansUS, entered into a definitive agreement dated June 27, 2024 (the \"Stock Purchase Agreement\") with the Purchaser and GeoComply, pursuant to which the Company agreed to sell to the Purchaser all of the issued and outstanding shares of FansUS (the ‎‎\"Transaction\"), for an aggregate purchase price of US$37.5 mill...