ACCESSWIRE
15 Jan 2022, 07:38 GMT+10
VANCOUVER, BC / ACCESSWIRE / January 14, 2022 / Yo Eleven Gaming Inc. (the 'Company' or 'Yo Eleven') announces that it intends to conduct a non-brokered private placement to raise up to $750,000 (this 'Financing') through the issuance of up to 15,000,000 units at the price of $0.05 per unit. Each unit shall consist of one common share and one common share purchase warrant (a 'Warrant'). Each Warrant shall entitle the holder to acquire one common share at the price of $0.25 per common share for a period of three years. The warrants shall contain an acceleration provision, which may be triggered, once the Company's shares have been publicly listed for trading and have traded at a price of $0.50 per common share for 15 (fifteen) consecutive trading days.
The proceeds from this Financing will be used for general working capital purposes.
The securities that may be issued in connection with this Financing shall include a hold period in accordance with the applicable securities laws. There may be finder's fees payable in respect to this Financing.
About Yo Eleven Gaming Inc.
Yo Eleven Gaming Inc. plans to be a sports betting and online gaming company. Yo Eleven's mission is to bring people together in a fun and engaging environment while supporting gaming operators with a streamlined platform to manage their businesses.
For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681-0204 ext. 6105.
On behalf of the Board of
Yo Eleven Gaming Inc.
'Jake H. Kalpakian'
Jake H. Kalpakian
President & CEO
Securities of the Company should be considered speculative.
Certain statements contained herein are 'forward-looking'. Forward-looking statements may include, among others, statements regarding future plans, proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as 'may', 'would', 'could', 'will', 'likely', 'enable', 'feel', 'seek', 'project', 'predict', 'potential', 'should', 'might', 'objective', 'believe', 'expect', 'propose', 'anticipate', 'intend', 'plan', 'plans', 'mission', 'estimate', and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections and estimations, there can be no assurance that these assumptions, projections or estimations are accurate. Readers, shareholders and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions or expectations upon which they are based might not occur.
SOURCE: Yo Eleven Gaming Inc.
Get a daily dose of Dallas Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dallas Sun.
More InformationWASHINGTON D.C.: Despite the U.S. Food and Drug Administration's 2016 crack downon fruity, sweet-flavored e-cigarettes that can cause teens to ...
LONDON, England: Official figures have been released indicating that in the year to June, the UK recorded its highest increase ...
WASHINGTON D.C.: The U.S. Food and Drug Administration has approved the sale of over-the-counter hearing aids for people with mild ...
DHAKA, Bangladesh - Michelle Bachelet has urged the Bangladesh government to establish an independent investigation into allegations of enforced disappearances. ...
LONDON, England: Despite a legal challenge in London's High Court in early September, the UK government is continuing to pursue ...
NEW DELHI, India: During his national day address this week, Prime Minister NarendraModi said India will seek to become a ...
NEW YORK CITY, New York: Months after the U.S. faced acute shortages of baby formula, this week two major U.S. ...
SYDNEY, NSW, Australia - Stocks were in the doldrums in Asia on Friday as investors weighed up potential Federal Reserve ...
LONDON, England: As surging food costs are further squeezing household budgets, inJuly consumer price inflation in the UK jumped to ...
NEW DELHI, India: After a decline in prices reaching a 2-year low encouraged investors to purchase silver in 2022, India's ...
NEW YORK CITY, New York: The American hedge fund Third Point has purchased a stake worth some $1 billion in ...
NEW YORK, New York - Investors were divided on Thursday as to where to send U.S. stocks. Jitters about inflation, ...