FirePower Capital Advises Telos Entertainment Inc, in Connection with $28.2MM Reverse Takeover
FirePower Capital, a leading investment bank for the Canadian private mid-market sector, is pleased to announce that it acted as a special advisor to Telos Entertainment Inc. (“Telos”), with regards to its go-public transaction by way of reverse takeover with Kingsman Resources Inc. (TSXV: KSM) and Contagious Sports Ltd. (the, “RTO”). The resulting issuer has been renamed Contagious Gaming Inc. (“Contagious Gaming”) and trades on the TSX Venture Exchange under the symbol CNS.
In connection with the RTO Contagious Gaming completed a concurrent offering of common shares for gross proceeds of $6,002,800. The transaction closed on September 19, 2014, and trading commenced on September 23.
Telos is a developer and provider of mobile and web-based gaming content, creating online lottery offerings, iGaming, and social games for third parties Based in Prince Edward Island, Telos’s third party development serves large customers including Zynga, Playtech and Williams Interactive, and its ‘Timeless Gems’ title was recently featured on NewsWatch’s AppWatch.
Sean Yeomans, CEO of Telos, commented: “Firepower was a core advisor to Telos, guiding us, initially in evaluating our strategic options, and then through the go- public transaction.
About FirePower Capital
FirePower Capital’s Investment Banking Group focuses exclusively on advising Canadian small- to mid-sized enterprises on their strategically important financing and mergers & acquisitions transactions. FirePower Capital is based in Toronto, Canada.
For more information, please contact:
VP, Transaction Advisory Services
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