M&A

06.03.2023

by Mateusz Mazur

Last update: 06.03.2023 11:36

NorthStar Gaming Holdings Inc. announces completion of reverse takeover transaction with the TSX Venture Exchange

NorthStar Gaming Holdings Inc., formerly Baden Resources Inc., announced that, further to its press release dated June 30, 2022, it has completed the business combination with NorthStar Gaming Inc. involving the amalgamation of NorthStar and a wholly owned subsidiary of the Company.

Results of business combination

The Business Combination resulted in, among other things, (I) the reverse takeover of the Company by the former security holders of NorthStar, (II) the Company changing its name to “NorthStar Gaming Holdings Inc.”, (III) the de-listing of the Company’s common shares from the Canadian Stock Exchange and (IV) the expected listing of the Company’s common shares on the TSX Venture Exchange.

It is anticipated that the Company’s common shares will commence trading on the TSX-V on during the week of March 6, 2023 under the symbol “BET”. The Company will issue an updated release upon the issuance of the trading bulletin by the TSX-V confirming the trading date.

Significant milestone

“The public listing of NorthStar represents a significant milestone and we’re pleased to now provide consumers with the opportunity to become shareholders,” said Michael Moskowitz, Chief Executive Officer and a founding partner of NorthStar.

“As an organization, we’re focused on executing our strategic vision to grow our iGaming market share across the province of Ontario while also looking ahead to the future with the goal of reaching other markets.”

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