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Rivalry Corp. Satisfies Escrow Release Conditions Ahead of Listing on the TSX Venture Exchange

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TORONTO, Sept. 24, 2021 (GLOBE NEWSWIRE) — Rivalry Corp. (formerly, “PMML Corp.”) (the “Company”) is pleased to announce that it has satisfied the escrow release conditions (the “Escrow Release Conditions”) in connection with its previously announced offering (the “Offering”) of subscription receipts (the “Subscription Receipts”) pursuant to which the Company issued 37,814,655 Subscription Receipts at a price of USD$0.58 per Subscription Receipt for aggregate gross proceeds of approximately USD$22,000,000 (the “Subscription Receipt Offering”). The Company delivered an escrow release notice (the “Escrow Release Notice”) to Odyssey Trust Company (the “Subscription Receipt Agent”) pursuant to the terms of a subscription receipt agreement dated June 9, 2021 between the Company, the Subscription Receipt Agent, Eight Capital and Cormark Securities Inc. (the “Subscription Receipt Agreement”) confirming that the Company has satisfied the Escrow Release Conditions, including (i) being issued a receipt for its final (long-form) prospectus dated September 17, 2021 (the “Prospectus”); (ii) obtaining all requisite corporate, shareholder and regulatory approvals in connection with the listing of its subordinate voting shares (the “Subordinate Voting Shares”) on the TSX Venture Exchange (the “TSXV”); and (iii) obtaining conditional approval from the TSXV for the listing of the Subordinate Voting Shares.

In connection with the delivery of the Escrow Release Notice, the escrowed funds held by the Subscription Receipt Agent, less certain commissions and expenses, have been released from escrow to the Company.

Meeting of Shareholders

On September 20, 2021, the Company held its annual and special meeting of shareholders (the “Meeting”). At the Meeting, the Shareholders approved (among other matters):

  • a change of the Company’s name from “PMML Corp.” to “Rivalry Corp.” (the “Name Change”);
  • a consolidation of the Company’s issued and outstanding shares at a ratio to be determined by the board of directors of the Company (the “Board”); and
  • a reorganization of the Company’s share capital whereby each common share of the Company was reclassified as a Subordinate Voting Share and each Class A share of the Company was reclassified as a multiple voting share (the “Multiple Voting Shares”) with each Multiple Voting Share carrying 100 votes per share (the “Reorganization”).

Following the Meeting, the Board approved a consolidation ratio of 4.5 pre-consolidation shares for every one post-consolidation share (the “Consolidation”).

On September 21, 2021, the Company filed articles of amendment to give effect to the Name Change, Consolidation and Reorganization. A copy of the articles of amendment are available under the Company’s issuer profile on SEDAR at www.sedar.com.

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Conversion of the Subscription Receipts and Compensation Options

In connection with the delivery of the Escrow Release Notice, 37,814,655 Subscription Receipts were automatically converted, without any further consideration or action by the holders thereof, into 8,403,242 Subordinate Voting Shares (after taking into account the Consolidation and the Reorganization). In connection with the Offering, the Company also issued an aggregate of 1,886,566 compensation options (the “Compensation Options”) to the Agents (as defined below), which upon the delivery of the Escrow Release Notice were automatically converted, without any further consideration or action by the holders thereof, into an aggregate of 419,235 compensation warrants (the “Compensation Warrants”) with each Compensation Warrant entitling the holder thereof to acquire one Subordinate Voting Share at an exercise price of USD $2.61 until March 23, 2023.

The Subscription Receipt Offering was completed by a syndicate of agents co-led by Eight Capital and Cormark Securities Inc. together with Canaccord Genuity Corp and M Partners Inc. (the “Agents”).

Listing of the Shares on the TSXV

As previously announced, the Company has received conditional approval from the TSXV for the listing of the Subordinate Voting Shares and expects the Subordinate Voting Shares to commence trading on the TSXV under the stock symbol “RVLY” at market open on or about October 5, 2021. Listing is subject to the Company fulfilling all listing requirements of the TSXV.

