NorthStar Completes $10.3 Million Financing
NorthStar Completes $10.3 Million Financing
Toronto, Ontario--(Newsfile Corp. - October 31, 2023) - NorthStar Gaming Holdings Inc. (TSXV: BET) ("NorthStar" or the "Company") today announces that it has closed its previously announced private placement financing of approximately $10.3 million, consisting of common shares, warrants and convertible debentures (the "Offering"). All dollar figures are quoted in Canadian dollars.
安大略省多倫多-(Newsfile Corp.-2023年10月31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，它已經完成了之前宣佈的約1,030萬美元的私募融資，包括普通股、認股權證和可轉換債券(“發售”)。所有的美元數位都是以加元報價的。
Pursuant to the Offering, NorthStar has issued 29,528,458 units (the "Units") at a price of $0.175 per Unit, with each Unit comprised of one common share of the Company (a "Common Share"), one half warrant to acquire Common Shares exercisable at $0.36 per full warrant (each such whole warrant an "A Warrant"), and a further half warrant to acquire Common Shares exercisable at $0.40 per full warrant (each such whole warrant a "B Warrant"), in each case for a period of five years. In addition, the Company has issued three-year, 8% unsecured convertible debentures ("Convertible Debentures") in the aggregate principal amount of approximately $5.2 million, converting into Common Shares at $0.20 per share with interest payable-in-kind. Investors in the Offering include Playtech plc ("Playtech"), a global leader in gambling technology that is a supplier of software and services to, and already a significant investor in, the Company, as well as members of the Company's senior management team. All securities issued pursuant to the Offering are legended and restricted from trading until March 1, 2024.
根據是次發售，北極星已按每單位0.175美元的價格發行29,528,458個單位(“單位”)，每個單位包括一股本公司普通股(“普通股”)、一份可按每股認股權證0.36美元行使的普通股半權證(每份該等完整認股權證為“A認股權證”)及另一份可按每份全面認股權證0.4美元行使的普通股認股權證(每份該等完整認股權證為“B認股權證”)，每種情況下為期五年。此外，公司還發行了本金總額約520萬美元的三年期8%無擔保可轉換債券(“可轉換債券”)，以每股0.2美元的價格轉換為普通股，並支付實物利息。此次發行的投資者包括博彩技術的全球領先者Playtech plc(“Playtech”)，該公司是軟體和服務的供應商，並且已經是該公司的重要投資者，以及該公司的高級管理團隊成員。根據此次發行發行的所有證券均為圖例，並在2024年3月1日之前不得交易。
Proceeds from the Offering will be utilized to fund NorthStar's expansion across Canada and for general working capital purposes.
此次發行所得資金將用於北極星在加拿大的擴張，並用於一般營運資金用途。
"This injection of capital will strengthen our balance sheet and fund our continued growth," said Michael Moskowitz, Chair and CEO of NorthStar. "In particular, the Canada-wide re-branding of Spreads.ca into NorthStarBets.com is expected to supplement the strong organic growth we continue to deliver in our initial market."
北極星公司董事長兼首席執行官邁克爾·莫斯科維茨表示：“這筆注資將加強我們的資產負債表，並為我們的持續增長提供資金。”特別是，在加拿大範圍內將Spreads.ca重新命名為NorthStarBets.com，預計將補充我們在最初市場繼續實現的強勁有機增長。“
Pursuant to the terms of the Investor Rights Agreement dated December 19, 2022 between Playtech and the Company (the "Investor Rights Agreement"), as a result of the increase in Playtech's ownership interest in the Company because of the Offering, Playtech now has the right to nominate up to four individuals to the Company's board of directors. Prior to completion of the Offering, Playtech had nominated one individual to the Company's board of directors, Chris McGinnis, Playtech's Chief Financial Officer, and upon completion of the Offering, Playtech has elected to nominate one additional member to the board of directors. Alex Latner, General Counsel of Playtech, has now been appointed to the Company's board of directors. Playtech retains the right to nominate up to two additional directors in the future.
