Intema in May signed a letter of intent to purchase Livestream for $14.75m, split $8.0m in cash, $4.0m issued by a secure vendor and $2.75m in a share issue floated on the TSXV.
A further $3m will be paid if Livestream hits certain revenue targets after the closing date, consisting of $7.5m worth of revenue in the first 12 months and $11.25m after 24 months.
The agreement was subject to a series of requirements in order to progress further, which, in addition to TSXV approval, also included securing a gaming license in the Isle of Man and filing a statement with Canada’s System for Electronic Document Analysis and Retrieval (SEDAR).
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/intema-secures-tsxv-approval-for-loot-bet-acquisition/
