New Wave Esports Corp has announced a strategic investment in Talon Esports Limited (Talon). In addition to the Investment, New Wave will work closely with Talon’s leadership to provide advisory support services to help fuel continued growth.
“We are looking to build on our momentum from 2020 by expanding into additional international gaming titles and further developing our brand through the establishment of our very own creative studio. With the addition of New Wave Esports’ leadership and expertise, we are equipped to continue our aggressive growth and achieve our vision,” Sean Zhang, CEO of Talon Esports said.
“Talon’s proven ability to show revenue growth and thorough execution with no external capital raises to date sets them apart as a strong, leading esports organization. Through the new investment and strategic partnership with Talon Esports we are excited to continue building the next generation of esports as a commitment to executing against our Asian growth strategy we announced in October,” Daniel Mitre, CEO of New Wave Esports said.
Pursuant to the terms of a Subscription Agreement dated November 13, 2019, between New Wave Esports and Talon, the Company has subscribed for 681,818 common shares in the capital of Talon at a price of USD$0.44 per Talon Share, for an aggregate investment amount of USD$300,000.