Jackpot Receives TSXV Conditional Approval and Interim Court Order for Yo Eleven Spinout
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Jackpot Digital Inc. (TSXV:JJ) is transferring its online gaming software assets to its wholly-owned subsidiary Yo Eleven Gaming Inc (“Yo Eleven”) through a plan of arrangement under the Business Corporations Act (British Columbia). YoEleven will issue common shares to non-dissenting shareholders. Non-disgruntled shareholders are eligible to receive Yoeleven Shares. The shares will be distributed after Jackpot shareholders have voted on and approved the Spinout at the Company’s scheduled Annual General and Special Meeting on September 16, 2021.
Investors are cautioned that the information regarding the Spinout may not be accurate or complete and should not to be relied upon. Trading in the securities of the Company should be considered speculative.
Jackpot Receives TSXV Conditional Approval and Interim Court Order for Yo Eleven Spinout. Forward-looking statements include statements regarding future plans, costs, objectives, economic or technical performance and the assumptions underlying any of the foregoing. The TSV Exchange has neither approved nor disapproved the contents of this news release. The forward- looking statements are subject to a variety of risks and uncertainties and could cause actual events or results to differ from those expressed or implied.
