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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Jun. 27, 8:02 AM

Slide #3. Orange Capital Ventures GP, LLC Gaming Nation Inc.

Acquirer: Orange Capital Ventures GP, LLC
Acquiree: Gaming Nation Inc. (CVE:FAN.CA)
Details: Gaming Nation Inc. ("Gaming Nation" or the "Company") (TSX VENTURE: FAN), announced today that it has entered into an arrangement agreement (the "Arrangement Agreement") with OC Special Opportunities Fund, LP, a private investment fund, managed by Orange Capital Ventures GP, LLC (collectively, "Orange Capital'). Under the Arrangement Agreement, and with the unanimous support from Gaming Nation's board of directors (the "Board"), Orange Capital will acquire all of the issued and outstanding shares of Gaming Nation, other than certain shares held by members of management and the Board, for CAD$0.95 in cash per share. The purchase price represents a 90% premium to the unaffected closing share price of CAD$0.50 on February 22, 2017, the day prior to the announcement of the Company's strategic review process. The price per share implies an aggregate fullydiluted equity value for Gaming Nation of approximately CAD$44 million.



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Company Name:  Gaming Nation Inc
Sector:  Hotels, Lodging, Restaurants & Travel
 

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June 27, 2017    8:02 AM Eastern
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