Rivalry Closes Third Tranche Of Non-Brokered Private Placement
Summary
TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Rivalry Corp. (the "Company" or "Rivalry") (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, is pleased to announce that it has closed the third tranche (the Third Closing) of its non-brokered private placement of units of the Company (the "Units"), previously announced on November 26, 2024 (the "Offering"). Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the transactions contemplated hereby pursuant to a material change report filed at least 21 days prior to the completion of such transactions.Rivalry Corp. wholly owns and operates , a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet.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 press release.Cautionary Note Regarding Forward-Looking Information and StatementsThis news release contains certain forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Companys MD&A dated April 30, 2024 and other disclosure documents available on SEDAR+ at www.sedarplus.ca.No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct.