Engine gaming receives shareholder approval for arrangement with gamesquare esports inc.

Toronto, on / accesswire / march 8, 2023 / engine gaming and media, inc. (nasdaq:game; tsxv:game) ("engine gaming", or the "company"), announced today that the shareholders of engine gaming have voted to approve the arrangement with gamesquare esports inc. ("gamesquare"), pursuant to which engine gaming has agreed to acquire all of the issued and outstanding common shares of gamesquare (the "gamesquare shares") at an exchange ratio of 0.08262 of an engine common share for each gamesquare share. lou schwartz, ceo of engine gaming commented, "the outcome of our shareholder meeting further validates our thesis behind the transaction as our union positions the combined company to become one of the most influential gaming, esports and media companies reaching youth audience, benefiting from a leading platform of end-to-end media content, and technology assets.
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