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Gaming Nation Provides Update on the Closing of the Acquisition by OC Special Opportunities Fund, LP
Gaming Nation Provides Update on the Closing of the Acquisition by OC Special Opportunitie...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"\n\n\n\nGaming Nation Provides Update on the Closing of the Acquisition by OC Special Opportunities Fund, LP\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, Sept. 14, 2017\n\n\n\nTORONTO, Sept. 14, 2017 /CNW/ - Gaming Nation Inc. (TSX-V: FAN) (\"Gaming Nation\" or the \"Company\") is pleased to provide an update regarding the closing of 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\nAs announced by the Company on August 17th, 2017, the shareholder (\"Shareholders\") vote at the special meeting (the \"Meeting\") resulted in a positive outcome where 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 are available under Gaming Nation's profile on SEDAR www.sedar.com.\n\nOn August 22, 2017, Gaming Nation applied for and received final order of the Ontario Superior Court of Justice (Commercial List) for approval of the Arrangement. \n\nThe Company is pleased to confirm that it has made substantial progress with regard to the closing conditions, and currently the only conditions that remain are regulatory approvals in four jurisdictions. The Purchaser has submitted the required applications in all jurisdictions that are conditions to closing, and the Company is currently awaiting confirmation of the change in control and license transfers.\n\nThe Company remains confident the outstanding regulatory approvals that are conditions to closing wi...