09:43 AM EST - Enthusiast Gaming Holdings Inc. : Announced it has closed the previously announced acquisition of Tabwire LLC, which owns TabStats (www.tabstats.com), for US$11 million in cash and stock. Upon closing of the Acquisition, the Company made a cash payment of US$5 million and issued 790,094 common shares in the capital of the Company at an agreed value of CAD$9.51 per share, for total share consideration of US$6 million. The Common Shares are subject to a contractual lock-up with 66.66% released twelve months following the closing date, 16.66% released fifteen months following the closing date, and 16.67% released eighteen months following the closing date. Enthusiast Gaming Holdings Inc. Enthusiast Gaming Holdings Inc.
shares T.EGLX are trading unchanged at $7.08.
