Orange Capital to take Gaming Nation private for $44 mln

Gaming Nation Inc (TSX-V: FAN), a Thornhill, Ontario online gaming brand, has agreed to be acquired by an affiliate of Orange Capital, a U.S. hedge fund. The deal will see Orange Capital acquire all of the company's issued and outstanding shares for about $44 million and result in Gaming Nation's de-listing from the TSX Venture Exchange. The acquisition follows a review of the company's strategic options. It is supported by shareholders representing 45 percent of outstanding shares. Gaming Nation's platforms include 5050 Central, BD Sport Group, Fantasy Guru, Fantasy Guru Elite and Pick Nation.

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