Mergers & AcquisitionsBy The Online Investor Staff, updated Fri., Sep. 18, 9:50 AM
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Slide #72. TGS Esports Inc. — Pepper Esports Inc.
TGS Esports Inc. (CVE:TGS.CA)
Pepper Esports Inc.
TGS Esports Inc. ("TGS" or the "Company") (TSX-V: TGS) is pleased to announce that it has taken the next step in its growth strategy to provide a consolidated end to end esports experience to players and tournament organizers by executing a letter of intent dated August 28, 2020 (the "LOI") to acquire Pepper Esports Inc. ("Pepper"), a leading competitive esports platform (the "Acquisition"). In addition, the Pepper executive team, Guy Halford-Thompson, Jackson Warren and Ben Hoffman, with over a decade of combined experience in growing early stage companies in the public markets, are expected to join TGS executive team on the closing of the Acquisition (the "Closing"). Under the terms of the LOI, TGS is expected to acquire all of the outstanding securities of Pepper by way of a three-cornered amalgamation.
TGS Esports is a capital pool company engaged in the identification and evaluation of potential acquisitions of businesses with a view to completing a Qualifying Transaction as defined by the TSX Venture Exchange. Such a transaction will be subject to shareholder and regulatory approval.
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