Global Daily Fantasy Sports Announces Private Placement and the Addition of Jason Meretsky to Its Board of Directors

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[{"type":"text","content":"\n\n\n\nGlobal Daily Fantasy Sports Announces Private Placement and the Addition of Jason Meretsky to Its Board of Directors\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\nVANCOUVER, March 12, 2019\n\n\n\nVANCOUVER, March 12, 2019 /CNW/ - Global Daily Fantasy Sports Inc. (TSX-V: DFS / Frankfurt: 7CR) (\"Global\" or the \"Company\"), is pleased to announce that it intends to raise gross proceeds of up to $1,500,000 through a non-brokered private placement (the \"Offering\") of 15,000,000 units (the \"Units\") of the Company at a price of $0.10 per Unit. Each Unit will consist of one (1) common share and one common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one common share of the Company for a period of 12 months from the closing date of the Offering (the \"Closing Date\") at an exercise price of $0.20 per Warrant.  The expiry date of the Warrants may, at the Company's option, be accelerated if at any time between the Closing Date and the expiry date of the Warrants, the common shares of the Company trade at or above $0.25 for a period of 20 consecutive trading days on the TSX Venture Exchange (the \"TSXV\") or such other stock exchange where the Company's common shares are listed.\n\n \n \n\n \nThe Offering is subject to all necessary regulatory approvals, including the TSXV. The securities being issued in the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The Company may pay a finder's fee at their discretion to arm's length parties involved in the financing. The Company intends to use the net proceeds of the Offering for continued sales and marketing of it dotcom DFS (daily fantasy sports) network and general working capital.\nGlobal is pleased to announce the appointment of Jason Meretsky to the Company's Board of Directors. Mr. Meretsky is a business lawyer with over 20 years of M&A transactional and operational experience for private and public companies.  Since 2009, Mr. Meretsky has practiced corporate and securities la...

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