Update on ALLINSPORTSTORONTO, Nov. 20, 2020 /CNW/ -- Engine Media Holdings, Inc. ("Engine" or the "Company"; TSX-V: GAME; OTCQB: MLLLF), announces that further to the Company's press release of September 28, 2020, the Company has advised the shareholders of Allinsports that the conditions of closing under the share purchase agreement amongst the parties have not been satisfied, including that the audited financial statements of Allinsports have not been delivered within the time period required under the share purchase agreement. In response, the shareholders of Allinsports have commenced arbitration in Ontario seeking, among other things, to force the Company to complete the acquisition of Allinsports without the audited financial statements, and to issue 966,667 common shares of the Company to those shareholders. The Company will defend itself vigorously in this proceeding.
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