CALGARY, AB and ISLE OF MAN,
July 1, 2021 /CNW/ - Real Luck Group
Ltd. (TSXV: LUCK) (OTCQB: LUKEF) ("Real Luck Group" or the
"Company") and its subsidiary companies doing business as "Luckbox"
(the "Group"), an award-winning provider of legal, real-money
esports is pleased to announce that the board of directors of the
Company has approved an amendment to the Company's 20% "fixed"
stock option plan (the "Plan") to increase the number of
shares to be reserved and authorized pursuant to stock options
granted under the Plan from 10,057,495 to 13,705,700.
The adoption and subsequent amendment of the Plan is subject to
(i) the approval of the TSX Venture Exchange (the "TSXV")
and (ii) the approval and ratification of disinterested
shareholders of the Company, which approval will be sought at the
Company's upcoming annual general and special meeting to be held on
August 13, 2021 (the
"Meeting"). At the Meeting, the Company will also seek
disinterested shareholder approval for the ratification of certain
stock option grants (the "Option Grants") under the
Plan.
For further information regarding the adoption and amendment of
the Plan and the Option Grants, please refer to the management
information circular of the Company for the Meeting, which is
expected to be filed on the Company's profile on SEDAR on or about
July 13, 2021.
About Luckbox
The Company is an award-winning betting company that offers
legal, real-money betting, live streams, and statistics on all
major esports and sports on desktop and mobile devices. The Company
has a Business-to-Consumer (B2C) platform, and by leveraging shared
technology, data, and resources, the Company can offer an extensive
range of betting options for esports tournaments. The Company's
in-house customized user interface and user experience, built on a
technology stack that supports multiple odds and streaming sources,
allows the Company to deliver deep esports betting coverage. The
Company has been built by a team combining experience in the
igaming industry and a passion for esports to offer players a
unique, broad, engaging, and legal CS:GO betting, Dota 2 and League
of Legends betting experience. The Company serves esports fans in
more than 80 territories across the globe. In November 2020, Luckbox was named Rising Star at
the EGR Operator Awards. The Company (via the Group) holds a full
licence under the Online Gambling Regulation Act (OGRA), issued by
the Isle of Man Gaming Supervision Commission. As the Group is
fully licensed in the Isle of Man for B2C and B2B esports &
sports betting and casino, the Company has access to favourable
payment processors. Luckbox is committed to supporting responsible
gambling.
Follow Luckbox on Twitter / Facebook / LinkedIn
The TSX Venture Exchange has neither approved nor
disapproved the contents of this press release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements: This
release includes certain statements and information that may
constitute forward-looking information within the meaning of
applicable Canadian securities laws. All statements in this news
release, other than statements of historical facts, including
statements regarding future estimates, plans, objectives, timing,
assumptions or expectations of future performance, including,
without limitation, the timing of the Meeting, the filing and
delivery of materials related to the Meeting, and the receipt of
any stock exchange or shareholder approvals required in connection
with the Plan and the Option Grants, is a forward-looking statement
and contains forward-looking information. Generally,
forward-looking statements and information can be identified by the
use of forward-looking terminology such as "intends" or
"anticipates", or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"should", "would" or "occur". Forward-looking statements are based
on certain material assumptions and analysis made by the Company
and the opinions and estimates of management as of the date of this
press release, including that the Meeting will occur on the
scheduled date, that materials related to the Meeting will be filed
or delivered on time and that the Company will continue to seek
stock exchange and shareholder approval of the Plan and the Option
Grants. Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied
by such forward-looking statements or forward-looking information.
However, the forward-looking statements in this news release are
subject to numerous risks, uncertainties and other factors that may
cause future results to differ materially from those expressed or
implied in such forward-looking statements, including without
limitation: the inability of the Company to obtain stock exchange
and shareholder approval of the Plan and Option Grants, the
inability of the Company to hold the Meeting on the scheduled date
and the inability of the Company to file or deliver materials
related to the Meeting on time. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. Readers
are cautioned that reliance on such information may not be
appropriate for other purposes. The Company does not undertake to
update any forward-looking statement, forward-looking information
or financial out-look that are incorporated by reference herein,
except in accordance with applicable securities laws.
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SOURCE Real Luck Group Ltd.