Increases Accessibility for US Investors
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2020) - FansUnite Entertainment Inc. (CSE: FANS) ("FansUnite" or the "Company"), a technology company providing leading online gaming solutions, is pleased to announce it has received approval from the Depository Trust Company ("DTC") to make their shares eligible on the OTC and allowing United States investors to clear their trades seamlessly under the ticker "FUNFF".
In addition to the OTC ticker, the Company will continue to trade on the Canadian Securities Exchange (CSE) under the symbol "FANS".
"Obtaining DTC eligibility simplifies the trading process for both investors and brokerage firms in the United States and demonstrates our commitment to reaching new investors in large markets," said Darius Eghdami, Co-Founder, CEO and Chairman of FansUnite Entertainment. "As our industry experiences significant growth globally, we believe attracting U.S. investors is necessary to enhance liquidity and deepen our visibility on a global scale."
DTC is a subsidiary of the Depository Trust and Clearing Corporation (DTCC), one of the world's largest securities depositories that manages the electronic clearing and settlement of publicly traded companies. FansUnite's securities are now eligible to be electronically cleared and settled which will streamline the process of trading, enhance liquidity, and provide direct access to investors in the US OTC capital markets.
About FansUnite Entertainment Inc.
FansUnite is a sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products. The principal business is operating the FansUnite Sportsbook and the website of its wholly-owned subsidiary, McBookie Limited, offering online gaming services to the UK market. FansUnite is also a provider of technology solutions, products and services in the gaming and entertainment industry and looks to acquire technology platforms and assets with high growth potential in new or developing markets.
For further information, please contact:
Chief Executive Officer
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD-LOOKING STATEMENTS: Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "believes," "belief," "expects," "intends," "anticipates," "potential," "should," "may," "will," "plans," "continue" or similar expressions to be uncertain and forward-looking. Forward-looking statements may include, without limitation, statements relating to the acquisition of technology platforms and assets with high-growth potential. Forward-looking statements are based on the Company's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of FansUnite to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Additional information regarding the risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in the Company's Non-Offering Prospectus dated March 27, 2020 filed on its issuer profile on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The forward-looking statements in this news release are made as of the date of this release. FansUnite disclaims and does not undertake to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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