Thursday, November 24 2022

Vancouver, British Columbia–(Newsfile Corp. – June 9, 2022) – FansUnite Entertainment Inc. (CSE: FANS) (OTCQX: FUNFF) (“FansUnite” or the “Company”) is pleased to announce its intention to launch a normal course issuer bid (“NCIB”) for its common shares (the “Shares”) through the Canadian Securities Exchange (the “CSE”).

Pursuant to the tender offer, the Company may purchase up to 16,115,728 shares, representing 5% of the issued and outstanding shares of this class at the date of this press release, through the CSE and other applicable scholarships. The OPRA will begin on June 15, 2022 (the “Start Date”) and may extend for a maximum period of 12 months from the Start Date.

The actual number of shares purchased under the issuer bid, the timing of the purchases and the price per share will depend on market conditions and will be in accordance with CSE policy and NI 62-104. Takeover Bids and Issuer Bids. All purchases made by the Company pursuant to the tender offer will be made through Research Capital Corporation, as the Company’s broker, and all shares purchased pursuant to the tender offer redemption will be cancelled.

The Company proposes to initiate the tender offer because it believes that the market price of the Shares may, from time to time, not fully reflect their value and, therefore, the purchase of the Shares would be in the best interest of the Company and an attractive offer and appropriate use of available funds. It is anticipated that any purchases made by the Company may also increase value and liquidity for its shareholders.

About FansUnite Entertainment Inc.

FansUnite is a global sports and entertainment company, focused on technology related to regulated and legal online gaming. FansUnite’s one-of-a-kind iGaming platform, Chameleon, provides operators with a comprehensive suite of sports and esports-focused gaming solutions for the next generation of punters and online casino players. In addition to providing B2B technology solutions, FansUnite operates several B2C brands, such as Scottish bookmaker McBookie and Brazilian bookmaker VamosGG, and produces casino-style slot games under its subsidiary Askott Games. FansUnite is the North American-focused parent company of American Affiliate, which operates leading affiliate brands such as Betting Hero, Props.com, Wagers.com and BetPrep.

For more information, please contact:

Prit Singh, Investor Relations at FansUnite
[email protected]
(905) 510-7636

Scott Burton, CEO of FansUnite
[email protected]

Darius Eghdami, President of FansUnite
[email protected]

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATORY SERVICE PROVIDERS HAVE REVIEWED NOR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD-LOOKING INFORMATION: ‎

This press release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, results, developments, performance or achievements that FansUnite anticipates or expects will occur or occur in the future ( in whole or in part) must be taken into account. – search for information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “expected”, “estimates”, “forecasts”. “. “, “intends”, “anticipates” or “believes” or variations (including negative variations) of these words and expressions, or statements formed in the future tense or indicating that certain actions, events or results “may “, “could”, “would”, “might” or “will” (or other variations of the above) be taken, occur, be achieved or occur. Forward-looking statements in this press release include , but not limited to, the availability of cash for the repurchase of shares outstanding under the tender offer; the fulfillment by third parties of their contractual obligations relating to the OPRC; the existence of other uses of the company’s cash resources which may be greater than the realization of purchases under the public tender offer; compliance with applicable laws and regulations relating to the OPRCA; the inability to obtain the approval of the ONC with the regulatory authorities scholarships or scholarships; failure to realize the anticipated benefits of the OPRA; the company’s strategic objectives, goals, growth strategy and direction, including revenue and free cash flow growth through improved operations, accretive acquisitions, organic expansion, integration and growth. ‘operations innovation and revenue management;.

Forward-looking statements are based on assumptions and analyzes made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, including, but not limited to, expectations and assumptions regarding: exchange rate; capital efficiency, cost savings and synergies; growth and growth rate; success in the online gaming and sports betting industry; the regulatory environment applicable to online gambling and sports betting; the technology infrastructure and support necessary to host the Company’s online gambling and sports betting platforms and applications; any application of cryptocurrency to the business of the Company; and the Company’s growth plan. Although FansUnite considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; audit risks; risks associated with regulatory environments in the jurisdictions in which the Company operates; risks related to technology that could impair the Company’s ability to operate its online gambling and sports betting platforms and applications, risks related to the global novel coronavirus (COVID-19) pandemic and any effect it may have on the Company’s activities in this regard. Readers are cautioned that the foregoing list is not exhaustive. For additional information about the risks, uncertainties and assumptions that could cause anticipated opportunities to differ materially from actual results, please refer to FansUnite’s public filings which are available on SEDAR at www.sedar.com . Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. This information, although considered reasonable by management at the time it was prepared, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and are therefore subject to change thereafter. FansUnite disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127009

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