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Hello Amuka Esports Investor,
As you may already know, Amuka Esports’ campaign closed on December 18, 2020, with 115 investors and $442,988 raised. You received Common Shares for your investment at $0.15 per share.
As per the update sent earlier this week - On February 28, 2022, Intema Solutions Inc. (“Intema”) (TSXV: ITM, OTCMKTS: ITMZF) closed the agreement announced on December 8, 2021 with Amuka Ventures Inc. (the “Company”) to acquire all outstanding shares of Parabellum Media Inc., owner of Parabellum Esports and Northern Shield Academy, and a subsidiary of Amuka. In consideration, Intema will issue up to 1,845,000 common shares to Amuka at a deemed price of $0.306 per share, of which 1,700,000 have been issued, and a balance of up to 145,000 will be issued upon completion of the closing financial statements review.
What does this mean for your investment?
Following the acquisition, the Intema shares distributed to Amuka will remain with the Company and there will be no distributions to investors at this time.
The Company’s growth to date is primarily driven by merger, acquisition, and divestiture of assets and companies that the Company believes will support its mission of establishing esport hubs across Canada.
To view the full press release, please click here.
To view all applicable documents for your investment, please click on “Details” under your Amuka investment here followed by the small hyperlink icon on the right-hand side of your dashboard. Amuka Esports’ Offering Document during the 2020 FrontFundr campaign can be accessed here.
Questions?
If you have any questions about your Amuka Esports investment, please reach out to support@frontfundr.com.
