SOBs, fire the CFO Vancouver, British Columbia--(Newsfile Corp. - March 29, 2021) - FANDOM SPORTS Media Corp. (CSE: FDM) (OTCQB: FDMSF) (FSE: TQ43) ("Fandom Sports" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement for gross proceeds of up to $5,000,000 through the issuance of approximately 20,833,333 million units ("Units") at a price of $0.24 per Unit (the "Offering"). The Company expects the financing to close on March 31, 2021.
Each Unit is comprised of one common share in the capital of the Corporation (each a "Common Share") and one common share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.36 within 24 months of the closing of the Offering (the "Warrant Term").