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ALISO VIEJO, CALIFORNIA–(Marketwired – June 16, 2016) – Fantasy Aces Daily Fantasy Sports Corp. (the “Corporation” or “Fantasy Aces“) (TSX VENTURE:FAS)(OTC PINK:FASDF) announces that it has completed a consolidation of its common shares on the basis of one (1) new post-consolidation common share for every five (5) pre-consolidated common shares. Fantasy Aces’ common shares are expected to begin trading on a post-consolidation basis on the TSX Venture Exchange (“TSXV“) when markets open on Tuesday, June 21, 2016.
The Corporation agreed to complete the consolidation as it was a condition to the TSXV’s acceptance of the shares for debt private placement of the Corporation that closed on May 11, 2016. For further information with respect to the shares for debt private placement, please refer to the news release of the Corporation dated May 11, 2016 filed on SEDAR at www.sedar.com.
The 210,022,714 common shares of the Corporation outstanding will be reduced to approximately 42,004,542 common shares. No fractional shares will be issued. Any fractions of a share will be rounded to the nearest whole number of common shares. The Corporation’s name and trading symbol will remain unchanged.
Letters of transmittal with respect to the consolidation will be mailed to all registered shareholders of the Corporation. The letter of transmittal will request that shareholders send their pre-consolidated common share certificates together with the duly executed letter of transmittal to the Corporation’s transfer agent, Computershare Trust Company of Canada, to receive post-consolidation common share certificates.
About Fantasy Aces
Fantasy Aces is a leading DFS (Daily Fantasy Sports) site focused on everyday skill-based fantasy sports games. Fantasy Aces has developed proprietary software which allows users to create fantasy teams from the player rosters of actual sports leagues and then use their teams to compete against other users in various categories such as points scored, yards gained, goals, assists or home runs registered, depending on the specific sport. The FantasyAces.com website currently offers daily and weekly skill based fantasy sports games for six major North American sports, including the NFL, NBA, NHL, MLB, College Football and the PGA. Fantasy Aces also offers a variety of entry fee contest options for its members to play, in addition to free roll tournaments to attract new members to the site. Fantasy Aces charges a management fee from all entry fees collected on the website.
Trading in the securities of Fantasy Aces Daily Fantasy Sports Corp. should be considered highly speculative.
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.
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Fantasy Aces Daily Fantasy Sports Corp.
Tom Frisina
Chief Executive Officer
(805) 565-7850
tom@fantasyaces.com
Fantasy Aces Daily Fantasy Sports Corp.
Jerome Cliche
Corporate Communications
(514) 815-8799
jerome@fantasyaces.com
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Thu, 16 Jun 2016 20:32:20 GMT