|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.1061 - 0.1191|
|52 Week Range||0.0260 - 0.2658|
|Beta (5Y Monthly)||1.44|
|PE Ratio (TTM)||16.59|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Victory Square Technologies Inc. (“Victory Square”) (CSE:VST) (VSQTF) (6F6.F) portfolio company FansUnite Entertainment Inc. (CSE:FANS) (“FansUnite” or the “Company”) and Askott Entertainment Inc. (“Askott”) announced entering into a definitive agreement on June 22, 2020 (the “Agreement”) to combine in an at-market merger, creating one of Canada’s leading gaming companies. Under the terms of the Agreement, FansUnite will acquire all of the outstanding securities of Askott by way of a three-cornered amalgamation (the “Transaction”) pursuant to which Askott and a newly incorporated subsidiary of FansUnite will amalgamate under the Business Corporations Act (British Columbia) and continue as one corporation which will be a wholly-owned subsidiary of FansUnite (“Amalco”).
Victory Square Health Inc. (“VS Health”) – a wholly-owned subsidiary and portfolio company of Victory Square Technologies Inc. ("Victory Square" or the "Company") (CSE:VST) (VSQTF) (6F6.F) -- has acquired the assets and intellectual properties of Safetest Comércio de Diagnósticos Ltd (“Safetest”) in an all-stock transaction. Per the terms of the agreement, VS Health has agreed to acquire Safetest assets and intellectual properties for $4,000,000 CAD in exchange for the issuance of common shares of VS Health, with Victory Square Health owning 20% of the combined entity.
“I am proud of our first quarter performance, as each portfolio company delivered strong results despite rapidly changing market conditions associated with the COVID-19 pandemic,” said Shafin Diamond Tejani, Chief Executive Officer. Earnings per share increased to $0.05 from $(0.02) during the same period last year.