Playmaker closes $24 million subscription receipt financing

April 5, 2021

On April 5, 2021, Playmaker Capital Inc. (“Playmaker”) announced the completion of its brokered and non-brokered private placement financing of subscription receipts (the “Subscription Receipts”) for aggregate gross proceeds of $24,000,000 (the “Offering”).

The Offering was comprised of a brokered offering of 32,360,000 Subscription Receipts for gross proceeds of $16,180,000, which was led by Canaccord Genuity Corp. (the “Lead Agent”), together with Echelon Wealth Partners Inc., Eight Capital, PI Financial Corp. and Scotia Capital Inc. (collectively with the Lead Agent, the “Agents”), and a non-brokered offering of 15,640,000 Subscription Receipts for gross proceeds of $7,820,000. In connection with the Offering, Playmaker granted to the Agents an option (the “Agents’ Option”) to increase the size of the brokered portion of the Offering by up to an additional 10,000,000 Subscription Receipts at the issue price, for additional gross proceeds to Playmaker of up to $5,000,000. The Agents’ Option was exercised concurrent with closing of the Offering.

Playmaker is a digital sports media company that lives at the intersection of sports, gambling, media and technology.

Miller Thomson advised the Lead Agent in the Offering with a team led by Lawrence Wilder, and comprised of Jonathan Tong, Abid Ahmed, Brandon Meyer (Capital Markets & Securities), Sarah DeGenova and Madison Derraugh (Student).