X1 Esports and Entertainment Ltd. (TSE:XONE) has released an update.
X1 Esports and Entertainment Ltd. has retracted its earlier announcement regarding a non-brokered unit financing related to its shift towards mineral exploration. The company will set the final terms of this financing closer to its upcoming special shareholder meeting, ensuring alignment with market conditions at that time. The financing, pending shareholder approval of the acquisition of the Manson Bay Property, will be aimed at supporting working capital and covering transaction expenses.
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