Intema closes Parabellum Media acquisition
February 28 2022 - 7:00AM
Intema Solutions
Inc. (“
Intema” or the
“
Corporation”) (TSXV: ITM, OTCMKTS: ITMZF) is
pleased to announce that it has closed the agreement announced on
December 8, 2021 with Amuka Ventures Inc. (doing business as Amuka
Esports) to acquire all of the outstanding shares of Parabellum
Media Inc. (“
Parabellum”), owner of Parabellum
Esports and Northern Shield Academy. In consideration, the
Corporation will issue up to 1,845,000 common shares (each a
“
Share”) of the Corporation at a deemed price of
$0.306 per Share, of which 1,700,000 have been issued, and a
balance of up to 145,000 will be issued upon completion of the
closing financial statements review. The Shares issued will be
subject to voluntary resale restrictions on the following terms:
(i) |
25% of the shares will be subject to a resale restriction of four
months and one day from the closing date; |
(ii) |
An additional 25% of the shares will be subject to a resale
restriction of 12 months from the closing date; |
(iii) |
An additional 25% of the shares will be subject to a resale
restriction of 18 months from the closing date; and |
(iv) |
The remaining 25% of the shares will be subject to a resale
restriction of 24 months from the closing date. |
“We wish to extend a warm welcome to the
Parabellum Esports professional team,” said Laurent Benezra,
President and CEO of Intema. “The addition of this talented team to
Intema fits perfectly with our growth strategy and the ecosystem we
are building in esports and iGaming. Parabellum Esports had a great
2021 having earned over US$100,000 in prize money over the course
of the year, thanks to two North American Challenger League Stage
wins and a top 12 finish at the 2021 Six Invitational in Paris.
These performances have earned the team a spot in the Rainbow Six
North American Pro League, which will provide future opportunities
for years to come, while contributing to Intema's future
success.” About Parabellum
EsportsFounded in 2020, Parabellum is a Canadian
Professional Esports Organization from Toronto and is competing in
titles such as Rainbow 6, Rocket League, Super Smash Bros Ultimate,
CSGO, iRacing and more. We also have a full content team with
content creators and streamers from all over North America.
Parabellum also runs Northern Shield Academy, which gives amateur
players coaching, mentorships and paths to move their esports
career forward. For more information, visit
www.parabellumesports.com.About IntemaIntema
Solutions Inc. is the emerging world leader in the esports and
iGaming industry. Our mission is to bring the excitement of esports
betting to the entire world through fully licensed, secure online
platforms. Our ecosystem consists of subsidiaries in esports,
iGaming, product branding, digital advertising and marketing
campaign design that are all complementary drivers of our future
revenue growth. For more information, please visit our corporate
website at intema.ca.ContactLaurent
BenezraPresident and
CEO514-861-1881info@intema.caForward-Looking
StatementsThis press release contains certain
“forward-looking information” and “forward-looking statements”
(collectively, “forward-looking statements” within the meaning of
applicable Canadian securities laws. All statements, other than
statements of historical facts, included in this press release,
including, without limitation, those regarding the Private
Placement; the expected development of the Corporation’s business
and projects; execution of the Corporation’s vision and growth
strategy; sources and availability of financing for the
Corporation’s projects; and future liquidity, working capital, and
capital requirements, are forward-looking statements. Although the
forward-looking statements in this press release are based upon
what management of the Corporation believes are reasonable
assumptions, they are inherently subject to significant business,
economic and competitive uncertainties, and contingencies, and
there can be no assurance that they will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Forward-Looking statements can
generally be identified by the use of forward-looking words such as
“may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”,
“anticipate”, “expect”, “believe” or “continue”, or the negative
thereof or similar variations. Forward-looking statements in this
press release relate to, among other things, statements relating to
the terms of the Private Placement and the terms of the Proposed
Transaction; Intema’s future outlook and anticipated events or
results; and the completion of the Private Placement and the
Proposed Transaction. Actual future results may differ materially.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause future results,
performance or achievements to be materially different from the
estimated future results, performance or achievements expressed or
implied by those forward-looking statements and the forward-looking
statements are not guarantees of future performance. The
Corporation’s statements expressed or implied by these
forward-looking statements are subject to a number of risks,
uncertainties, and conditions, many of which are outside of the
Corporation’s control, and undue reliance should not be placed on
such statements. Forward-looking statements are qualified in their
entirety by the inherent risks and uncertainties surrounding the
Private Placement and the Proposed Transaction, including: that the
Corporation’s assumptions in making forward-looking statements may
prove to be incorrect; general adverse market conditions and
competition; the inability to finance operations and/or obtain any
future strategic investment necessary to implement new
technologies; the inability to build a sustainable, conscientious
company with a stronger presence online through new products in
esports and gaming; the inability to obtain, or maintain, gaming
license(s); and that market conditions related to the COVID-19
pandemic may negatively affect the outcome of the business or
operations of the Corporation, including its results and financial
condition. Except as required by securities law, the Corporation
does not assume any obligation to update or revise any
forward-looking statements, whether as a result of new information,
events or otherwise. The Corporation undertakes no obligation to
update forward-looking statements except as required by applicable
securities laws. The reader is cautioned not to place undue
reliance on forward-looking statements.Neither TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accept responsibility for
the adequacy or accuracy of this release.
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