Simplicity Esports and Gaming Co (WINR)

[namah sivaya]

WINR in a another non dilutive finance deal! maybe no 2ndary for now??

Simplicity Esports and Gaming Company Announces Extension of Maturity for Maxim Series A-2 Convertible Note

Boca Raton, Florida, June 23, 2020 (GLOBE NEWSWIRE) -- Simplicity Esports and Gaming Company (OTCQB:WINR) (“Simplicity Esports”), announced today that it has agreed with Maxim Group to extend the maturity date of the Series A-2 convertible note until December 31, 2020. The note is the result of legacy investment banking fees from SPAC-related transactions in 2017 and 2018 under previous management.

Roman Franklin, President of Simplicity Esports, stated, “We appreciate Maxim’s confidence in Simplicity and its willingness to extend the maturity of the convertible note. We believe the extension of the maturity date, the addition of a leak-out provision, and the 12-month note with an accredited investor that was announced yesterday, solidifies our capitalization table, and allows us to continue focusing on the execution of our organic and inorganic plans to increase shareholder value, and to move closer to achieving our goal of uplisting to a national stock exchange this year.”

https://www.otcmarkets.com/stock/WINR/news?id=265674