NorthStar Obtains Regulatory Approval to Proceed With Proposed Financing
NorthStar Obtains Regulatory Approval to Proceed With Proposed Financing
Toronto, Ontario--(Newsfile Corp. - October 27, 2023) - NorthStar Gaming Holdings Inc. (TSXV: BET) ("NorthStar" or the "Company") today announced that it has received a decision from the Ontario Securities Commission ("OSC") to permit the Company to obtain shareholder approval for its proposed $10.3 million private placement financing with Playtech plc and certain insiders of the Company (the "Transaction") by way of written consent.
安大略省多倫多-(Newsfile Corp.-2023年10月27日)-NorthStar Gaming Holdings Inc.(多倫多證券交易所股票代碼：BET)(以下簡稱“NorthStar”或“公司”)今天宣佈，它已收到安大略省證券委員會(“OSC”)的一項決定，允許公司以書面同意的方式獲得股東批准其與Playtech plc和某些內部人士擬進行的1,030萬美元的私募融資(“交易”)。
As previously disclosed, closing of the Transaction requires shareholder approval pursuant to MI 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") due to the participation of Playtech, an existing investor in the Company, as well as members of the Company's senior management team. With the waiver obtained from the OSC, the Company is exempt from the requirement to hold a shareholders' meeting to approve the Transaction and will instead seek to obtain written approval from holders of a majority of the common shares (excluding Playtech and management) in accordance with the OSC's decision.
正如之前披露的，由於公司現有投資者Playtech以及公司高級管理團隊成員的參與，交易的完成需要根據MI 61-101-保護特殊交易中的少數股東證券持有人(“MI 61-101”)獲得股東批准。在獲得OSC的豁免後，公司將免於召開股東大會批准交易的要求，而是將根據OSC的決定尋求獲得大多數普通股(不包括Playtech和管理層)持有人的書面批准。
The Company anticipates closing of the Transaction will occur prior to the end of October 2023.
該公司預計交易將在2023年10月底之前完成。
About NorthStar
關於北極星
NorthStar proudly owns and operates NorthStar Bets, a made-in-Ontario casino and sportsbook gaming platform that provides players with a uniquely local, premier user experience. The NorthStar Bets sportsbook provides real-time news, stats, analysis and scores directly in the betting environment along with the most popular online casino games. NorthStar also provides managed services to Spreads.ca an iGaming site owned and operated by the Abenaki Council of Wolinak.
北極星自豪地擁有並運營著北極星賭場，這是一個在安大略省製造的賭場和體育博彩遊戲平臺，為玩家提供獨特的本地首要用戶體驗。北極星博彩體育書籍直接在博彩環境中提供即時新聞、統計、分析和得分，以及最受歡迎的在線賭場遊戲。Northstar還向Spreads.ca提供管理服務，Spreads.ca是由Wolinak的Abenaki委員會擁有和運營的iGaming網站。
A Canadian company, NorthStar is uniquely positioned to become a convergence leader in the intersection of sports media and sports wagering thanks to its partnerships and agreements with leading media companies. NorthStar is committed to operating at the highest level of responsible gaming standards.
北極星是一家加拿大公司，由於其與領先媒體公司的合作夥伴關係和協議，它具有獨特的地位，可以成為體育媒體和體育博彩交叉領域的融合領導者。北極星致力於在負責任的遊戲標準的最高水準上運營。
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
任何證券交易所、證券委員會或其他監管機構均未批准或不批准本報告所載資訊。多倫多證券交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Cautionary Note Regarding Forward-Looking Information and Statements
有關前瞻性資訊和陳述的注意事項
This communication contains "forward-looking information" within the meaning of applicable securities laws in Canada ("forward-looking statements"), including without limitation, statements with respect to the following: financial guidance for 2023; expected performance of the Company's business; expansion into new markets and future growth opportunities and expected benefits of transactions; the closing of the Transaction, including the receipt of shareholder approvals. Forward-looking statements are provided for the purpose of presenting information about management's current expectations and plans relating to the future and allowing readers to get a better understanding of the Company's anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such factors include, among others, the following: risks related to the Company's business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; and the ability of the Company to implement its business strategies. NorthStar believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Information contained in forward-looking statements in this communication are provided as of the date hereof and NorthStar disclaims any obligation to update any forward-looking statements, whether as a result of new information or future events or results, except to the extent required by applicable securities laws.
本新聞稿包含加拿大適用證券法所指的“前瞻性資訊”(“前瞻性陳述”)，包括但不限於有關以下方面的陳述：2023年的財務指導；公司業務的預期表現；向新市場的擴張；未來的增長機會和交易的預期收益；交易的完成，包括收到股東批准。提供前瞻性陳述的目的是提供有關管理層目前對未來的期望和計劃的資訊，使讀者更好地瞭解公司的預期財務狀況、經營結果和經營環境。前瞻性陳述常常但並非總是可以通過使用“計劃”、“預期”、“預期”、“預算”、“計劃”、“估計”、“繼續”、“預測”、“專案”、“預測”、“打算”、“預期”或“相信”等詞語或這些詞語的變體或否定詞來確定，或說明某些行動、事件或結果“可能”、“可能”、“將”、“應該”，“可能”或“將”被採取、發生或實現。這些資訊涉及已知和未知的風險、不確定性和其他因素，這些風險、不確定性和其他因素可能導致實際結果或事件與這些前瞻性陳述中預期的大不相同。這些因素包括：與公司業務和財務狀況有關的風險；與一般經濟狀況有關的風險；不利的行業風險；未來的立法和管理髮展；以及公司實施其業務戰略的能力。Northstar認為，這些前瞻性陳述中反映的預期是合理的，但不能保證這些預期將被證明是正確的，不應過度依賴這些前瞻性陳述。本新聞稿中的前瞻性陳述中包含的資訊是截至本文發佈之日起提供的，北極星公司不承擔任何更新任何前瞻性陳述的義務，除非在適用的證券法要求的範圍內，無論是由於新的資訊或未來的事件或結果。
For further information:
NorthStar Gaming
Ben Powell
647 532 3948
investorrelations@northstargaming.ca
有關更多資訊，請訪問：
北極星遊戲
本·鮑威爾
647 532 3948
郵箱：investorrelationsing.ca
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。