Playground Announces Acquisition of "The Campaign" Game Development Project
Playground Announces Acquisition of "The Campaign" Game Development Project
Toronto, Ontario--(Newsfile Corp. - January 28, 2022) - Playground Ventures Inc. (CSE:PLAY) (the "Company" or "Playground") is pleased to announce that further to its press release of June 3, 2021, the Company has entered into a share purchase agreement dated January 27, 2022 (the "Share Purchase Agreement"), with 1281750 B.C. Ltd. ("BCCo") and the shareholders of BCCo (collectively, the "Vendors"), pursuant to which the Company has acquired one hundred percent (100%) of the issued and outstanding common shares of BCCo (the "Transaction").
安大略省多倫多-(Newsfile Corp.-2022年1月28日)-遊樂場風險投資公司(CSE：Play)(The公司“或”操場)欣然宣佈，繼於2021年6月3日發佈新聞稿後，本公司已於2022年1月27日訂立購股協議(股份購買協議)，擁有公元前1281750年的股份有限公司(“國商銀行)及國商股東(統稱為賣主)，據此，本公司已百分之百(100%)收購國商已發行及已發行普通股(交易記錄").
Pursuant to the Share Purchase Agreement, the Company will acquire all of the issued and outstanding common shares of BCCo in consideration of issuing to the Vendors an aggregate of 5,000,000 common shares in the capital of the Company (the "Consideration Shares"). The Consideration Shares are subject to the following vesting provisions: as to 1/4 immediately upon closing of the Transaction (the "Closing Date") with 1/4 additional Consideration Shares being released from escrow every six months following the Closing Date. All securities issued pursuant to the Transaction will be subject to the statutory hold period of four months and one day from the issuance thereof, as applicable, in accordance with applicable securities laws.
根據購股協議，本公司將收購國商全部已發行及已發行普通股，代價為向賣方發行合共5,000,000股本公司股本(“本公司股本”)普通股。對價股份“)。代價股份須受下列歸屬條文規限：緊接交易完成後的四分之一(”截止日期根據適用的證券法，根據該交易發行的所有證券的法定持有期為4個月零1天(視情況而定)。“)每隔6個月，將有1/4的額外對價股票從交易結束日起解除託管，根據適用的證券法，所有根據該交易發行的證券將受法定持有期4個月零1天的約束。
BCCo is a private company formed under the laws of British Columbia, that creates, develops and publishes software related to mobile games and applications. Politics has become a dominant theme in today's news. Political campaigns are capturing people's attention like never before and creating massive communities using social media that have yet to be accessed and monetized by the gaming industry. The Campaign is a hybrid casual mobile game and political campaign app designed to engage a wide range of mobile players. It enhances players' experience and connection with politics through a rewarding game that includes a suite of communication features where players follow stories as they manage and grow a political campaign. Based on the popular Idle game genre, the game is being developed to support a dual game strategy, with a direct-to-consumer version (B2C) and a fully customizable business to business version (B2B).
BCCO是根據不列顛哥倫比亞省法律成立的一傢俬營公司，負責創建、開發和發佈與手機遊戲和應用程序相關的軟件。政治已成為今天新聞的主導主題。政治競選活動正在前所未有地吸引人們的注意力，並利用尚未被遊戲行業訪問和貨幣化的社交媒體創建大規模的社區。這款運動是一款混合休閒手遊和政治競選應用程序，旨在吸引廣泛的移動玩家。它通過一款有利可圖的遊戲加強玩家與政治的體驗和聯繫，其中包括一套溝通功能，玩家在管理和發展政治競選活動的過程中關注故事。基於流行的Idle遊戲類型，這款遊戲正在開發中，以支持雙重遊戲策略，包括直接面向消費者的版本(B2C)和完全可定製的企業對企業版本(B2B)。
One of the shareholders of BCCo is a company beneficially owned and controlled by an insider of the Company. As a result, the Transaction constitutes a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Transaction by the insiders does not exceed 25% of the market capitalization of the Company in accordance with MI 61-101.
國商的股東之一為本公司一名內部人士實益擁有及控制的公司。因此，該交易構成多邊文書61-101所定義的“關聯方交易”--特殊交易中少數證券持有人的保護 ("米其林61-101本公司依賴MI 61-101第5.5(B)及5.7(1)(A)條所載豁免MI 61-101的估值及小股東批准的規定，因為本公司並非於指定市場上市，而根據MI 61-101，內部人士參與交易的公平市值不超過本公司市值的25%。
Prior to the completion of the Acquisition, Ms. Emma Fairhurst, beneficially owned and controlled, directly or indirectly, 23,975,000 Common Shares, 6,025,000 Warrants and 200,000 Options representing 42.47% on an undiluted basis and 44.62% on a partially diluted basis. Following the completion of the Acquisition, Ms. Fairhurst beneficially owns and controls, directly or indirectly, an aggregate of 26,220,000 Common Shares, 6,025,000 Warrants and 200,000 Options, representing approximately 42.68% of the Company's issued and outstanding Common Shares on an undiluted basis and 47.94% of the Company's issued and outstanding on a partially diluted basis.
收購完成前，Emma Fairhurst女士直接或間接實益擁有及控制23,975,000股普通股、6,025,000份認股權證及200,000份購股權，佔未稀釋基礎上的42.47%及部分攤薄基礎上的44.62%。收購完成後，Fairhurst女士直接或間接實益擁有並控制總計26,220,000股普通股、6,025,000份認股權證及200,000份購股權，佔本公司已發行及已發行普通股(按未稀釋基礎)約42.68%，佔本公司已發行及已發行已發行普通股(按部分攤薄基礎)約47.94%。
For further information, please contact:
如需更多信息，請聯繫：
Jon Gill, Chairman
Tel: 416-361-1913
Email: investors@playgroundventures.com
喬恩·吉爾(Jon Gill)，董事長
電話：416-361-1913
電子郵件：Investors@playround ventures.com
Forward-Looking Information
前瞻性信息
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
本新聞稿包含適用證券法所指的某些“前瞻性信息”。前瞻性信息經常使用諸如“計劃”、“預期”、“項目”、“打算”、“相信”、“預期”、“估計”、“可能”、“將會”、“將會”、“潛在”、“建議”和其他類似詞語，或某些事件或條件“可能”或“將”發生的陳述來描述。這些陳述只是預測。前瞻性信息以提供信息之日管理層的意見和估計為基礎，會受到各種風險、不確定因素和其他因素的影響，這些因素可能會導致實際事件或結果與前瞻性信息中預測的大不相同。關於公司及其業務和事務面臨的風險和不確定因素的描述，讀者應參考公司管理層的討論和分析。除非法律要求，否則如果情況或管理層的估計或意見發生變化，公司不承擔更新前瞻性信息的義務。提醒讀者不要過度依賴前瞻性信息。
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