Global Daily Fantasy Sports is pleased to announce that it intends to raise gross proceeds of up to $3,000,000 through a non-brokered private placement of 17,143,000 units of the Company at a price of $0.175 per Unit. 

The non-brokered private placement is subject to all necessary regulatory approvals.  The securities being issued in the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The Company may pay a finders fee at their discretion to parties involved in the financing.

The Company intends to use the net proceeds for additional technical resources, new sport development, sales and marketing activities in core and new markets and general working capital.

Global would also like to announce that it has retained, subject to acceptance of filings with regulatory authorities, Independent Trading Group Inc, to provide market maintenance services to the Company in compliance with regulatory guidelines.

ITG will trade shares of the Company on the TSX Venture Exchange for the purposes of maintaining a reasonable market and improving the liquidity of the Company’s common shares.

The Company will pay ITG $3,500 per month for their services. The agreement with ITG may be terminated at any time by the Company or ITG following an initial three-month term. There are no performance factors contained in the agreement and ITG will not receive any shares or options as compensation for the services it will render. The Company and ITG are unrelated and unaffiliated entities but ITG and/or its clients may have an interest, directly or indirectly, in the securities of the Company.