FansUnite Announces Renewal of Normal Course Issuer Bid
FansUnite Announces Renewal of Normal Course Issuer Bid
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2023) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") is pleased to announce it has received approval from the Toronto Stock Exchange (the "TSX") to renew its normal course issuer bid (the "NCIB") for a 12-month period.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年6月16日)-FansUnite Entertainment Inc.(多倫多證券交易所股票代碼：Fans)(OTCQB：FfuF)(“FansUnite“或”公司“)很高興地宣佈已獲得多倫多證券交易所(The Toronto Stock Exchange)的批准。多倫多證券交易所“)更新其正常路線發行人投標(”NCIB“)為期12個月。
Under the terms of the renewed NCIB, FansUnite may purchase up to 17,898,515 common shares of the Company (the "Shares"), representing 5% of the 357,970,305 issued and outstanding Shares as of June 14, 2023. The NCIB will commence on June 20, 2023, (the "Commencement Date") and may extend for a period of up to 12 months from the Commencement Date.
根據續訂的NCIB條款，FansUnite可購買最多17,898,515股本公司普通股(“股票“)，佔截至2023年6月14日的357,970,305股已發行和流通股的5%。NCIB將於2023年6月20日開始(開始日期“)，並可自生效日期起最多延展12個月。
The number of Shares to be purchased per day, other than purchases made pursuant to the block purchase exception, will be limited to 57,910 Shares, which represents 25% of the average daily trading volume of 231,642 Shares on the TSX for the six months ending May 31, 2023. The Company intends to acquire 7,000,000 shares under the NCIB, representing approximately 1.96% of the issued and outstanding Shares. The actual number of Shares purchased under the NCIB and the timing of the purchases will depend on market conditions and cash available, and shall be in compliance with TSX rules and policies, and National Instrument 62-104 Take-Over Bids and Issuer Bids. Purchases will be made on the open market through the facilities of TSX, other designated exchanges and/or alternative trading systems in Canada and the United States. All purchases by the Company under the NCIB will be made through Research Capital Corporation, as broker dealer of the Company, using FansUnite's existing cash resources, and all Shares purchased under the NCIB will be cancelled.
除根據大宗購買例外進行的購買外，每天購買的股份數量將限制在57,910股，佔截至2023年5月31日的六個月多倫多證交所231,642股的平均每日交易量的25%。本公司擬根據NCIB收購7,000,000股股份，約佔已發行及已發行股份的1.96%。根據NCIB購買的股票的實際數量和購買的時間將取決於市場狀況和可用現金，並應符合多倫多證券交易所的規則和政策，以及國家文書62-104接管投標和發行人投標。購買將通過加拿大和美國的多倫多證券交易所、其他指定交易所和/或替代交易系統在公開市場上進行。公司在NCIB下的所有購買將通過研究資本公司作為公司的經紀交易商進行，使用FansUnite的現有現金資源，根據NCIB購買的所有股票將被取消。
The Company proposes to renew the NCIB because it believes that the market price of the Shares may not, from time to time, fully reflect their value and accordingly, the purchase of the Shares would be in the best interest of the Company as well as an attractive and appropriate use of available funds. It is expected that any purchases made by the Company could also enhance value and liquidity for its shareholders.
本公司建議延長NCIB，因為本公司相信股份的市價可能不時未能完全反映其價值，因此，購買股份將符合本公司的最佳利益，以及對可用資金有吸引力及適當的運用。預期本公司作出的任何收購亦可提高其股東的價值及流動資金。
Under its prior NCIB, which commenced on June 15, 2022 and ended on June 14, 2023, FansUnite obtained approval to purchase up to a total of 10,000,000 Shares, of which the Company purchased 552,000 Shares at a volume weighted average price of $0.13 per Share. Purchases were made on the open market through the facilities of the TSX, other designated exchanges and/or alternative trading systems in Canada and the United States.
根據其於2022年6月15日開始至2023年6月14日結束的上一次NCIB，FansUnite獲得批准購買總計10,000,000股，其中公司以成交量加權平均價每股0.13美元購買了552,000股。購買是通過加拿大和美國的多倫多證券交易所、其他指定交易所和/或替代交易系統的設施在公開市場上進行的。
About FansUnite Entertainment Inc.
關於FansUnite娛樂公司
FansUnite is a global sports entertainment and gaming company. Our business is focused on the regulated and lawful sports betting affiliate market which includes customer acquisition, retention, support and reactivation. FansUnite has established itself as a leader in the North American affiliate market through its subsidiary American Affiliate Co LLC ("AmAff" or "American Affiliate"). AmAff is a North American omni-channel customer acquisition company, covering both retail and digital customer activation for sportsbooks, casinos, poker and fantasy sports platforms.
