1. ESE granted 250,000 stock options at $0.07 each to a director. 2. Options are exercisable for three years, pending TSX Venture approval. 3. The grant is a related party transaction under MI 61-101 regulations.
The stock options grant is standard but does not significantly alter company prospects. Similar past grants have shown little immediate effect on stock performance.
While significant for internal equity management, it lacks broader market impact. The stock option grant does not redefine ESE's strategic direction.
The grant may create short-term price fluctuations but lacks long-term implications. Historical patterns indicate minimal long-term influence from such options.
ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) ("ESE" or the "Company") announces that, under its equity incentive plan, the Company has granted (the "Options Grant") 250,000 stock options (the "Options") to Ryan Vaupshas, a director of the Company, to purchase up to 250,000 common shares of the Company. Each Option is exercisable for three years from the date of grant at $0.07 per common share. The Options Grant is subject to the approval of the TSX Venture Exchange.
The Options Grant constitutes a related party transaction, as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), and the Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101, contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of the Options Grant.
ESE Entertainment Inc.
Konrad Wasiela
Chief Executive Officer and Director
+1 (437) 826-4012
ESE is a global technology company focused on gaming. The Company provides a range of services to leading video game developers, publishers, and brands by providing technology, infrastructure, and fan engagement services internationally. ESE also operates its own ecommerce channels, esports teams, and gaming leagues. | www.esegaming.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE ESE Entertainment Inc.