Business
EAST SIDE GAMES GROUP ANNOUNCES CLOSING OF STRATEGIC PRIVATE PLACEMENT WITH NEW INVESTORS AND INSIDERS, SETTING FOUNDATION FOR RENEWED GROWTH STRATEGY
East Side Games Group (TSX: EAGR) (OTC: EAGRF) (the "Company" or "ESGG"), Canada's leading free-to-play mobile game group, is pleased to announce the closing of its previously announced non-brokered private placement of units of the Company (the "Units") for aggregate gross proceeds of $2.95 million (the "Offering").
About this update from East Side Games Group Inc
[{"type":"text","content":"The transaction will strengthen balance sheet, broaden the shareholder base, and support a refocused operating strategy","length":119,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, May 21, 2026 /CNW/ - East Side Games Group (TSX: EAGR) (OTC: EAGRF) (the "Company" or "ESGG"), Canada's leading free-to-play mobile game group, is pleased to announce the closing of its previously announced non-brokered private placement of units of the Company (the "Units") for aggregate gross proceeds of $2.95 million (the "Offering").","length":398,"tagName":"p"},{"type":"image","alt":"East Side Games Group logo (CNW Group/East Side Games Group Inc.)","displaySize":"","headline":null,"caption":"East Side Games Group logo (CNW Group/East Side Games Group Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/cnwgroup.com/6c2da22fab50ffeb58d9cd86902df1bc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dNelzEBk6ZxN55X_PFk1hg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MQ--/https://media.zenfs.com/en/cnwgroup.com/6c2da22fab50ffeb58d9cd86902df1bc","width":400,"height":267},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/.5.f.V171qrdlYOJhPdzhw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTQyNw--/https://media.zenfs.com/en/cnwgroup.com/6c2da22fab50ffeb58d9cd86902df1bc","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2985047/East_Side_Games_Group_Inc__EAST_SIDE_GAMES_GROUP_ANNOUNCES_CLOSI.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company issued an aggregate of 26,896,816 Units at a price of $0.11 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant. Each warrant is exercisable to acquire one common share of the Company at a price of $0.14 per share until May 12, 2029, subject to standard anti-dilution adjustments. The securities issued under the Offering are subject to a statutory hold period expiring on September 13, 2026, in accordance with applicable Canadian securities laws.","length":510,"tagName":"p"},{"type":"text","content":"The Offering included participation from a group of new strategic investors alongside meaningful participation from existing insiders, including Derek Lew, a director of the Company, who subscri...