Business
Gamelancer Media Announces $10.0 Million Brokered Private Placement of Units Led by Chretien-Desmarais Family Office
$6,000,000 Presidents List Confirmed TORONTO, ON / ACCESSWIRE / May 8, 2023 / Gamelancer Medi...
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[{"type":"text","content":"Gamelancer Media Announces $10.0 Million Brokered Private Placement of Units Led by Chretien-Desmarais Family Office$6,000,000 Presidents List ConfirmedTORONTO, ON / ACCESSWIRE / May 8, 2023 / Gamelancer Media Corp. (CSE:GMNG)(OTCQB:GAMGF)(FRA:P93) (the \"Company\" or \"Gamelancer\") a leading digital media, entertainment and production company, is pleased to announce the offering of up to 100,000,000 units (the \"Units\") of the Company at a price of $0.10 per Unit (the \"Issue Price\") for total gross proceeds of up to $10,000,000, comprised of (i) gross proceeds of up to $4,000,000 pursuant to the listed issuer financing exemption available under National Instrument 45-106 - Prospectus Exemptions (the \"LIFE Offering\"), and (ii) gross proceeds of up to $6,000,000 pursuant to other available private placement exemptions (the \"Private Placement Offering\" and together with the LIFE Offering, the \"Offerings\"). There is an offering document relating to the LIFE Offerings (the \"Offering Document\") that can be accessed under the Company's profile at www.sedar.com and at www.gamelancer.com. Prospective investors should read the Offering Document before making an investment decision. The Offerings will be conducted by Echelon Capital Markets (\"Echelon\") as lead agent and sole bookrunner, on behalf of a syndicate of agents (collectively, the \"Agents\") on a commercially reasonable best-efforts basis pursuant to an agency agreement in all the provinces of Canada, other than Quebec.\"In 2022, the acquisition of Gamelancer Inc. and creative design studio JoyBox Media, was a critical step in our strategy to develop a \"Walled Garden\" approach to digital-channel ownership. Gamelancer generates media inventory by publishing organic videos daily on our channels, which people tune into watch. This creative + broadcast model on TikTok, Snap and Instagram allows us to simultaneously publish creative short-form video ads on our owned and operated channels, which some of the largest brands and agencies globally purchase. This financing allows the company to grow our OTT and direct media ad business, and further develop our partnerships therein.\" - Jon Dwyer, Chairman and CEO of Gamelancer Media.Each Unit will consist of one common share of the Company (each, a \"Share\") and one Share purchase warrant of the Company (each, a \"Warrant\...