根據Playtech與本公司於2022年12月19日訂立的投資者權利協定(“投資者權利協定”)的條款，由於是次發售令Playtech於本公司的所有權權益增加，Playtech現有權提名最多四名人士進入本公司董事會。在發行完成之前，Playtech已經提名了一名個人進入公司董事會，他是Playtech的首席財務官克裡斯·麥金尼斯，在發行完成後，Playtech選擇再提名一名董事會成員。Playtech的總法律顧問亞歷克斯·拉特納現在已被任命為公司董事會成員。Playtech保留在未來提名最多兩名額外董事的權利。
As previously disclosed on September 22, 2023, the participation of Playtech and other insiders in the transaction (the "Related Party Participation") constitutes a related party transaction under Multilateral Instrument 61-101 ("MI 61-101"). The Related Party Participation was exempt from the valuation requirements of MI 61-101 under Section 5.5(b) of MI 61-101. Minority shareholder approval was obtained to the Related Party Participation by way of written consent pursuant to the decision of the OSC issued on October 26, 2023 and the policies of the TSXV.
如此前於2023年9月22日披露的，Playtech和其他內部人士參與交易(“關聯方參與”)構成了多邊檔案61-101(“MI 61-101”)下的關聯方交易。根據MI 61-101第5.5(B)節，關聯方參與獲豁免遵守MI 61-101的估值要求。根據OSC於2023年10月26日發佈的決定和TSXV的政策，小股東以書面同意的方式獲得關聯方參與的批准。
Early Warning Disclosure Regarding Playtech
關於Playtech的預警資訊披露
In the Offering, Playtech acquired 28,571,428 Units (comprised of 28,571,428 Common Shares, 14,285,714 A Warrants and 14,285,714 B Warrants) for $0.175 per Unit and a Convertible Debenture with an initial outstanding principal amount of $5.0 million, for aggregate consideration of $10.0 million.
在此次發行中，Playtech以每單位0.175美元的價格收購了28,571,428個單位(包括28,571,428股普通股、14,285,714個A權證和14,285,714個B權證)以及一隻初始未償還本金為500萬美元的可轉換債券，總代價為1,000萬美元。
Immediately prior to the completion of the Offering, Playtech beneficially owned, directly or indirectly, or exercised control or direction over, 24,500,000 Common Shares, 12,250,000 warrants to acquire Common Shares exercisable at a price of $0.85 per Common Share until March 3, 2028 and 12,250,000 warrants to acquire Common Shares exercisable at a price of $0.90 per Common Share until March 3, 2028 (together, the "Current Warrants"), representing approximately 15.01% of the issued and outstanding Common Shares on a non-diluted basis and 26.10% on a partially diluted basis.
緊接發售完成前，Playtech直接或間接實益擁有24,500,000股普通股、12,250,000份認股權證以收購可按每股普通股0.85美元行使至2028年3月3日的普通股、12,250,000份認股權證以收購可按每股普通股0.90美元價格行使至2028年3月3日的普通股(合共為“現行認股權證”)，佔非攤薄基礎上已發行及已發行普通股約15.01%及部分攤薄基礎上26.10%。
Immediately following the closing of the Offering, Playtech beneficially owned, directly or indirectly, or exercised control or direction over, 53,071,428 Common Shares, the Current Warrants, 14,285,714 A Warrants, 14,285,714 B Warrants and a Convertible Debenture with an outstanding principal amount of $5.0 million, representing approximately 27.53% of the issued and outstanding Common Shares on a non-diluted basis and 48.42% on a partially diluted basis.
