ITMZF - Breaking News: Intema closes Parabellum Media acquisition
Intema Solutions Inc. (TSX-V: ITM) (OTC: ITMZF) is pleased to announce that it has closed the agreement announced on December 8, 2021 with Amuka Ventures Inc. (doing business as Amuka Esports) to acquire all of the outstanding shares of Parabellum Media Inc. (“ Parabellum ”), owner of Parabellum Esports and Northern Shield Academy.
In consideration, the Corporation will issue up to 1,845,000 common shares (each a “ Share ”) of the Corporation at a deemed price of $0.306 per Share, of which 1,700,000 have been issued, and a balance of up to 145,000 will be issued upon completion of the closing financial statements review. The Shares issued will be subject to voluntary resale restrictions on the following terms:
| (i) |
| 25% of the shares will be subject to a resale restriction of four months and one day from the closing date; |
| (ii) |
| An additional 25% of the shares will be subject to a resale restriction of 12 months from the closing date; |
| (iii) |
| An additional 25% of the shares will be subject to a resale restriction of 18 months from the closing date; and |
| (iv) |
| The remaining 25% of the shares will be subject to a resale restriction of 24 months from the closing date. |
“We wish to extend a warm welcome to the Parabellum Esports professional team,” said Laurent Benezra, President and CEO of Intema. “The addition of this talented team to Intema fits perfectly with our growth strategy and the ecosystem we are building in esports and iGaming. Parabellum Esports had a great 2021 having earned over US$100,000 in prize money over the course of the year, thanks to two North American Challenger League Stage wins and a top 12 finish at the 2021 Six Invitational in Paris. These performances have earned the team a spot in the Rainbow Six North American Pro League, which will provide future opportunities for years to come, while contributing to Intema’s future success.”
About Parabellum Esports
Founded in 2020, Parabellum is a Canadian Professional Esports Organization from Toronto and is competing in titles such as Rainbow 6, Rocket League, Super Smash Bros Ultimate, CSGO, iRacing and more. We also have a full content team with content creators and streamers from all over North America. Parabellum also runs Northern Shield Academy, which gives amateur players coaching, mentorships and paths to move their esports career forward. For more information, visit www.parabellumesports.com .
About Intema
Intema Solutions Inc. is the emerging world leader in the esports and iGaming industry. Our mission is to bring the excitement of esports betting to the entire world through fully licensed, secure online platforms. Our ecosystem consists of subsidiaries in esports, iGaming, product branding, digital advertising and marketing campaign design that are all complementary drivers of our future revenue growth. For more information, please visit our corporate website at intema.ca .
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Breaking News: Intema closes Parabellum Media acquisition