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i3 Interactive Inc BLITF

i3 Interactive Inc. is engaged in the business of providing customers with an online and mobile gaming platform, which provides sports fans worldwide with an engaging social gaming product, and sports betting and casino product offering. The Company operates in three geographical jurisdictions: India, Canada, and the United States. The Company operates through brands and platforms, including Blitzbet, Blitzpoker, and Blitzpools. Blitzbet is an online sports book and casino brand operated by the Company’s subsidiary, Deluxe Crown B.V., under a master license granted by Curacao. The Company operates Blitzpoker through its subsidiaries in India, Redrush Online Private Limited and Esperanza Gaming Private Limited. Blitzpoker is an online poker platform, which provides residents of certain Indian states with free to play poker games, as well as pay to play poker games. Blitzpools is an online fantasy platform available on Android, iOS, and desktop.


GREY:BLITF - Post by User

Bullboard Posts
Post by muchogustoon Jan 30, 2018 3:45am
120 Views
Post# 27460254

[FMR PP $1,000,000 and 3 to 1 share consolidation proposed]

[FMR PP $1,000,000 and 3 to 1 share consolidation proposed]
Yes, here it is, the awaited JimiStyle restart of FMR. Will M. Lerner and other Insiders participate?

Hopefully they will announce that AGM date and the closing of that PP quickly (until spring).

A lot of questions are unanswered, but I have confidence that we will get more from FMR soon and all that will push the share price. FMR optioned substantial properties.

This PP is a very good sign and at latest at the General Meeting the Eureka issue must be solved and a clear strategy of FMRs future business activities must be presented to get the shareholders approval for this consolidation.

Time for optimism now. M. Lerner is going straight Forward. I like that. Take care and do your own DD. GLTA

Vancouver, British Columbia--(Newsfile Corp. - January 29, 2018) - Fairmont Resources Inc. (TSXV: FMR) ("Fairmont" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of up to 40,000,000 units of Fairmont (collectively, the "Units") at a price of $0.025 per Unit for gross proceeds of up to $1,000,000 (the "Offering"), with each Unit being comprised of one (1) common share and one (1) common share purchase warrant, each such warrant entitling the holder thereof to purchase an additional common share at a price of $0.035 per common share for a period of up to five (5) years post-closing. All securities issued pursuant to the Offering are subject to a statutory hold period of four (4) months plus one day from the date of issuance, in accordance with applicable securities legislation. As described below, the Company intends to apply to the TSX Venture Exchange (the "TSXV") for a waiver of the TSXV requirement for private placements to be priced at $0.05 or less.

The Offering will be subject to TSXV approval for a financing pursuant to the "Pending Share Consolidation" waiver (the "Waiver"). In connection with seeking to obtain the Waiver, the Company plans to complete a three for one share consolidation at its next shareholders meeting, subject to receiving shareholder approval. The Company will be required to obtain and provide to the TSXV as a condition to TSXV acceptance of the Offering, written confirmation from shareholders holding not less than 50% (or such lesser amount as may be acceptable to the TSXV on a case by case basis) of the Company's issued and outstanding listed shares (as to be constituted post-consolidation) that they will vote in favour of the proposed share consolidation. The Company also will be required to seek shareholder approval as to the consolidation no later than the earlier of i) the Company's next annual general meeting; and ii) six (6) months from the completion of the Offering.

The proceeds of the Offering will be used primarily for settlement of debt, strategic initiatives and general working capital purposes Read more at https://www.stockhouse.com/news/press-releases/2018/01/29/fairmont-resources-inc-announces-private-placement#mwuO41ObBa1KikCB.99
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