FansUnite是一家全球性的體育娛樂和遊戲公司。我們的業務專注於受監管和合法的體育博彩關聯市場，包括客戶獲取、保留、支持和重新啟動。FansUnite通過其子公司American Affiliate Co LLC(“AmAff”或“American Affiliate”)確立了自己在北美附屬公司市場的領先地位。AmAff是一家北美全渠道客戶獲取公司，涵蓋體育書籍、賭場、撲克和夢幻體育平臺的零售和數字客戶激活。
For further information, please contact:
如需更多資訊，請聯繫：
Prit Singh, Investor Relations at FansUnite
ir@fansunite.com
(905) 510-7636
Pirt Singh，FansUnite投資者關係
郵箱：ir@fansunite.com
(905)510-7636
FORWARD-LOOKING INFORMATION:
前瞻性資訊：
This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that FansUnite anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking statements in this news release include, but are not limited to: the purchase of Shares by the Company under the NCIB; the availability of cash for repurchases of outstanding Shares under the NCIB; compliance of third parties with their contractual obligations related to the NCIB; the existence of alternative uses for the Company's cash resources which may be superior to effecting repurchases under the NCIB; compliance with applicable laws and regulations pertaining to the NCIB; failure to realize the anticipated benefits of the NCIB; the Company's strategic objectives, goals, growth strategy and focus including growing revenue and free cash flow through improved operations, accretive acquisitions, internal expansion, integrating and innovating operations and revenue management.
本新聞稿包含根據適用的證券法可能構成前瞻性資訊的某些陳述。除歷史事實外，所有涉及預期或預期在未來可能或將(全部或部分)發生的活動、事件、結果、結果、發展、業績或成就的陳述均應被視為前瞻性資訊。通常，但並非總是，前瞻性資訊可以通過使用諸如“”、“Expect”、“is Expect”、“Budgeting”、“”、“Scheduled”、“Estiments”、“Forects”、“Prepates”或“Believes”等詞語或這些詞語和短語的變體(包括否定變體)、或以將來的時態形成的陳述或表示某些行動、事件或結果的“”、“Can”、“Will”來識別。“可能”或“將”()(或前述的其他變體)被採用、發生、實現或實現。本新聞稿中的前瞻性陳述包括但不限於：公司根據國家保險委員會的規定購買股份；可用現金回購國家保險公司的流通股；第三方遵守其與國家保險公司的合同義務；公司現金資源存在替代用途，可能優於根據國家保險公司的規定進行回購；遵守與國家保險公司有關的適用法律法規；未能實現國家保險公司的預期利益；公司的戰略目標、目標、增長戰略和重點，包括通過改善運營、增值收購、內部擴張、整合和創新運營和收入管理來增加收入和自由現金流。
Forward-looking statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, expectations and assumptions concerning: interest and foreign exchange rates; capital efficiencies, cost saving and synergies; growth and growth rates; the success in the online gambling and sports betting industry; the regulatory environment applicable to online gambling and sports betting; the technological infrastructure and support needed to host the Company's online gambling and sports betting platforms and applications; and the Company's growth plan. While FansUnite considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; risks associated with the regulatory environments in the jurisdictions the Company operates in; technology-related risks that could adversely affect the Company's ability to operate its online gambling and sports betting platforms and applications, risks related to the novel coronavirus (COVID-19) global pandemic and any effects it might have on the Company's business thereto. Readers are cautioned that the foregoing list is not exhaustive. Additional information regarding the risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in the Company's Annual Information Form dated March 30, 2023 as filed on its issuer profile on SEDAR at . Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release. FansUnite disclaims and does not undertake to update or revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
前瞻性表述基於公司在Light中對其經驗及其對歷史趨勢、當前狀況和預期未來發展的看法所作的假設和分析，包括但不限於預期和有關以下方面的假設：利息和匯率；資本效率、成本節約和協同效應；增長和增長率；在在線博彩和體育博彩業中的成功；適用於在線博彩和體育博彩的監管環境；託管公司的在線博彩和體育博彩平臺和應用程式所需的技術基礎設施和支持；以及公司的增長計劃。雖然FansUnite認為的這些假設是合理的，但根據目前掌握的資訊，它們可能被證明是不正確的。告誡讀者，不要將過度依賴於前瞻性陳述。此外，前瞻性陳述必然涉及已知和未知的風險，包括但不限於與一般經濟狀況相關的風險；與公司運營所在司法管轄區的監管環境相關的風險；可能對公司運營的在線賭博和體育博彩平臺及應用產生不利影響的技術相關風險；與新型冠狀病毒(JD)全球大流行相關的風險及其可能對公司的業務造成的任何影響。讀者需要注意的是，前面的列表並不是詳盡的。有關風險和不確定的更多資訊與公司業務相關，包含在公司日期為2023年3月30日的公司年度資訊表中的“RiskFaces”標題下，該表格已在SEDAR上的發行人簡介中提交。因此，讀者不應過分依賴-前瞻性陳述。本新聞稿中的前瞻性陳述是截至本新聞稿的Date作出的。不聲明，也不承諾更新或修改任何前瞻性陳述，無論是書面或口頭的，無論是新資訊、未來事件或其他的結果，除非適用的證券法律要求。
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