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Global Daily Fantasy Sports to raise $3m in private placement

26th June 2018 7:50 am GMT

Toronto-listed Global Daily Fantasy Sports (GDFS) is aiming to raise CAD$3m through a private placement to finance its continued development in the fantasy sports sector.

GDFS is offering 17,143,000 units of the company at a price of $0.175 per unit through a non-brokered private placement. 

Each Unit consists of one common share and one-half common share purchase warrant, with each warrant entitling the holder to purchase one share in the company for a period of 36 months from the date [...]

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