FansUnite Entertainment Inc. Shareholders Approve Sale Transaction
Exciting news from FansUnite Entertainment Inc.
Vancouver, British Columbia–(Newsfile Corp. – August 13, 2024)
FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) is thrilled to announce that the shareholders of the Company have approved the special resolution required for the completion of the Sale Transaction, Distribution, and Voluntary Delisting.
The Sale Transaction involves the sale of all of the issued and outstanding shares of FansUnite US Inc. (“FansUS”) to Hero Group Corp. This move marks a significant step for FansUnite as it aligns with the Company’s strategic goals and objectives.
During the special meeting of shareholders held on August 13, 2024, the necessary resolutions were passed with a total of 181,685,741 shares represented, representing 50.53% of the total issued and outstanding common shares in the Company.
This development signifies a new chapter for FansUnite and sets the stage for future growth and expansion opportunities in the exciting world of entertainment and gaming.
How Will This Update Affect Me?
As a shareholder or investor in FansUnite Entertainment Inc., this approval signals a positive direction for the Company. The Sale Transaction opens up new possibilities for growth and collaboration, potentially leading to increased value for shareholders in the long run.
How Will This Update Affect the World?
The completion of the Sale Transaction between FansUnite Entertainment Inc. and Hero Group Corp. could have broader implications for the entertainment and gaming industry. This move may pave the way for new partnerships, innovations, and advancements that could shape the future of the sector on a global scale.
Conclusion
In conclusion, the approval of the Sale Transaction by FansUnite Entertainment Inc. shareholders marks a significant milestone for the Company. As we look ahead to the future, we are excited about the potential opportunities and growth prospects that this move brings, both for our stakeholders and the industry as a whole.
