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Victory Square Technologies Inc. Announces Closing of GameOn's Oversubscribed Financing for Gross Proceeds of $5.8 Million Canadian Stock Exchange:VST.CN


VANCOUVER, British Columbia, March 11, 2021 (GLOBE NEWSWIRE)
Victory Square Technologies Inc. (CSE: VST, OTC: VSQTF, FWB: 6F6) (the
Company or
GameOn ) has closed its previously announced and oversubscribed non-brokered private placement financing (the
Financing ) of 16,505,536 subscription receipts (the
Subscription Receipts ) at a price of $0.35 per Subscription Receipt, for gross proceeds of approximately $5.8 million.
The proceeds of the Financing (the
Escrowed Funds ) have been deposited in escrow pursuant to the terms of a subscription receipt agreement (the
Subscription Receipt Agreement ) dated March 11, 2021 between GameOn and Odyssey Trust Company as subscription receipt agent. The Escrowed Funds will be held in escrow pending satisfaction of all of the escrow release conditions pursuant to the terms of the Subscription Receipt Agreement including, but not limited to, the Company receiving all applicable regulatory approv ....

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Victory Square Technologies Inc. Portfolio Company GameOn Entertainment Technologies Inc. Announces Upsizing of Its Previously Announced Private Placement for Up to an Aggregate of $3 Million Due to Strong Investor Demand


VANCOUVER, British Columbia, Feb. 22, 2021 (GLOBE NEWSWIRE) Victory Square Technologies Inc. (“
Victory Square”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that further to its news release dated February 22, 2021, its portfolio company GameOn Entertainment Technologies Inc. (“
GameOn”) has increased the size of its previously announced non-brokered private placement (the “
SR Offering”) of subscription receipts of GameOn (“
Subscription Receipts”) from $1.5 million to $3 million due to strong investor demand. Each Subscription Receipt will be sold at a price of $0.35 and be governed by a subscription receipt agreement to be entered between GameOn and an escrow agent to be appointed by GameOn on or prior to the closing date of the SR Offering (the “ ....

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