The Filer Shares were delisted from the TSXV and the OTCQB as of the close of business on September 5, 2019.18.
Enthusiast owns and operates an online network of websites devoted to video gaming and Canada’s largest video-gaming expo, EGLX. The Purchaser is not in default of any of its obligations under securities legislation in any jurisdiction as a reporting issuer.This order is based on the following facts represented by the Filer:The Principal Regulator is satisfied that the order meets the test set out in the Legislation for the Principal Regulator to make the order.Under the Process for Cease to be a Reporting Issuer Applications (for a passport application):15.
The Filer is not eligible to surrender its status as a reporting issuer pursuant to the simplified procedure in NP 11-206 because the outstanding securities, including debt securities, of the Filer are not beneficially owned, directly or indirectly, by fewer than 15 securityholders in each of the jurisdictions of Canada and fewer than 51 securityholders in total worldwide.c.
To the best of the Filer's knowledge and belief and based on the register of holders of the Filer Debentures maintained by the Filer, as of August 29, 2019 there were 70 holders of Filer Debentures, 9 of which were in Ontario (representing 69.1% of the total aggregate amount of Filer Debentures), and 61 of which were in British Columbia (representing 30.9% of the total aggregate amount of Filer Debentures).12. The Purchaser acquired all of the Filer Shares and the Filer became a wholly-owned subsidiary of the Purchaser, changing its name from "Enthusiast Gaming Holdings Inc." to "Enthusiast Gaming Properties Inc.";Securities Act, R.S.O. Each Filer Option (vested and unvested) was exchanged for a replacement J55 option to acquire such number of J55 Shares as set out in the Plan of Arrangement;17. *By entering your email you agree to receive marketing communication from Enthusiast Gaming. Notice was not delivered to holders of Filer Options, Filer Warrants, Filer Debentures and Filer Broker Warrants. For additional information please contact: The name of the Filer was changed to "Enthusiast Gaming Holdings Inc." pursuant to articles of amendment dated September 21, 2018.
1990, c. S.5, as am., s.1(10)(a)(ii).11. The Filer issued a news release on May 31, 2019 publicly announcing the Arrangement.9. The Filer is not in default of any of its obligations under the securities legislation in any jurisdiction as a reporting issuer.The decision of the Principal Regulator under the Legislation is that the Order Sought is granted.8. The Filer has no intention to seek public financing by way of an offering of securities.2. In addition, 3,632,000 Common Shares held by non-principals of the Company are subject to a Tier 2 Value Security Escrow Agreement.“Completing the TSX Venture listing is a key milestone for the Company, as we embark on building the largest community of authentic gamers, both online and through EGLX,” said Menashe Kestenbaum, the founder, President and Chief Executive Officer of Enthusiast. 2.
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