Wondr Gaming Corp. announced its intention to raise up to $10 million through the issuance of up to 50,000 units at a price of $0.20 per unit in a non-brokered private placement financing, led by Max Desmarais and the Chrétien-Desmarais family. Each unit will consist of one common and one-half common share purchase warrant. Each warrant is exercisable into one additional common share at a price of $0.30 for a period of twenty-four months from the closing date.
“As an entertainment company focused on engaging the GenZ and Millennial gaming audience, we are developing a strategic M&A strategy for 2022, that is informed by the experience that our tenured management team brings to the table,” said Jon Dwyer, CEO of Wondr Gaming. “To have the full support of the Chrétien-Desmarais family leading this financing, and with Max Desmarais as our Chief Strategy Officer, we greatly look forward to executing on our acquisition strategy and building Wondr into the industry leader in gaming-focused multi-channel media, and original curated content.”
A finder’s fee may apply to a portion of the proceeds raised under the private placement. All securities issued pursuant to the private placement will be subject to a four-month hold period from the date of issue.
Proceeds from the private placement will be used by Wondr Gaming for general working capital purposes and the potential acquisition of strategic assets.
(All information was provided by Cision PR Newswire)
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