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.
不列顛哥倫比亞省溫哥華,2023 年 7 月 17 日 /CNW/-Kings Entertainment Group Inc. (CSE: JKPT) (”Kings Entertainment“或者”公司“),一家國際彩票、賭場和體育博彩賭博在線服務提供商,也是全球在線遊戲創新者的母公司 樂透之王 和 WinTrillions,繼2023年6月16日發佈的新聞稿之後,很高興地宣佈,公司已完成收購(”交易“)Braight AI Technologies Inc. 資本的所有已發行和流通股份(”Braight AI“),一家根據不列顛哥倫比亞省法律成立的私營公司。該公司現在持有Braight AI的100%已發行和流通股份。
Braight AI 已完成對首都 Epeer spo'lka Z Ograniczona odpowiedzialnoscia (”Epeer“),交易完成前根據波蘭法律存在的有限責任公司(”關閉“)。
就成交而言,根據本公司、Braight AI及Braight AI股東於2023年6月14日訂立並於2023年7月11日修 訂的換股協議(「確定協議」)的條款及條件,本公司於成交時向Braight AI股東發行合共59,289,392股 本公司股本中的普通股(「付款股份」),每股付款股份的視作價值爲0.185美元。根據適用證券法,付款股份無持有期。根據加拿大證券交易所("CSE")的要求,付款股份的持有人已同意對50%的付款股份設置自願持有期。自願持有期爲四個月,將於2023年11月14日到期。
該公司打算利用Braight AI的技術來加快其用戶驗證流程,並探索該技術可以使其樂透和遊戲平台受益的其他方式。
就本次交易而言,作爲對公司介紹的考慮,公司已發行了6,846,350股公司普通股(”Finder 的股票“)以每股Finder's Share0.185美元的認定價值向遙遠的發現者發放。根據截至2023年11月15日的適用證券立法,Finder的股票的法定持有期爲四個月零一天。
該交易是一筆獨立交易。收盤時,公司已任命雅各布·巴貝萊克和漢娜·查班爲公司董事會成員,安東尼·澤倫已辭去公司董事職務。
關於 Braight AI
通過Epeer,Braight AI 是人工智能 (AI) 大數據分析解決方案的領先提供商。Braight AI 專門利用人工智能的力量,從大量數據中提取可行的見解,使企業能夠做出明智的決策。他們提供兩種爲滿足特定業務需求而量身定製的尖端人工智能解決方案:人工智能風險和人工智能營銷。
關於Kings Entertainment
Kings Entertainment (CSE: JKPT) 成立於 2005 年,是彩票、賭場和體育博彩賭博的國際在線服務提供商,也是全球在線遊戲創新者的母公司 樂透之王 和 WinTrillions。 這些品牌利用其通過著名的彩票產品吸引高潛力玩家的能力,然後吸引玩家參與一系列賭場和體育博彩產品。自成立以來,LottoKings和WinTrillions已經吸引並保留了數百萬玩家的註冊。
加拿大證券交易所對本新聞稿的充分性或準確性不承擔任何責任。