01:47 PM EST - Victory Square Technologies Inc. : Announced that, as part of the Company’s long-term strategy to maximize shareholder value, the board of directors has approved a strategic initiative to unlock the intrinsic value of its wholly owned portfolio subsidiary, FansUnite Media Inc. by contemplating a distribution of a portion of the common shares currently held to shareholders of Victory Square. Victory Square will evaluate, consider and assess the mechanism by which to effect such distribution on a tax efficient and financially prudent basis, with the aim of ultimately capitalizing FansUnite into a stand-alone publicly listed entity, which is anticipated to occur later this year. FansUnite is developing a new social sports platform using blockchain technology. Victory Square Technologies Inc.
shares VST:CNX are trading off 8 cents at $2.85.
