TORONTO, Oct. 04, 2018 (GLOBE NEWSWIRE) — Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (“Enthusiast” or the “Company”), a digital media company building the largest community of authentic gamers, today announces that its shares will begin trading when markets open, at 9:30am EDT, on October 4, 2018 on the TSX Venture Exchange (the “Exchange”). As previously announced (See press release dated September 24, 2018), Enthusiast —formerly Tova Ventures II, Inc. (TSX.V: TOVA.P) will trade under the stock ticker symbol “EGLX.”
“As one of the few gaming companies trading publicly, we’re incredibly proud to announce this milestone in Enthusiast’s history,” said Enthusiast Founder, President and Chief Executive Officer Menashe Kestenbaum. “We look forward to a beneficial relationship with our shareholders as we carry out our vision of growing our platform both online and through our Enthusiast gaming Live Expo, EGLX.”
Enthusiast also announces that, subject to regulatory approval, it has retained INFOR Financial Inc. (“INFOR Financial”) to provide market making services to Enthusiast in compliance with the policies and guidelines of the Exchange and other applicable legislation. INFOR Financial will trade common shares of the Company on the Exchange with the objective of maintaining a reasonable market and improving the liquidity of Enthusiast’ common shares. INFOR Financial will receive $10,000 per month and the term of the engagement shall be for no less than 4 months and shall continue indefinitely until otherwise terminated by either party upon 30 days written notice. There are no performance factors contained in the agreement and INFOR Financial will not receive shares or options as compensation. INFOR Financial and Enthusiast are unrelated and unaffiliated entities, but INFOR Financial and/or its clients may have an interest, directly or indirectly, in the securities of Enthusiast.
INFOR Financial will also introduce Enthusiast to capital market participants and institutional investors that may include investment funds, mutual funds, private capital sources and other potential strategic investors. Enthusiast and INFOR Financial will enter into a separate agreement in due course with respect to the foregoing.
The Company will ring the opening bell on Friday, October 26, 2018 at 9:30am ET.
Founded in 2014, Enthusiast is the fastest-growing online community of video gamers. Through the Company’s unique acquisition strategy, it has a platform of over 70 owned and affiliated websites and currently reaches over 75 million monthly visitors with its unique and curated content. Enthusiast also owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, EGLX. The next expo will take place October 26-28, 2018 at the Metro Toronto Convention Center. (www.eglx.ca). For more information on the Company, visit www.enthusiastgaming.com.
Head, Investor Relations & Marketing