Playmaker Capital Inc. Announces Multi-Year Credit Facilities with Tier 1 Canadian Bank and Files Preliminary Base Shelf Prospectus to Accelerate Acquisition and Growth Strategy

TORONTO–(BUSINESS WIRE)–Playmaker Capital Inc. (TSX-V: PMKR; OTC: PMKRF) (“Playmaker”), the digital sports media company that delivers authentic content experiences through its portfolio of sports media and technology brands, announced that it has entered into a indicative term sheet (the “Term Sheet”) with a Tier 1 Canadian bank (the “Bank”) regarding multi-year credit facilities (the “Credit Facilities”). The credit facilities will allow Playmaker to continue executing its M&A growth strategy, expand its audience across the Americas and continue to enhance and diversify its revenue generation capabilities.

“We are constantly evaluating new opportunities for growing our business through acquisitions and improving shareholder value. This includes ensuring that we have access to cost-effective capital. Our consistent performance and strong aEBITDA has created this opportunity with the Bank, and we are very excited to continue working with them,” said Jordan Gnat, CEO of Playmaker.

In accordance with the term sheet, the Bank has agreed to provide Playmaker with three credit facilities, totaling US$15,000,000 to be used for acquisitions and general corporate purposes, subject to the satisfaction of customary conditions precedent. The facilities have a term of two years, subject to Playmaker’s option to extend for a further 12 months, subject to Bank approval. The aggregate limit of the facility may be increased by an additional USD 11,000,000 if the Company provides the Bank with satisfactory evidence that it has completed a minimum capital increase of USD 10,000,000.

Playmaker expects to enter into a binding Commitment Letter with the Bank regarding the Credit Facilities in April 2022.

Playmaker also announced today that it has filed and obtained a receipt for a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec.

Upon the effectiveness of a final short form base shelf prospectus (the “Short Shelf Prospectus”), the shelf prospectus will be valid for a period of 25 months, during which Playmaker may issue common stock, preferred stock, Units, Debt Securities, Subscription Receipts and Warrants (the “Securities”) in amounts, at prices and on terms based on prevailing market conditions at the time of sale and set forth in a supplement to shelf prospectus (“prospectus supplement”) attached, for an aggregate offering amount of up to CAD $75,000,000.

Unless otherwise specified in a prospectus supplement, the net proceeds from the sale of securities for cash may be used for possible future acquisitions, capital expenditures, repayment of debt and for general working capital purposes. Each prospectus supplement will contain specific information regarding the use of the proceeds of such sale of securities. There is no certainty that any Securities will be offered or sold under the Shelf Prospectus during the 25 month period.

TSX VENTURE EXCHANGE DISCLAIMER

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects Playmaker’s current expectations regarding future events. The words “will”, “expect”, “anticipate”, “believe”, “plan”, “intend” and similar expressions are often intended to identify forward-looking information, although all forward-looking information do not contain these identifying words. This forward-looking information is based on our opinions, estimates and assumptions which, while considered by Playmaker to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results, level of activity, performance or achievements to differ materially from those expressed or implied by such forward-looking information, including, but not limited to, risks relating to changes in general economic, business and political conditions, the execution of a binding letter of undertaking with the Bank regarding the credit facilities, the offer or sale of securities pursuant to the shelf prospectus, the consummation of the transactions contemplated in the this press release in the manner provided and the factors discussed in more detail under the “Factors of risk” in the preliminary base shelf prospectus, which is available under our profile on SEDAR at www.sedar.com, and should be considered carefully by potential investors. Playmaker undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

ABOUT PLAYMAKER

Playmaker Capital Inc. (TSX-V: PMKR; OTC: PMKRF) is a digital sports media company that lives at the intersection of sports, betting, media and technology. Playmaker is building a collection of leading sports media brands, curated to deliver a highly engaged audience of sports fans to sports betting companies, leagues, teams and advertisers.

For more information visit: playmaker.fans or contact Playmaker CEO Jordan Gnat via email [email protected] | Phone. : (416) 815-4993.

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