- Victory Square shareholders of record as of the close of business on December 17, 202 will be entitled to receive the Second Tranche Dividend of Immersive shares.
- Victory Square to dividend out approximately 4,500,000 common shares in Fantasy 360 Technologies Inc. dba Immersive Tech (“Immersive”) to its shareholders.
- The Dividend represents the second tranche of Immersive shares to be issued by way of dividend pursuant to Victory Square’s news release dated August 12, and December 3, 2021.
- Victory Square already Issued a special common share dividend of its portfolio companies GameOn Entertainment Technologies Inc. (CSE:GET) and Fantasy 360 Technologies Inc (CSE:VRAR) earlier in the year.
Not for distribution to United States newswire services or for dissemination in the United States
VANCOUVER, British Columbia, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square” or “VST” or “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that, further to its news release dated August 12, 2021 and December 3, 2021, it has declared the second tranche of its previously announced special dividend of common shares in the capital of its portfolio company Immersive to shareholders of Victory Square (the “SecondDividend”). This Second Dividend represents approximately 4,500,000 shares in Immersive (“Immersive Shares”), which when added to the 4,500,000 Immersive Shares previously issued by way of dividend by Victory Square to its shareholders earlier this year, represents a total of 9,000,000 Immersive Shares issued by way of dividend to Victory Square shareholders.
The Second Dividend will consist of approximately 4,500,000 Immersive Shares, which will be eligible to Victory Square shareholders of record as of the close of business on December 17, 2021 (the “Second Tranche Dividend Record Date”), at a rate of approximately 45.838991 Immersive Shares for each 1,000 Victory Square shares held (assuming no additional shares of VST are issued prior to the Second Tranche Dividend Record Date). The Second Tranche Dividend ratio is based on 98,169,700 Victory Square shares issued and outstanding on the date hereof.
The Second Tranche Dividend is expected to be completed on or about December 30, 2021.
ABOUT FANTASY 360 TECHNOLOGIES INC. D/B/A IMMERSIVE TECH
Immersive is building the Physical Metaverse through its location-based Platform. Since 2016 Immersive has been an industry leader in Social Entertainment, Virtual Reality (VR) and Augmented Reality (AR) entertainment attractions. With its Hardware Platform UNCONTAINED and its Software Platform Uncontained/OS, the company helps its stakeholders build user experiences unmatched in realism, depth and immersion. The company builds experiences on its platforms for some of the world's largest companies including: Intel, Bayer, Capital One, Scotia Bank, the US Food and Drug Administration, Allegiant Airlines and more.
On behalf of the Board of Directors
Shafin Diamond Tejani
Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com
For further information about Victory Square, please contact:
Investor Relations
Contact – Edge Communications Group
Email: ir@victorysquare.com
Telephone: 604 283-9166
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST’s sweet spot is cutting-edge tech that’s shaping the 4th Industrial Revolution. Our corporate portfolio consists of 20+ global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.
What we do differently for startups
VST isn’t your ordinary investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you’ll scale and be ready to monetize.
What we do differently for investors
For investors, we offer early-stage access to the next unicorns before they’re unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides.
VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).
For more information, please visit www.victorysquare.com.
ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)
The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.
Cautionary Disclaimers
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Any securities referred to herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to a U.S. Person absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.
Forward-Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about Victory Square’s payment of the Second Dividend and about the continued listing and trading of Immersive Shares on the CSE.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause VST’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although Victory Square has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Victory Square disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
