GameOn Entertainment Technologies Inc (C:GET)
Shares Issued 68,179,203
Last Close 6/11/2024 $0.08
Tuesday June 11 2024 - News Release

Mr. Matt Bailey reports

GAMEON PROVIDES UPDATE ON STATUS OF MCTO

GameOn Entertainment Technologies Inc. is providing an update on the status of a management cease trade order (MCTO) application to the British Columbia Securities Commission that the company announced was granted on April 30, 2024. Reasons for the anticipated delay include additional due diligence with respect to the reporting of the company's new commercial agreements and blockchain grants.

The company reports that the audit is progressing and will provide a further update on the timing of its annual filings on or about June 25, 2024. The company is not aware of any specific accounting or audit concerns at this time. The company expects that it will be in a position to file the annual filings on or before June 28, 2024.

The MCTO restricts the chief executive officer and chief financial officer from all trading in securities of the company until such time as the annual filings have been filed by the company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the company to trade in securities of the company.

Until the annual filings are filed, the company intends to comply with the provisions of the alternative information guidelines as set out in National Policy 12-203, Management Cease Trade Orders, for as long as it remains in default, including the issuance of biweekly default status reports in the form of a news release. The company confirms that since the date of the announcement: (i) there has been no material change to the information set out in the announcement that has not been generally disclosed; (ii) there has not been any other specified default by the company under NP 12-203; (iii) the company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the company that has not been generally disclosed.

About GameOn Entertainment Technologies Inc.

GameOn partners with the world's best sports, media and entertainment IPs (intellectual properties) to launch brand-building, money-making next-generation games. The company turn fans into superfans -- engaging, retaining and monetizing audiences. With a diverse team of gaming, sports and Web 3 veterans with experience at Take-Two Interactive, Twitch, EA, Dapper Labs and the Brooklyn Nets, GameOn's platform is executed at scale with millions of users, game plays and revenue. GameOn has partnered with NBCUniversal, Bravo, LALIGA, PFL, Karate Combat, the WNBA, Times Internet, Dick's Sporting Goods and Gaming Society.

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