VANCOUVER, BC, Nov. 5, 2021 /CNW/ - GOOD GAMER
ENTERTAINMENT INC. (TSXV: GOOD) ("Good Gamer"), a real-money
skill-gaming operator and games developer, announces that the board
of directors of the Company (the "Board") has approved the
adoption of an advance notice policy (the "Policy") to
provide shareholders, directors and management of the Company with
a clear framework for nominating directors. The Policy is meant to:
(i) facilitate an orderly and efficient annual and/or special
meeting process; (ii) ensure all shareholders receive adequate
notice of director nominations and sufficient information with
respect to all nominees; and (iii) allow shareholders to register
an informed vote, having been afforded reasonable time for
appropriate deliberation.
The Policy contains a provision that requires advance notice to
Good Gamer in circumstances where nominations of persons for
election to the Board are made by shareholders of Good Gamer. The
Policy fixes deadlines by which shareholders of recor d of Good
Gamer must submit director nominations to Good Gamer prior to any
annual or special meeting of shareholders, and sets forth the
information a shareholder must include in the notice to Good Gamer
for an effective nomination to occur. No person will be eligible
for election as a director of Good Gamer unless nominated in
accordance with the provisions of the Policy.
In the case of an annual meeting of shareholders, the deadline
for notice to Good Gamer pursuant to the Policy is not less than 30
days, or more than 65 days, prior to the date of the annual meeting
of shareholders; provided, however, that in the event that the
annual meeting of shareholders is to be held on a date that is less
than 50 days after the date on which the first public announcement
of the date of the annual meeting was made, notice may be made not
later than the close of business on the 10th day
following such public announcement.
In the case of a special meeting (which is not also an annual
meeting) of shareholders called for the purpose of electing
directors (whether or not called for any other purposes), the
deadline for notice to Good Gamer pursuant to the Policy is no
later than the close of business on the 15th day
following the day on which the first public announcement of the
date of the special meeting was made.
At the next annual general and special meeting of shareholders
on December 23, 2021, the Company
will ask shareholders to ratify and confirm the adoption of the
Policy. The Board has adopted the Policy and it will be effective
and in full force and effect as of November
4, 2021.
The full text of the Policy is available on www.sedar.com.
About Good Gamer Entertainment Inc.
Good Gamer
Entertainment Inc. (TSXV:GOOD) is a real-money skill gaming
operator and games developer that holds a 100% interest in its
wholly-owned subsidiary Good Gamer Corp. Good Gamer's principal
business is operating its online Esports skills-based real-money
gaming tournament management platform (the "Tournament Management
Platform") in Canada and
the United States. The Tournament
Management Platform allows players to compete against other users
for real prizes in skills-based casual mobile games. All games on
the Tournament Management Platform are one hundred percent (100%)
skill-based and do not involve random number generation
elements.
Forward-Looking Statements
Information set
forth in this news release contains forward-looking statements that
are based on assumptions as of the date of this news release. These
statements reflect management's current estimates, beliefs,
intentions and expectations. They are not guarantees of future
performance. The Company cautions that all forward-looking
statements are inherently uncertain and that actual performance may
be affected by a number of material factors, many of which are
beyond the Company's control. Such factors include, among other
things: risks and uncertainties relating to general business,
economic, competitive, political and social uncertainties; and the
delay or failure to receive board, shareholder or regulatory
approvals. Accordingly, actual and future events, conditions and
results may differ materially from the estimates, beliefs,
intentions and expectations expressed or implied in the
forward-looking information. Except as required under applicable
securities legislation, the Resulting Issuer undertakes no
obligation to publicly update or revise forward-looking
information.
The forward-looking statements contained in this news release
are made as of the date of this news release. Except as
required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Good Gamer Entertainment Inc.