Toronto-based NorthStar Gaming has officially finalized its previously announced reverse acquisition of Baden Resources, and will now commence trading on the TSX Venture Exchange (TSX-V).
The deal was first communicated last June when the online gaming operator revealed it had entered into an agreement with the Canadian Stock Exchange-listed company, with NorthStar becoming a Technology Issuer on the exchange.
Completion of the business combination has seen the company change its name to ‘NorthStar Gaming Holdings’.
Furthermore, its common shares from the CSE have been delisted, paving the way for listing on TSX-V under the symbol ‘BET’ starting tomorrow, Mar. 8.
“The public listing of NorthStar represents a significant milestone and we’re pleased to now provide consumers with the opportunity to become shareholders,” said Michael Moskowitz, CEO and a Founding Partner of NorthStar.
“As an organization, we’re focused on executing our strategic vision to grow our igaming market share across the province of Ontario while also looking ahead to the future with the goal of reaching other markets.”
NorthStar has also confirmed the appointment of eight new Directors to its Board, weeks after securing $12.3m investment from Playtech.
Joining NorthStar as Directors are: Moskowitz; Vic Bertrand; Brian Cooper; Chris Hodgson; Dean Macdonald; Chris McGinnis; Sylvia Prentice; and Barry Shafran.