Victory Square Technologies Inc (VSQTF)

[happyglass]

Just got an email update about immersive

Victory Square Technologies Declares a Special Common Share Dividend of Its Interest in Portfolio Company Fantasy 360 Technologies Inc. (dba Immersive Tech)
Victory Square to dividend out approximately 9,000,000 common shares in Fantasy 360 Technologies Inc. (“Immersive”) to its shareholders.
The Dividend will occur in two tranches of 4,500,000 Shares each.
Victory Square shareholders of record as of the close of business on August 20, 2021 will be entitled to receive the First Tranche Dividend of Immersive shares at a rate of approximately 46.68725 for each 1,000 Victory Square shares held.
The second tranche will consist of approximately an additional 4,500,000 Immersive Shares which will be eligible to Victory Square shareholders of record as of a date to be determined by Victory Square prior to the end of the current calendar year.
Victory Square is pleased to offer a second dividend of shares of a portfolio company this year following the recent issuance of the special common share dividend for its portfolio company GameOn Entertainment Technologies Inc.

VANCOUVER, British Columbia, August 12, 2021 (GLOBE NEWSWIRE) – Victory Square Technologies Inc. (“Victory Square” or “VST”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that is has declared a special dividend of common shares in the capital of its portfolio company Fantasy 360 Technologies Inc. dba Immersive Technologies (“Immersive”) to shareholders of Victory Square (the “Dividend”). The Dividend represents approximately 9,000,000 shares in Immersive in total (“Immersive Shares”) which will be distributed to Victory Square shareholders on separate dates as two different tranches. The company will follow CSE guidelines for this dividend distribution and is subject to CSE approval.

The first tranche will consist of approximately 4,500,000 Immersive Shares which will be eligible to Victory Square shareholders of record as of the close of business on August 20, 2021 (the “First Tranche Dividend”), at a rate of approximately 46.68725 Immersive Shares for each 1,000 Victory Square shares held. The First Tranche Dividend ratio is based on 96,386,043 Victory Square shares issued and outstanding on the date hereof.

The second tranche will consist of approximately an additional 4,500,000 Immersive Shares which will be eligible to Victory Square shareholders of record as of a date to be determined by Victory Square prior to end of the current calendar year.

Victory Square is also pleased to celebrate the recent issuance of the special common share dividend for its portfolio company GameOn Entertainment Technologies Inc. (CSE:GET) (announcement made on May 19, 2021)

The common shares issued as part of the Dividend have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold in the United States or to, or for the account or benefit of, “U.S. persons” (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares issued as part of the Dividend in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.