GameSquare Esports announces closing of $7 Million private placement

GameSquare Esports announces closing of $7 Million private placement
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TORONTO – GameSquare Esports Inc. (CSE: GSQ) (FRA: 29Q1) an international esports company, reported that it has closed its previously announced upsized “bought deal” private placement of C$7,014,000. The company says it plans to use the net proceeds from the offering to advance business operations in North America and Europe and for general corporate purposes.

GameSquare is an international esports company headquartered in Toronto, Canada. The company is seeking to acquire additional assets and entities serving the esports market and, more broadly, in sports and entertainment. GameSquare’s acquisition of Code Red Ltd. (“Code Red”), an esports talent agency, provided an initial foothold in Europe through its UK operations. Code Red represents leading on-screen talent, players and influencers and works with leading global brands to develop influencer campaigns and esports marketing strategies.

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