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2023-03-08 21:14:45

GameSquare Esports Receives Shareholder Approval for Arrangement with Engine Gaming and Media, Inc.

GameSquare Esports Receives Shareholder Approval for Arrangement with Engine Gaming and Media, Inc.

"I am pleased that our shareholders have overwhelmingly supported the transaction with Engine as we build one of the world's largest and most influential gaming, esports, and media companies focused on youth culture. The combined company will benefit from a leading platform of end-to-end media, content, and technology assets, which we believe will enhance sales growth and accelerate our path to profitability. The transaction is expected to close in the coming weeks following regulatory and exchange approvals," said Justin Kenna, CEO of GameSquare. On March 8, 2023, shareholders of Engine voted in favor of a special resolution authorizing the issuance of Engine common shares to GameSquare securityholders pursuant to the arrangement. About GameSquare Esports Inc. GameSquare Esports Inc. is a vertically integrated, international digital media and entertainment company enabling global brands to connect and interact with gaming and esports fans. GameSquare owns a portfolio of companies including Code Red Esports Ltd., an esports talent agency serving the UK, GCN, a digital media company focusing on the gaming and esports audience based in Los Angeles, USA., NextGen Tech, LLC (dba as Complexity Gaming), a leading esports organization operating in the United States, Swingman LLC (dba ZONED), a gaming and lifestyle marketing agency based in Los Angeles, USA, Fourth Frame Studios, a multidisciplinary creative production studio, and Mission Supply, a merchandise and consumer products business. The Company is headquartered in Toronto, Canada. Neither the Canadian Securities Exchange ("CSE") nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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