Market Movers A roundup of some of the North American equities making moves in both directions today
On the rise
Score Media and Gaming Inc. (SCR-X) rose 9.6 per cent after it announced that a fund managed and controlled by Fengate Asset Management will invest $40-million in theScore to fund the growth and development of the company's media and sports betting businesses.
Under the terms of the agreement, Fengate will purchase a $40-million, 8 per cent convertible unsecured subordinated debenture of the company, due Aug. 31, 2024. The private placement of the debenture is expected to close on or about Sept. 5, the company stated.