Playmaker Capital Inc.

Canaccord Genuity acts as Financial Advisor to Playmaker Capital Inc. on its US$20 million convertible loan facility.

Canaccord Genuity is pleased to announce that on July 12, 2022, Playmaker Capital Inc. (“Playmaker” or the “Company”) (TSX-V: PMKR) entered into a credit agreement with Beedie Investments Ltd. (“Beedie Capital”) for a convertible loan facility of up to US$20 million (the “Convertible Facility”). Concurrent with entering into the credit agreement, Playmaker received an initial advance of US$15 million (the “Initial Advance”) with the remaining US$5 million available for subsequent drawdown.

At any time during the term of the Convertible Facility, Beedie Capital may elect to convert the principal amount of the Initial Advance into common shares of Playmaker at a conversion price of $0.70 per common share, which represents a 77% premium to the $0.395 trading price per common share on the TSX Venture Exchange on the close of business on July 11, 2022. The Convertible Facility bears interest at a fixed rate of 9% per annum on advanced funds. Proceeds from the Initial Advance will be used by Playmaker for the payment of transaction fees, costs and expenses, permitted acquisitions, payment of existing vendor take back (“VTB”) and earnout obligations, future VTB’s and earnout obligations, prescribed growth capital and such other uses as agreed to by Playmaker and Beedie Capital from time to time.

Playmaker is a digital sports media company that lives at the intersection of sports, gambling, media and technology. Playmaker is building a collection of premier sports media brands, curated to deliver highly engaged audiences of sports fans to sports betting companies, leagues, teams and advertisers.

The Canaccord Genuity team included Michael Kogan, Todd Radons, Balraj Parhar and Andrew Harrison from Investment Banking with senior support from Dan Daviau, and strong support from Michael Hogan and Graeme Parker from Equity Sales.