This week it was announced that two mid-tier Daily Fantasy Sports sites, Fantasy Feud and Fantasy Aces, were set to go public in Canada based on regulatory approval.
Details of the Fantasy Feud deal appear below.
Gaming Nation Inc. (formerly Oceanside Capital Corp. TSXV: OCC) (the “Company” or “Gaming Nation”) (TSXV: FAN) is pleased to announce that it has completed its previously announced reverse takeover transaction with Gaming Nation Acquisition Corp. (“GNAC”) and has today purchased, directly and indirectly, all of the shares of 5050 Central Ltd. and its subsidiary 5050 Central-Delaware Inc., Fantasy Feud Inc., Guru Fantasy Reports, Inc. and Stevo Design, Inc. Subject to the receipt from the TSXV of its final bulletin in respect of the transaction, it is anticipated that trading of Gaming Nation’s post-consolidated common shares will begin trading as a Tier 1 issuer on the TSX Venture Exchange (“TSXV”) under stock symbol “FAN” on June 15.
Details of the Fantasy Aces deal appear below.
Fantasy Aces, LLC (“Fantasy Aces“), a California limited liability company and DraftTeam Daily Fantasy Sports Corp. (the “Corporation” or “DraftTeam“) (TSX VENTURE:DTS) are pleased to announce that they have entered into a definitive agreement (the “Business Combination Agreement“) on June 8, 2015. The resulting business combination (the “Transaction“) will combine their assets into a newly formed partnership,, when completed, which will be considered a “Reverse Takeover” for the purposes of the TSX Venture Exchange (the “TSXV“).
Upon completion of the Transaction the resulting issuer will be renamed Fantasy Aces Daily Fantasy Sports Corp. (“FA”), and Fantasy Aces executives and employees will serve as the sole operators of the new entity, including all day-to-day site operations.
More news on these deals can be found at our sister site Gambling911.com here– Aaron Goldstein, Gambling911.com