Le Lézard
Classified in: Covid-19 virus
Subjects: ANNUAL MEETINGS, TRADE ISSUES

Intema receives proceeds of $1.6 million from warrants exercise and reports results of annual meeting


MONTREAL, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Intema Solutions Inc. ("Intema" or the "Corporation") (TSXV: ITM, OTCMKTS: ITMZF) announces that it has received proceeds of $1,574,400 from the exercise of warrants into 13,120,000 common shares of the Corporation.

Intema is also pleased to report on the outcome of its annual general and special meeting of shareholders, held on Tuesday, January 4, 2022, in a virtual-only format. At the meeting, the Corporation's shareholders approved all the resolutions set out in the management proxy circular dated December 6, 2021, including those on the election of directors, the appointment of MGO LLP as the new auditors of the Corporation for the coming year and the approval of a 10% rolling stock option plan. The shareholders also approved the name change of the Corporation to React Gaming Group Inc., which will become effective at the closing of the transaction with Livestream Gaming Ltd.

The elected board members of Intema for the coming year are Laurent Benezra, Michael Wagen, Michael Curtis, Arthur Manteris, Philip Nolan, Marc Brassard and Jessica Nicole Di Rito.

"We are extremely pleased with our shareholders' overwhelming support and vote of confidence, as seen in the exercise of their warrants and their votes at the annual meeting," said Laurent Benezra, President and Chief Executive Officer of Intema. "As I said during the meeting, 2021 was the year that we laid the foundation for our esport and iGaming ecosystem, and 2022 will be focused on closing and integrating our latest acquisitions and generating revenues for our next phase of growth. I want to thank our shareholders for their unflagging support for what we believe will be a great esports and iGaming company."

About Intema
Intema Solutions Inc. is the world's emerging 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.

Contact
Laurent Benezra
President and CEO
514-861-1881
[email protected]

Forward-Looking Statements
This press release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements" within the meaning of applicable Canadian securities laws. All statements, other than statements of historical facts, included in this press release, including, without limitation, those regarding the Private Placement; the expected development of the Corporation's business and projects; execution of the Corporation's vision and growth strategy; sources and availability of financing for the Corporation's projects; and future liquidity, working capital, and capital requirements, are forward-looking statements. Although the forward-looking statements in this press release are based upon what management of the Corporation believes are reasonable assumptions, they are inherently subject to significant business, economic and competitive uncertainties, and contingencies, and there can be no assurance that they will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-Looking statements can generally be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements in this press release relate to, among other things, statements relating to the terms of the Private Placement and the terms of the Proposed Transaction; Intema's future outlook and anticipated events or results; and the completion of the Private Placement and the Proposed Transaction. Actual future results may differ materially. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. The Corporation's statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of the Corporation's control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Private Placement and the Proposed Transaction, including: that the Corporation's assumptions in making forward-looking statements may prove to be incorrect; general adverse market conditions and competition; the inability to finance operations and/or obtain any future strategic investment necessary to implement new technologies; the inability to build a sustainable, conscientious company with a stronger presence online through new products in esports and gaming; the inability to obtain, or maintain, gaming license(s); and that market conditions related to the COVID-19 pandemic may negatively affect the outcome of the business or operations of the Corporation, including its results and financial condition. Except as required by securities law, the Corporation does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. The Corporation undertakes no obligation to update forward-looking statements except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.



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News published on 6 january 2022 at 07:00 and distributed by: