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Wondr Gaming to acquire 100% interest in Gamelancer, the largest global GenZ social media network in gaming. Wondr to rebrand as Gamelancer Gaming Corp. under CSE ticker: GMNG
Wondr Gaming to acquire 100% interest in Gamelancer, the largest global GenZ social media...
About this update from Vertiqal Studios Corp
[{"type":"text","content":"\n \n \n \n Wondr Gaming to acquire 100% interest in Gamelancer, the largest global GenZ social media network in gaming. Wondr to rebrand as Gamelancer Gaming Corp. under CSE ticker: GMNG\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 \n /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n Founded in LA, Gamelancer has built the largest and fastest growing gaming platform on Tiktok & Snapchat, with\n \n \n 22 owned & operated channels, 26.5 million+ followers, and 1 billion+ monthly video views predominantly geolocated in\n \n North America\n \n , the UK &\n \n Australia\n \n .\n \n \n \n \n TORONTO\n \n ,\n \n March 21, 2022\n \n /CNW/ - Wondr Gaming Corp. (CSE: WDR) (CSE: WDR.WT) (OTC: WDRGF) (the \"\n \n Company\n \n \" or \"\n \n Wondr\n \n \") is pleased to announce that further to its press release of\n \n December 20, 2021\n \n , it has entered into a definitive stock purchase agreement (the \"\n \n Definitive Agreement\n \n \") with Gamelancer, Inc. (\"\n \n Gamelancer\n \n \") and all of the shareholders of Gamelancer dated\n \n March 21, 2022\n \n , to acquire all of the issued and outstanding common shares (the \"\n \n Gamelancer Shares\n \n \") of Gamelancer (the \"\n \n Transaction\n \n \").\n \n \n \n \n \n \n \n \n \n Pursuant to the terms of the Definitive Agreement, the Company has agreed to issue 212,338,900 common shares in the capital of Wondr (the \"\n \n Consideration Shares\n \n \"), which is equal to 49% of the issued and outstanding common shares of Wondr, and the Company has agreed to pay in the aggregate\n \n USD$12,000,000\n \n in cash (the \"\n \n Cash Payments\n \n \") in accordance with the following timeline: (i)\n \n USD$7,000,000\n \n on closing of the Transaction (the \"\n \n Closing Date\n \n \"); (ii)\n \n $2,500,000\n \n six months from the Closing Date; and (iii) a final\n...