Global Daily Fantasy Sports Inc. Announces Results of Annual General Meeting

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[{"type":"text","content":"\n\n\n\nGlobal Daily Fantasy Sports Inc. Announces Results of Annual General Meeting\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, Aug. 23, 2018\n\n\n\nVANCOUVER, Aug. 23, 2018 /CNW/ - Global Daily Fantasy Sports Inc. (TSX-V: DFS) (\"Global\" or the \"Company\") is pleased to announce that at the annual general meeting of shareholders of the Company (the \"AGM\") held on August 20, 2018, the shareholders elected Messrs. Darcy Krogh, James Penturn, Nick DeMare, Michele Marrandino and William Scott as directors of the Company.  The shareholders also passed all other resolutions including an ordinary resolution to ratify and approve the Company's existing stock option plan, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of the grant. \n\n\n \n \n\n \nAt the Board meeting held following the AGM, the Board appointed Mr. Darcy Krogh as President and Chief Executive Officer of the Company, Mr. James Penturn as Chairman, Mr. Justin Shulman as Chief Operating Officer and Mr. Paul Dever as Chief Financial Officer and Corporate Secretary.  Further, the Board appointed Messrs. James Penturn, Nick DeMare and Michele Marrandino to the Audit and Compensation Committee of the Company.\n\nThe Board also approved a granting of stock options to a director and employee of the Company for the purchase of up to 300,000 shares, at a price of $0.15 per share, for a period of three years. \n\nThe Company is pleased to announce that it has closed the first tranche of the private placement financing (the \"Private Placement\") announced in the Company's news release dated June 21, 2018. In this first tranche 6,234,257 units (the \"Units\") were issued at a price of $0.15 per Unit for gross proceeds of approximately $935,139. Each Unit is composed of one common share of the Company and one-half of one transferable common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an e...

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