VANCOUVER, BC / ACCESSWIRE / July 27, 2021 / Jackpot Digital Inc. (the "Company" or "Jackpot") (TSXV:JJ)(TSXV:JJ.WT.A)(TSXV:JJ.WT.B)(TSXV:JJ.WT.C)(OTCQB:JPOTF)(FRA:LVH3). Further to the Company's News Releases dated June 16, 2021 and July 16, 2021, the Company announces that an annual general and special meeting of the shareholders (the "Meeting") has been scheduled for September 16, 2021 at which time shareholders will be asked to pass resolutions related to a special resolution approving the proposed spinout of Jackpot's online gaming software assets (the "Spinout") and Jackpot's annual general matters. Pursuant to the Spinout, Jackpot's online gaming software assets will be transferred to Yo Eleven Gaming Inc., a wholly-owned subsidiary of Jackpot ("Spinco"), in consideration of the issuance and distribution of common shares of Spinco to Jackpot's shareholders on the basis of one Spinco share for every five Jackpot shares.
Jackpot clarifies that the record date of July 21, 2021 which was previously announced applies only to the date on which Jackpot shareholders of record will be entitled to attend and vote, whether in person or by proxy, on the resolutions to be presented at the Meeting. In accordance with policies of the TSX Venture Exchange (the "Exchange"), the record date to determine the shareholders who will be entitled to receive common shares of Spinco on the closing date of the Spinout will change from July 21, 2021 to a record date which will be determined in the future after shareholders have voted on and approved the Spinout at the Meeting and which will precede the distribution date of the Spinco shares to Jackpot's shareholders.
https://www.accesswire.com/657349/Jackpot-Announces-Annual-General-and-Special-Meeting-And-Update-on-Record-Date-of-Spinout