Wondr Gaming acquires 100% interest in Gamelancer /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
Founded in LA, Gamelancer has built the largest and fastest growing gaming platform on Tiktok & Snapchat, with 22 owned & operated channels, 26.5 million+ followers, and 1 billion+ monthly video views predominantly geolocated in North America, the UK & Australia.
TORONTO, April 14, 2022 /CNW/ - Wondr Gaming Corp. (CSE: WDR) (CSE: WDR.WT) (OTC: WDRGF) (the "Company" or "Wondr") is pleased to announce that, further to its press releases of December 10, 2021 and March 21, 2022, it has completed the previously announced acquisition (the "Transaction") of 100% of the issued and outstanding common shares of Gamelancer, Inc. ("Gamelancer"). As initial consideration for the Transaction, the Company issued 212,338,900 common shares of the Company (the "Common Shares") and paid USD$7,000,000 to the shareholders of Gamelancer on a pro rata basis. All Common Shares issued in connection with the Transaction are subject to voluntary lock-ups of up to 36 months and a statutory four month hold, with 10% of the Common Shares released on closing of the Transaction ("Closing") and 15% released every 6 months thereafter over the next 36 months. Further details of the Transaction, including future consideration to be paid to the former shareholders of Gamelancer, can be found in the press release of the Company dated March 21, 2022 on www.sedar.com.