Gamelancer Gaming Corp. Files Annual Financial Statements and Releases Fourth Quarter Revenues
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Toronto, Ontario–(Newsfile Corp. – May 20, 2022) – Gamelancer Gaming Corp.(CSE: GMNG)(formerly, Wondr Gaming Corp.) (“game launcher“or the”Company“) announces that, further to its press releases dated May 4, 2022 and May 18, 2022, the Company is providing a default status report in accordance with the alternative disclosure guidelines set forth in National Policy 12-203 – Cease Trade Orders for Continuing Disclosure Failures (“NP 12-203“).
On April 20, 2022, the Company announced (the “Default Announcement“) that it planned to late file its audited annual financial statements, MD&A, and CEO and CFO certifications (collectively, the “Continuous Disclosure Documents“) for the financial year ended December 31, 2021, on the prescribed deadline of May 2, 2022.
The Company has filed an application with the applicable securities authorities pursuant to GI 12-203 requesting that a management cease trade order (“MCTO“) be imposed in respect of the anticipated late filing rather than a cease trade order from the issuer. On May 3, 2022, the Company received the OCTM from the Ontario Securities Commission pursuant to NP 12-203, pending the filing of continuous disclosure documents The MCTO does not affect the ability of persons who have not been directors, officers or insiders of the Company to trade in their securities.
The Company is pleased to announce that it has filed its continuous disclosure documents. The continuous disclosure documents can be viewed under the Company’s profile at www.sedar.com.
The Company is also pleased to report that in the fourth quarter of 2021, it generated advertising revenue of $186,919. As the Company continues to develop its business from the start-up phase, the Company also recorded expenses of $9,766,245, a net loss for the year of $9,579,326 and a total comprehensive loss of $9,742,571. , including a fair value loss on a previous investment in a private enterprise.
Said Jon Dwyer, Managing Director:
“It’s been an extremely busy and exciting year for the Gamelancer team with the merger taking us public, the acquisitions of two companies in 2021, and the closing of two additional acquisitions after the end of the year, as well as our funding We are very pleased to now see the results of our efforts and investments with healthy revenue generation in the second half of the fourth quarter We continue to secure revenue-generating contracts that will ensure continued future revenue growth , and with the recent acquisition of Gamelancer Inc., we are well positioned to accelerate this growth in fiscal 2022.”
Gamelancer Gaming Corp., an entertainment company listed on the Canadian Securities Exchange, is a growing mobile-focused social media network – generating over 1 billion monthly video views across its 27 owned channels and exploited. With over 28,000,000 followers across TikTok, Instagram and Snapchat, primarily located in the US, Canada, UK and Australia, Gamelancer sells direct and programmatic media across its network to the world’s top brands. Using advanced user data analytics, we provide our audience with curated and relevant content for the GenZ & Millennial gaming community, giving brands unparalleled access to the largest gaming media inventory on TikTok, Instagram and Snapchat. . Gamelancer also monetizes on its variety of Snapchat Gaming channels with monthly recurring revenue in partnership with Snapchat.
For more information, please contact:
Jon Dwyer, President and CEO
E-mail: [email protected];
Bill Mitoulas, Investor Relations
Such : (416) 479-9547
E-mail: [email protected]
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. In particular, and without limitation, this press release contains forward-looking statements and information relating to the Company’s financial statement filings. Forward-looking statements and information are based on certain key expectations and assumptions made by the Company’s management. Although the Company’s management believes that the expectations and assumptions on which these forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information as no assurance can be given that they will prove to be exact. .
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of the Company’s management regarding the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since before
forward-looking statements and information address future events and conditions, and by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the informationforward-looking statements and information contained in this press release. Readers are cautioned that the above list of factors is not exhaustive. the frontthe forward-looking statements and information contained in this press release are made as of the date hereof and no commitment is given to publicly update or revise the forward-looking informationforward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124814