Enthusiast Gaming Set to Strengthen Balance Sheet by $50 Million
By reducing the Companys indebtedness through the conversion of the Debentures and by raising $42.5 million upon the successful completion of the bought deal financing, the Company will have strengthened its balance sheet by more than $50 million, while reducing annual interest costs by $0.8 million.
- By reducing the Companys indebtedness through the conversion of the Debentures and by raising $42.5 million upon the successful completion of the bought deal financing, the Company will have strengthened its balance sheet by more than $50 million, while reducing annual interest costs by $0.8 million.
- Enthusiast Gaming (TSX: EGLX)(OTCQB: ENGMF)(FSE: 2AV) is building the worlds largest social network of communities for gamers and esports fans that reaches over 300 million gaming enthusiasts on a monthly basis.
- Enthusiasts entertainment business includes Canadas largest gaming expo, EGLX (eglx.com), and the largest mobile gaming event in Europe, Pocket Gamer Connects (pgconnects.com).
- While Enthusiast Gaming considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect.