Enthusiast Gaming Files Preliminary Base Shelf Prospectus and Registration Statement
May 03 2021 - 5:09PM
Enthusiast Gaming Holdings Inc. (“Enthusiast
Gaming” or the “Company”) (NASDAQ:EGLX) (TSX:EGLX) is pleased to
announce that it has filed a preliminary short form base shelf
prospectus (the “Preliminary Shelf Prospectus“) with the securities
commissions in each of the provinces of Canada, excluding Quebec,
and a corresponding registration statement on Form F-10 (the
“Registration Statement”) with the United States Securities and
Exchange Commission (the “SEC”) under the U.S./Canada
Multijurisdictional Disclosure System.
When made final or effective, the Preliminary
Shelf Prospectus and corresponding Registration Statement will
allow the Company to undertake offerings of common shares,
preferred shares, debt securities, warrants, units and subscription
receipts (collectively, the “Securities”), or any combination
thereof, up to an aggregate total of CAD$250 million from time to
time during the 25-month period that the final short form base
shelf prospectus remains effective. The Securities may be offered
in amounts, at prices and on terms to be determined at the time of
sale. The specific terms of any offering of Securities, including
the use of proceeds from any offering, will be set forth in one or
more shelf prospectus supplement(s) to be filed with applicable
securities regulators.
No securities regulatory authority has either
approved or disapproved the contents of this news release. The
Registration Statement filed today with the SEC has not yet become
effective. No Securities may be sold, nor may offers to buy be
accepted, prior to the time the Registration Statement becomes
effective. This news release does not constitute an offer to sell
or a solicitation of an offer to buy any securities of the Company
in any jurisdiction in which such offer, solicitation or sale would
be unlawful.
A copy of the Preliminary Shelf Prospectus, and
copies of the final short form base shelf prospectus and any shelf
prospectus supplements that may be filed in the future, can be
found under the Company's SEDAR profile at www.sedar.com and on
EDGAR at www.sec.gov. A copy of the Preliminary Shelf Prospectus
and Registration Statement may also be obtained from the Chief
Corporate Officer of the Company at Suite 805, 90 Eglinton Avenue
East, Toronto, Ontario, M4P 2Y3.
About Enthusiast Gaming
Enthusiast Gaming is building the largest media
platform for video game and esports fans to connect and engage
worldwide. Combining the elements of its four core pillars; Media,
Talent, Esports and Experiential, Enthusiast Gaming provides a
unique opportunity and integrated approach to reach and connect
with its coveted GenZ and Millennial audience. Through its
proprietary mix of digital media and entertainment assets,
Enthusiast Gaming has built a vast network of like-minded
communities to deliver the ultimate fan experience.
Contacts
Investor Relations:Eric Bernofsky, Chief
Corporate Officer, Enthusiast
Gaminginvestor@enthusiastgaming.com
Media Relations:Carmela Antolino, Provident
Communicationscarmela@providentcomms.com647-287-2286
Neither the TSX Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Exchange) accepts responsibility for the adequacy or accuracy
of this release.
This news release contains certain statements
that may constitute forward-looking information under applicable
securities laws. All statements, other than those of historical
fact, which address activities, events, outcomes, results,
developments, performance or achievements that Enthusiast Gaming
anticipates or expects may or will occur in the future (in whole or
in part) should be considered forward-looking information. Often,
but not always, forward-looking information can be identified by
the use of words such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes" or variations (including negative
variations) of such words and phrases, or statements formed in the
future tense or indicating that certain actions, events or results
"may", "could", "would", "might" or "will" (or other variations of
the forgoing) be taken, occur, be achieved, or come to pass.
Forward-looking statements in this news release include, but are
not limited to, statements regarding: the filing and effectiveness
of the final base shelf prospectus and corresponding Registration
Statement; the filing and effectiveness of any potential prospectus
supplement; the amount and terms of any Securities to be offered;
future development and growth prospects; the overall business and
economic conditions; and the Company’s competitive environment.
Forward-looking statements are based on
assumptions and analyses made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments, including, but not
limited to, expectations and assumptions concerning: interest and
foreign exchange rates; capital efficiencies, cost saving and
synergies; growth and growth rates; the success in the esports and
media industry; and the Company’s growth plan. While Enthusiast
Gaming considers these assumptions to be reasonable, based on
information currently available, they may prove to be incorrect.
Readers are cautioned not to place undue reliance on
forward-looking statements. In addition, forward-looking statements
necessarily involve known and unknown risks, including, without
limitation, risks associated with general economic conditions; the
timing and filing of the final base shelf prospectus and
corresponding Registration Statement; the potential offering of any
Securities by the Company; uncertainty with respect to the
completion of any future offering; the ability to obtain applicable
regulatory approvals for any contemplated offerings; the ability of
the Company to negotiate and complete future funding transactions;
adverse industry events; and future legislative, tax and regulatory
developments. Readers are cautioned that the foregoing list is not
exhaustive. For more information on the risk, uncertainties and
assumptions that could cause anticipated opportunities and actual
results to differ materially, please refer to the public filings of
Enthusiast Gaming which are available on SEDAR at www.sedar.com.
Readers are further cautioned not to place undue reliance on
forward-looking statements as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement and reflect our
expectations as of the date hereof, and thus are subject to change
thereafter. Enthusiast Gaming disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by applicable law.
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