/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
CALGARY, AB and ISLE OF MAN,
June 8, 2021 /CNW/ - Real Luck Group
Ltd. (TSXV: LUCK) (OTCQB: LUKEF) ("Real Luck Group" or the
"Company") and its subsidiary companies doing business as
"Luckbox" (the "Group"), an award-winning provider of legal,
real-money esports and sports betting, is pleased to announce that
it has filed a final short form prospectus ("Prospectus")
and obtained a receipt (the "Receipt") in each of the
provinces of Alberta, British Columbia, Saskatchewan and Ontario to qualify the distribution of an
aggregate of 14,721,679 units (the "Units") issuable upon
the deemed exercise of 14,721,679 special warrants (the "Special
Warrants") of the Company previously issued on March 9, 2021 on both a brokered and non-brokered
private placement basis pursuant to prospectus exemptions under
applicable securities legislation (the "Offering").
The Prospectus also qualifies the distribution of: (i) 1,132,005
agent warrants (the "Agent Warrants") issuable upon
exercise of 1,132,005 agent special warrants (the "Agent
Special Warrants") of the Company; (ii) 707,503
corporate finance fee units (the "CF Fee Units") issuable
upon exercise of 707,503 corporate finance fee special warrants
(the "CF Fee Special Warrants") of the Company; and (iii)
54,980 advisor warrants (the "Advisor Warrants") issuable
upon exercise of 54,980 advisor special warrants (the "Advisor
Special Warrants" and together with the Agent Special Warrants
and the CF Special Warrants, the "Compensation Special
Warrants") of the Company, all of which were issued to Gravitas
Securities Inc. (the "Agent") as partial consideration for
their services rendered in connection with the Offering.
As a result of obtaining the Receipt, the Company has delivered
a notice to the special warrant agent and the Agent that the
Special Warrants shall be deemed to be exercised as of June 7, 2021. The Compensation Special Warrants
shall also be deemed exercised as of June 7,
2021 in accordance with their terms. Following the deemed
exercise of the Special Warrants and the Compensation Special
Warrants, the Company will issue the Units to the purchasers under
the Offering, and the Agent Warrants, CF Fee Units and Advisor
Warrants to the Agent.
For more information on the Offering, please refer to the
Prospectus, as well as the Company's news release dated
March 9, 2021, available on the
Company's profile on SEDAR at www.sedar.com.
About Luckbox
The Company is an award-winning betting company that offers
legal, real-money betting, live streams, and statistics on all
major esports and sports on desktop and mobile devices. The Company
has a Business-to-Consumer (B2C) platform, and by leveraging shared
technology, data, and resources, the Company can offer an extensive
range of betting options for esports tournaments. The Company's
in-house customized user interface and user experience, built on a
technology stack that supports multiple odds and streaming sources,
allows the Company to deliver deep esports betting coverage. The
Company has been built by a team combining experience in the
igaming industry and a passion for esports to offer players a
unique, broad, engaging, and legal CS:GO betting, Dota 2 and League
of Legends betting experience. The Company serves esports fans in
more than 80 territories across the globe. In November 2020, Luckbox was named Rising Star at
the EGR Operator Awards. The Company (via the Group) holds a full
licence under the Online Gambling Regulation Act (OGRA), issued by
the Isle of Man Gaming Supervision Commission. As the Group is
fully licensed in the Isle of Man for B2C and B2B esports &
sports betting and casino, the Company has access to favourable
payment processors. Luckbox is committed to supporting responsible
gambling.
Follow Luckbox on Twitter / Facebook / LinkedIn
The TSX Venture Exchange has neither approved nor
disapproved the contents of this press release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Real Luck Group Ltd.
