Gaming Nation Inc. (formerly Oceanside Capital Corp.) closes reverse takeover transaction

2 minute read
01 June 2015

On June 9, 2015, Gaming Nation Inc. (formerly Oceanside Capital Corp. TSXV: OCC) ("Gaming Nation") (TSXV: FAN) announced that it had completed its previously announced reverse takeover transaction with Gaming Nation Acquisition Corp. and purchased, directly and indirectly, all of the shares of 5050 Central Ltd. and its subsidiary 5050 Central-Delaware Inc., Fantasy Feud Inc., Guru Fantasy Reports, Inc. and Stevo Design, Inc.

As previously disclosed, following the disposition of Gaming Nation's residual mining assets by plan of arrangement, on June 5, 2015 the company re-domiciled to the Province of Ontario under the name "Gaming Nation Inc." and completed its 2:1 consolidation of its common shares.

Gowlings was special opinion counsel to Gaming Nation in this transaction with a team that included Peter Simeon, David Campbell, Bryce Kraeker, Pierre Lissoir and Martin Mix.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.