Rivalry Announces Third Quarter 2022 Investor Conference Call Information
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TORONTO, Nov. 23, 2022 (GLOBE NEWSWIRE) — Rivalry Corp. (there “Company” Where “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (ESF: 9VK), an internationally regulated sports betting and media company, today issued a reminder regarding its planned release of third quarter 2022 financial results. The Company also announced certain changes related to stock options outstanding incentives.
Third Quarterly results and conference call
The Company expects to file its third quarter 2022 results on the morning of Tuesday, November 29, 2022 before the start of trading on the TSX Venture Exchange. Management plans to hold a conference call with investors the same day at 10:00 a.m. EST to discuss the results.
|Hourly:||Tuesday, November 29, 2022 at 10:00 a.m. EST|
|Compose:||888-886-7786 (toll free) or (+1) 416-764-8658 (local or international calls)|
|Webcast:||A live webcast can be accessed from the Events section of the Company’s website at www.rivalrycorp.com or at this link.A replay of the webcast will be archived on the Company’s website for one year.|
Changes to stock options
The Company also announces that it intends to change the exercise price of certain previously granted options (the “Subject Options”) to purchase a total of 1,737,283 subordinate voting shares of the Corporation (“Subordinate Voting Shares”) pursuant to the Company’s 2021 Stock Incentive Plan, as amended from time to time (the “To plan”).
The affected options have exercise prices ranging from $1.35 to $3.31 per subordinate voting share. The Company intends to change the exercise price of the Subject Options to $0.81 per Subordinate Voting Share. All other item option conditions will remain unchanged.
“Rivalry is a global, remote-focused company with over 100 employees in over 20 countries. We deliver a world-class product and brand to customers, which reflects the world-class people at Rivalry. Our talent is our secret sauce. Retaining this talent is therefore directly tied to ensuring continued growth at Rivalry,” said Rivalry CEO and Co-Founder Steven Salz. “We believe these contemplated changes are the best thing we can do to support employee retention and our continued success in the future.”
In accordance with the policies of the TSX Venture Exchange and the Plan, the modification of the exercise price of 155,556 of the options concerned (the “Insider options”) held by Kejda Qorri, the Company’s Chief Financial Officer, is subject to the approval of the Company’s disinterested shareholders. The Company intends to submit to its shareholders the approval of the modifications to the insider options at its next meeting of shareholders. Changes to the Covered Options are subject to the approval of the TSX Venture Exchange (including obtaining Disinterested Shareholder Approval of the Changes to the Insider Options).
About the rivalry:
Rivalry Corp. 100% owned and operated Rivalry Limited, a sports betting and media leader offering fully regulated online esports, traditional sports and casino betting for the next generation of bettors. Based in Toronto, Rivalry operates a global team in over 20 countries and continues to grow. Rivalry Limited has held a license in the Isle of Man since 2018, considered one of the leading online gambling jurisdictions. Rivalry holds a sportsbook license in Australia and internet gambling registration in Ontario and is currently in the process of obtaining additional country licenses. The company also offers a variety of originally developed products, including Quest, an engaging on-site experience, and an original casino game called Rushlane, a proprietary casino game that marks the creation of a new gaming category. online: massively multiplayer online games of chance. (MMOGG).
Oakstrom AdvisorsJeff Codispodi [email protected]
Cody Luongo, PR and communications[email protected]203-947-1936
Caution Regarding Forward-Looking Information and Statements
This press release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of current or historical facts are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuing”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including their negative forms, suggesting future results or that certain events or conditions “may or “will happen”. These statements are only predictions.
Forward-looking statements are based on the opinions and estimates of the Company’s management as of the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set forth in the forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown variables, risks and uncertainties, many of which are beyond the Company’s control, which may cause the Company’s actual performance and results to differ. substantially from any future projections. performance or results expressed or implied by such forward-looking statements. These factors include, among others, regulatory or policy changes such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment of the online gaming and betting industry; the success of esports and other betting products is not guaranteed; changes in public perception of the esports and online gambling industry; inability to retain or add customers; the Company having a limited operating history; negative operating cash flow; operational risks; cybersecurity risks; the impact of the COVID-19 pandemic; dependence on management; reliance on third parties and third party networks; currency risks; risks associated with cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on the availability of capital; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s prospectus dated September 17, 2021 and other disclosure documents available on the Company’s SEDAR profile at www.sedar.com.
There can be no assurance that the expectations reflected in the forward-looking statements will prove to be accurate. Although the forward-looking statements contained in this press release are based on what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such statements. forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this press release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements contained or referred to herein. , except in accordance with applicable securities laws.
No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
Source: Rivalry Corp.
Source: Rivalry Corp.