Brief: Monaker Group To Acquire Hotplay And 33% Interest In Axion Ventures Inc

Nextplay Technologies

23/07/2020 14:29

July 23 (Reuters) - Monaker Group Inc  MKGI.O :
    * MONAKER GROUP ENTERS INTO AGREEMENT TO ACQUIRE TECHNOLOGY
LEADER
HOTPLAY AND 33% INTEREST IN AXION VENTURES, INC.
    * MONAKER GROUP INC - SHAREHOLDERS OF HOTPLAY WILL BECOME
MAJORITY
SHAREHOLDERS OF COMPANY FOLLOWING CLOSINGS
    * MONAKER GROUP INC - HOTPLAY SHAREHOLDERS WILL RECEIVE
67.8% OF
CO'S POST-CLOSING CAPITALIZATION AS RESULT OF MERGER OF HOTPLAY
    * MONAKER GROUP INC - WILL ALSO ACQUIRE SHARES AND CERTAIN
LOANS
OF AXION VENTURES FROM RELATED SHAREHOLDERS OF HOTPLAY

Source text for Eikon:  ID:nGNX3d11Jb 
Further company coverage:  MKGI.O 

 ((Reuters.Briefs@thomsonreuters.com;))