緊隨發售完成後，Playtech直接或間接實益擁有或控制或指示53,071,428股普通股、14,285,714份A權證、14,285,714份B權證及一份未償還本金為500萬美元的可轉換債券，按非攤薄基準佔已發行及已發行普通股約27.53%，按部分攤薄基準佔48.42%。
Playtech acquired the securities of the Company as part of its continuing strategic investment in the Company. Playtech intends to review its investment in the Company on a continuing basis and may, from time to time and at any time, and depending on market and other conditions, acquire or dispose of the Company's equity or debt securities or instruments through open market transactions, private placements and other privately negotiated transactions, or otherwise (including through exercising rights provided to Playtech in the Investor Rights Agreement and in the Registration Rights Agreement dated December 19, 2022 between Playtech and the Company), in each case, depending on a number of factors, including general market and economic conditions and other factors and conditions Playtech deems appropriate.
Playtech收購了該公司的證券，作為其對該公司持續戰略投資的一部分。Playtech打算持續審查其在本公司的投資，並可根據市場和其他條件，不時和隨時通過公開市場交易、私募和其他非公開協商的交易或其他方式(包括通過行使投資者權利協定和Playtech與本公司於2022年12月19日的註冊權協定中提供給Playtech的權利)，根據包括一般市場和經濟條件以及Playtech認為合適的其他因素和條件，收購或處置公司的股權或債務證券或工具。
Playtech is a company incorporated under the laws of the Isle of Man with a registered address of Ground Floor, St George's Court, Upper Church Street, Douglas, Isle of Man, IM1 1EE. Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling industry with over 7,300 employees across 19 countries. Playtech is the gambling industry's leading technology company delivering business intelligence driven gambling software, services, content and platform technology across the industry's most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo and poker.
Playtech是一家根據馬恩島法律成立的公司，註冊地址為馬恩島道格拉斯上教堂街聖喬治法院一樓，IM1 1EE。Playtech成立於1999年，在倫敦證券交易所主板上市，是博彩業的技術領先者，在19個國家擁有超過7300名員工。Playtech是博彩業領先的技術公司，提供商業智慧驅動的博彩軟體、服務、內容和平臺技術，涵蓋博彩業最受歡迎的垂直產品，包括賭場、現場賭場、體育博彩、虛擬體育、賓果和撲克。
An early warning report will be filed by Playtech under applicable Canadian securities laws and once filed will be available under the Company's SEDAR profile. A copy of such report may also be obtained by contacting Sandeep Gandhi, Head of Investor Relations, Playtech, at +44 (0)1624 645954 or ir@playtech.com.
Playtech將根據適用的加拿大證券法提交一份預警報告，一旦提交，將在公司的SEDAR資料中獲得。也可以聯繫Playtech公司投資者關系部主管桑迪普·甘地，電話：+44(0)1624 645954，或電子郵件：ir@playtech.com，獲取此類報告的副本。
About NorthStar
關於北極星
NorthStar proudly owns and operates NorthStarbets.ca, 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 Northstarbets.com an iGaming site owned and operated by the Abenaki Council of Wolinak.
北極星自豪地擁有和運營NorthStarbets.ca，這是一個在安大略省製造的賭場和體育遊戲平臺，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Northstarbets.com提供管理服務，Northstarbets.com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。
NorthStar's registered address is Suite 503 - 905 West Pender Street, Vancouver, B.C. V6C 1H2 and its principal place of business is located at 220 King St. West, Suite 200, Toronto, Ontario, M5H 1K4, Canada.
北極星公司的註冊地址是卑詩省溫哥華西彭德街503-905室，不列顛哥倫比亞省V6C 1H2，其主要營業地點是加拿大安大略省多倫多200室國王街220號，郵編：M5H 1K4。
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
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; and the use of proceeds of the Offering. 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.
有關前瞻性資訊和陳述的注意事項
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；公司業務的預期業績；向新市場的擴張；交易的未來增長機會和預期收益；以及發行收益的使用。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
Corey Goodman
6475302387
investorrelations@northstargaming.ca
有關更多資訊，請訪問：
北極星遊戲
科裡·古德曼
6475302387
郵箱：investorrelationsing.ca
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