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About Rivalry Corp.

Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and sports media property offering fully regulated online wagering on esports, traditional sports, and casino for the next generation of bettors. Rivalry Limited currently holds an Isle of Man license, considered one of the premier online gambling jurisdictions. Based in Toronto, Rivalry operates a global team in more than 18 countries and growing. Rivalry Limited was granted its Isle of Man license in early 2018, officially launching in August of that year, and the Company is currently in the process of obtaining additional country licenses. The Company also has a variety of originally developed products, including Quest, a gamified on-site betting experience, and an original casino game called Rushlane that offers both B2C and B2B opportunities. For more information, visit https://www.pmmlcorp.com/.

Company Contact:
Steven Salz, CEO
[email protected]

Media Contact:
Brandstyle Communications
Kell Cholko / [email protected]
484.797.2014

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

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This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information in this news release includes, but is not limited to, statements relating to the listing of the Subordinate Voting Shares on the TSXV. Forward-looking statements are based on the opinions and estimates of management of PMML at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include: regulatory and other approvals or consents; fluctuations in general macroeconomic conditions; fluctuations in securities markets; the impact of the COVID-19 pandemic; the ability of the Company to successfully achieve its business objectives and political and social uncertainties. No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. Additional information regarding risks and uncertainties relating to the Company’s business are contained under the heading “Risk Factors” in the Prospectus filed on its issuer profile on SEDAR at www.sedar.com. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not undertake to update any forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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7777 gaming partners with Microgame to strengthen Italian iGaming expansion

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7777 gaming is proud to announce its strategic partnership with Microgame, the leading B2B technology and service provider in the Italian online gaming market. This collaboration marks another milestone in 7777 gaming’s commitment to delivering next-generation iGaming content to regulated European markets.
By partnering with Microgame, a pioneer and “first mover” in Italy’s online gaming industry, 7777 gaming significantly broadens its reach among Italian operators and players, bringing its certified portfolio of slots, instant win, and innovative games to one of Europe’s most mature and discerning markets.

“This partnership with Microgame is a natural next step for our growth in Italy,” said Elena Shaterova, Chief Commercial Officer at 7777 gaming. “Microgame’s strong position, deep local knowledge, and cutting-edge technological solutions make them the ideal partner to deliver our fresh and distinctive games to a wider audience. Together, we aim to provide unique experiences that stand out in the Italian iGaming space.”

Founded in 1999, Microgame has long been a beacon for new business models and technological advancement in the Italian gaming sector. With over two decades of market leadership, the company continues to innovate and expand, supporting its network of concessionaires with flexible, tailor-made solutions and a platform designed for the Italian market’s specific needs.
We are excited to welcome 7777 gaming’s unique content into our portfolio,” said Francesco Cuzzupoli, Gaming Product Director at Microgame “Their next-generation games and bold approach to game development perfectly align with our mission to offer the best and most innovative products to our partners. This partnership further strengthens Microgame’s position as the Italian B2B leader and enhances the entertainment options available to our concessionaire network.”

7777 gaming’s certified games for Italy include standout slots like Crazy 100 Bucks, Thracian Treasures, and Vault Looter, plus instant win titles like Sea of TreasuresSea of Treasures and the boundary-
pushing Devil’s Deal Soul for Sale – all designed with a strong focus on player engagement and innovative gameplay features.
This new partnership builds on 7777 gaming’s ambitious expansion plan, which has already seen the company secure regulated entry in Peru, Brazil, Colombia, Croatia, and Italy in 2025 alone. By working with trusted local partners like Microgame, 7777 gaming continues to deliver its vision of high-performing, regulation-ready content worldwide.
 
About 7777 gaming:

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7777 gaming is an innovative and data-driven B2B igaming provider, founded in 2020 with the mission to revolutionize and challenge the status quo in the industry by offering 360-degree platform, state-of-the-art online casino games, iLottery, Jackpot, and marketing solutions, draw-based games, scratch cards, and much more.

