Gaming Nation Announces Voting Results from Special Meeting of Shareholders

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[{"type":"text","content":"\n\n\n\nGaming Nation Announces Voting Results from Special Meeting of Shareholders\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Aug. 17, 2017\n\n\n\nTORONTO, Aug. 17, 2017 /CNW/ - Gaming Nation Inc. (TSX-V: FAN) (\"Gaming Nation\" or the \"Company\") announced today the positive outcome of the shareholder (\"Shareholders\") vote at today's special meeting (the \"Meeting\") of the Shareholders regarding the previously announced arrangement (the \"Arrangement\") pursuant to which OC Special Opportunities Fund, LP (the \"Purchaser\") will acquire all of the outstanding common shares of Gaming Nation (the \"Shares\"), other than certain Shares held by members of management and the board of directors of the Company, for $0.95 per Share in cash by way of a plan of arrangement.\n\nAt the Meeting, approximately 100% of the votes cast by all Shareholders, and approximately 100% of the votes cast by Shareholders other than the Shareholders whose votes were required to be excluded for the purposes of \"minority approval\" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, were voted in favour of the special resolution approving the Arrangement. Details of the voting results will be filed under Gaming Nation's profile on SEDAR www.sedar.com.\n\nGaming Nation will apply for final order of the Ontario Superior Court of Justice (Commercial List) for approval of the Arrangement on August 22, 2017. Closing of the transaction remains subject to certain customary closing conditions including court approval and the receipt of certain regulatory approvals. Assuming the satisfaction of these closing conditions, the transaction is expected to close in the fall of 2017.\n\nShareholders who have questions or require assistance with submitting their Shares to the Arrangement may direct their questions to Computershare Trust Company of Canada, who is acting as depositary under the Arrangement, toll free at 1-800-564-6253 or within Canada at 1-514-982-7555 or by email at [email protected]. F...

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