TGS Esports Signs Non-Binding Term Sheet to be Acquired by Midnight Gaming
VANCOUVER, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) -- TGS Esports Inc. ("TGS" or the "Company") (TSXV: TGS ) is pleased to announce that it has entered into a non-binding term sheet dated Jan. 26, 2023 with respect to a potential acquisition (the "Transaction") with Midnight Gaming Corporation ("Midnight").
- VANCOUVER, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) -- TGS Esports Inc. ("TGS" or the "Company") (TSXV: TGS ) is pleased to announce that it has entered into a non-binding term sheet dated Jan. 26, 2023 with respect to a potential acquisition (the "Transaction") with Midnight Gaming Corporation ("Midnight").
- Under the terms of the Transaction Midnight is expected to acquire all of the outstanding securities of TGS.
- The issuer resulting from the Transaction is expected to remain a diversified entertainment company with esports and gaming and media divisions, and to carry on the current business of TGS and Midnight.
- With the acquisition of TGS Esports, Midnight Gaming Corp, its investors and employees are very excited for the future,” said Kinney McGraw, CEO of Midnight.