The product is built by a dedicated team of visionaries with over 20 years of experience. The games and the RNG are tested and compliant in several highly regulated jurisdictions worldwide. Besides, the company achieved and maintained ISO 27001 certification. 7777 gaming holds a gambling license in Bulgaria and Romania and an MGA Certificate to provide its online casino games to these markets.

7777 gaming is already partnering with the leading aggregators and platform providers in the igaming industry.

Contact us:
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The post 7777 gaming partners with Microgame to strengthen Italian iGaming expansion appeared first on European Gaming Industry News.

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Team Liquid Win The Mobile Legends: Bang Bang Mid Season Cup at the 2025 Esports World Cup in a Thrilling Best-of-Seven Domination

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Team Liquid have won the Mobile Legends: Bang Bang Mid Season Cup at 2025 Esports World Cup title with a dominant 4-1 victory. They took down SELANGOR RED GIANTS OG ESPORTS in a thrilling best-of-seven.

Team Liquid will take home $1,000,000 for their victory, claiming the lion’s share of the $3,000,000 prize pool. The Filipino team went unbeaten in the tournament, dropping just two games prior to the grand final. 

The grand final started with some difficulty for Team Liquid as it was a one-sided match in favour of SELANGOR RED GIANTS OG ESPORTS. However, it proved to be just a minor setback for Team Liquid, as the Filipino squad struck back even harder in the following games, steadily gaining momentum, and winning four matches in a row. With so much to play for in the final game, Team Liquid could have folded under the pressure of it all, but instead, they doubled down and dominated. 

SELANGOR RED GIANTS OG ESPORTS had a solid run during the tournament, having to battle through the lower bracket semifinals in the group stage. Two 3-2 victories in the knockout stage set them up for the grand final. The defending Mid Season Cup champions were unable to keep their great run going, however, as Team Liquid were too strong for them in the grand final. 

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“I honestly can’t fathom how I feel right now,” said Karl “KarlTzy” Nepomuceno. “I am insanely happy, the feeling is so much different from other tournaments I have won.”

Sanford “Sanford” Vinuya was named the SONY MVP following the impressive comeback win in the final. He will receive an additional $10,000 and the MVP medal to recognise his achievements.

“I owe it to my teammates,” said Sanford “Sanford” Vinuya. “I have grown into a strong fighter, so thank you so much.” 

Team Liquid earn 1000 Club Championship points for their victory, which secures their spot at the top of the Club Championship standings. With the Club’s second Championship win in two days, they now sit on 3200 Club Championship points, with second-place Team Falcons on 2700. Having had 12 unique title winners in the first 12 events of the EWC 25, Team Liquid managed to claim a second title in back-to-back days to end that incredible streak. 

The post Team Liquid Win The Mobile Legends: Bang Bang Mid Season Cup at the 2025 Esports World Cup in a Thrilling Best-of-Seven Domination appeared first on European Gaming Industry News.

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Springbok Casino Exposes Unethical Wildlife Tourism in August Feature – Plus 25 Free Spins on Hades’ Flames of Fortune

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This AugustSpringbokCasino.co.za ewr45is shedding light on the dark side of animal tourism while turning up the heat with a sizzling offer: 25 Free Spins to play the blazing new underworld slot, Hades’ Flames of Fortune, all month long.

From cuddling lion cubs to diving with baited sharks, many popular animal attractions promise adventure but deliver exploitation. This month, Springbok Casino pulls back the curtain on harmful practices—revealing the truth behind these unethical encounters and offering better, cruelty-free alternatives.

THE WILD SIDE OF WRONG – FIVE ANIMAL ADVENTURES YOU SHOULD NEVER BOOK

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  • Wild Shows, Trapped Lives – The cruelty of animal performances

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The post Springbok Casino Exposes Unethical Wildlife Tourism in August Feature – Plus 25 Free Spins on Hades’ Flames of Fortune appeared first on European Gaming Industry News.

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