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Wednesday, November 29, 2023

Royal Wins Corporation to List on the CSE

Royal Wins Corporation (“Royal Wins” or the “Company”) is pleased to announce that the Company has filed a Final Long Form Prospectus with the Ontario Securities Commission (the “Prospectus”) and received approval to list its common shares on the Canadian Securities Exchange (the “CSE”) under the trading symbol “SKLL.” The Company’s shares will commence trading on the CSE on Tuesday, July 20, 2021.

Accordingly, Royal Wins has satisfied escrow release conditions pertaining to private placement of 11,223,331 subscription receipts completed on March 5, 2021, at a price of $0.30/subscription receipt. Each subscription receipt was automatically converted without any further action by the holders into one common share of Royal Wins (a “Common Share”) and one-half of one common share purchase warrant (each full warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one common share of the Company at a price of $0.40 for a period of 24 months from the date of the closing of the private placement.

The conversion of the subscription receipts generated gross proceeds of $3.367 million. Royal Wins will use the proceeds for corporate G&A and for product development, marketing and customer acquisition for its hyper casual gaming platform Kash Karnival. Finder’s fees totalling $235,690 and 785,633 broker warrants have been paid in relation to the placement of these securities.

The Prospectus has been filed in accordance with the provisions of the Canadian National Instrument 41-101 – General Prospectus Requirements to comply with the requirements of the CSE. No New securities were offered with the filing of the prospectus.

Following the above referenced issuance of shares and warrants, the Company has 117,370,376 Common Shares, 14,486,017 warrants and 9,500,000 options outstanding. 66.9 million common shares are subject to various restrictions on trading, while 50.4 million shares will be freely trading (including the most recent issue at $0.30/share).

About Royal Wins Corporation

Royal Wins Corporation (“Royal Wins”) is an innovative digital games studio pioneering skill game wagering and betting on mobile casual games. Established in 2014, Royal Wins PTY designs, develops and operates real money wagering skill games, to disrupt and dominate the online gaming space such that all players of legal age can play and win life-changing jackpots and prizes on their skill instead of only on chance and odds.

Royal Wins founders and the management team are gaming veterans, thought leaders and industry leading developers. They bring an operational expertise rarely found in the upstart public markets and together with their Directors and Advisors, Royal Wins PTY is equipped for strong business growth in online gaming and eSports.

For more information please contact:

Royal Wins Corporation
Nicholas Konkin
Communications Director
Phone: 1 647 249 9299, ext. 305
E-mail: ir@royalwins.com

Forward-Looking Statements

Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the Company’s filings with Canadian securities regulators. When used in this news release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should,” and similar expressions, are forward-looking statements.

Forward-looking statements may include, without limitation, statements regarding the Company’s unaudited financial results and projected growth.

Although the Company has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are subject to inconsistent legislation and regulation; change in laws; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and recreational-use marijuana industry and; regulatory or political change.

There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Royal Wins Corporation disclaims any intention or obligation to update or revise such information, except as required by applicable law, and the Company does not assume any liability for disclosure relating to any other company mentioned herein.

No securities regulator or exchange has reviewed, approved, disapproved, or accepts responsibility for the content of this news release.




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