X1 Esports and Entertainment Ltd. (TSE:XONE) has released an update.
X1 Esports and Entertainment Ltd. has launched a non-brokered private placement aiming to raise up to $2 million through the sale of units at $0.25 each, with the potential to increase the offering to $3 million. The proceeds will fund the acquisition of the Manson Bay Property, its exploration work, and general corporate purposes. The offering is subject to shareholder and Canadian Securities Exchange approvals, and the securities will be subject to a four-month hold period post-closing.
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