Global Gaming Technologies Corp. (CNSX:BLOC.U) entered into an arm’s length definitive agreement to acquire Videre eSports Corp. for $12.9 million on February 14, 2019. Pursuant to the terms of the transaction, Global Gaming will issue 428.87 million of common shares to acquire all of the issued and outstanding common shares in the capital of Videre eSports Corp. Following the acquisition, the former shareholders of Videre eSports on a collective basis will own 37.19% of the issued and outstanding share capital of Global Gaming Technologies. None of the former individual shareholders of Videre eSports will hold more than 10% of the issued and outstanding share capital of Global Gaming Technologies. A unique eSports betting platform of Videre eSports will become part of Global Gaming Technologies and Videre eSports will continue operate as a wholly-owned subsidiary of Global Gaming Technologies. The agreement may be terminated by either of Global Gaming or Videre eSports, if the effective time has not occurred on or before March 31, 2019. The transaction is subject to approval by shareholders of Videre and Global Gaming. Global Gaming Technologies Corp. (CNSX:BLOC.U) completed the acquisition of Videre eSports Corp. on March 6, 2019.