VANCOUVER, BC, July 17, 2023 /CNW/ - Kings Entertainment Group Inc. (CSE: JKPT) ("Kings Entertainment" or the "Company"), an international online service provider for lottery, casino, and sportsbook gambling and parent company of global online gaming innovators LottoKings and WinTrillions, is pleased to announce, further to its news release of June 16, 2023, that the Company has completed the acquisition (the "Transaction") of all of the issued and outstanding shares in the capital of Braight AI Technologies Inc. ("Braight AI"), a private company existing under the laws of British Columbia. The Company now holds 100% of the issued and outstanding shares of Braight AI.
Braight AI has completed the acquisition of all of the issued and outstanding in the capital of Epeer Spółka Z Ograniczoną Odpowiedzialnością ("Epeer"), a limited liability company existing under the laws of Poland prior to closing of the Transaction (the "Closing").
In connection with the Closing and pursuant to the terms and conditions of a share exchange agreement dated June 14, 2023 and as amended on July 11, 2023 (the "Definitive Agreement") among the Company, Braight AI and the shareholders of Braight AI and on closing, the Company issued an aggregate of 59,289,392 common shares in the capital of the Company (the "Payment Shares") to the shareholders of Braight AI at a deemed value of $0.185 per Payment Share. There is no hold period for the Payment Shares pursuant to applicable securities laws. The holders of the Payment Shares have agreed to include a voluntary hold period for 50% of the Payment Shares as requested by the Canadian Securities Exchange (the "CSE"). The voluntary hold period is for four months and will expire on November 14, 2023.
The Company intends to leverage Braight AI's technology to accelerate its user verification process and explore other ways the technology can benefit its lotto and gaming platforms.
In connection with the Transaction and in consideration of the introduction to the Company, the Company has issued 6,846,350 common shares of the Company (the "Finder's Shares") to an arm's length finder at a deemed value of $0.185 per Finder's Share. The Finder's Shares are subject to a statutory hold period of four-months and one day in accordance with applicable securities legislation ending on November 15, 2023.
The Transaction is an arms-length transaction. On Closing, the Company has appointed Jakub Bąbelek and Hanna Chaban to the board of directors of the Company and Anthony Zelen has resigned as a director of the Company.
About Braight AI
Braight AI, through Epeer, is a leading provider of Artificial Intelligence (AI) Big Data analytics solutions. Braight AI specializes in leveraging the power of AI to extract actionable insights from vast amounts of data, empowering businesses to make informed decisions They offer two cutting-edge AI solutions tailored to address specific business needs: AI Risk and AI Marketing.
About Kings Entertainment
Established in 2005, Kings Entertainment (CSE:JKPT) is an international online service provider for lottery, casino, and sportsbook gambling and parent company of global online gaming innovators innovators LottoKings and WinTrillions. These brands leverage their ability to acquire high-potential players through renowned lottery offerings, then engage players in a range of casino and sportsbook offerings. LottoKings and WinTrillions have attracted and retained millions of player sign-ups since their inceptions.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
不列颠哥伦比亚省温哥华,2023 年 7 月 17 日 /CNW/-Kings Entertainment Group Inc. (CSE: JKPT) (”Kings Entertainment“或者”公司“),一家国际彩票、赌场和体育博彩赌博在线服务提供商,也是全球在线游戏创新者的母公司 乐透之王 和 WinTrillions,继2023年6月16日发布的新闻稿之后,很高兴地宣布,公司已完成收购(”交易“)Braight AI Technologies Inc. 资本的所有已发行和流通股份(”Braight AI“),一家根据不列颠哥伦比亚省法律成立的私营公司。该公司现在持有Braight AI的100%已发行和流通股份。
Braight AI 已完成对首都 Epeer spo'lka Z Ograniczona odpowiedzialnoscia (”Epeer“),交易完成前根据波兰法律存在的有限责任公司(”关闭“)。
就成交而言,根据本公司、Braight AI及Braight AI股东于2023年6月14日订立并于2023年7月11日修 订的换股协议(「确定协议」)的条款及条件,本公司于成交时向Braight AI股东发行合共59,289,392股 本公司股本中的普通股(「付款股份」),每股付款股份的视作价值为0.185美元。根据适用证券法,付款股份无持有期。根据加拿大证券交易所("CSE")的要求,付款股份的持有人已同意对50%的付款股份设置自愿持有期。自愿持有期为四个月,将于2023年11月14日到期。
该公司打算利用Braight AI的技术来加快其用户验证流程,并探索该技术可以使其乐透和游戏平台受益的其他方式。
就本次交易而言,作为对公司介绍的考虑,公司已发行了6,846,350股公司普通股(”Finder 的股票“)以每股Finder's Share0.185美元的认定价值向遥远的发现者发放。根据截至2023年11月15日的适用证券立法,Finder的股票的法定持有期为四个月零一天。
该交易是一笔独立交易。收盘时,公司已任命雅各布·巴贝莱克和汉娜·查班为公司董事会成员,安东尼·泽伦已辞去公司董事职务。
关于 Braight AI
通过Epeer,Braight AI 是人工智能 (AI) 大数据分析解决方案的领先提供商。Braight AI 专门利用人工智能的力量,从大量数据中提取可行的见解,使企业能够做出明智的决策。他们提供两种为满足特定业务需求而量身定制的尖端人工智能解决方案:人工智能风险和人工智能营销。
关于Kings Entertainment
Kings Entertainment (CSE: JKPT) 成立于 2005 年,是彩票、赌场和体育博彩赌博的国际在线服务提供商,也是全球在线游戏创新者的母公司 乐透之王 和 WinTrillions。 这些品牌利用其通过著名的彩票产品吸引高潜力玩家的能力,然后吸引玩家参与一系列赌场和体育博彩产品。自成立以来,LottoKings和WinTrillions已经吸引并保留了数百万玩家的注册。
加拿大证券交易所对本新闻稿的充分性或准确性不承担任何责任。