Tova Ventures II Inc. (TSXV: TOVA.P) (the "Company" or "Tova") is pleased to announce that further to a news release dated January 3, 2018, it has entered into a definitive business combination agreement dated June 11, 2018 (the "Business Combination Agreement") with Enthusiast Gaming Inc. ("Enthusiast"), a privately-held Toronto based digital media corporation focused on the gaming industry. The Business Combination Agreement is structured as a three-cornered amalgamation (the "Transaction") under the Business Corporations Act (Ontario) (the "BCA"). As a result of the Transaction, Enthusiast will become a wholly-owned subsidiary of Tova. Upon completion of the Transaction, it is intended that Tova will change its name to "Enthusiast Gaming Inc." (the "Resulting Issuer"). The Transaction is subject to the receipt of all necessary regulatory and shareholder approvals as well as the satisfaction of conditions to closing as set out in the Business Combination Agreement. Subject to the approval of the TSX Venture Exchange (the "Exchange"), the Transaction will constitute Tova's Qualifying Transaction under the Exchange Policy 2.4 — Capital Pool Companies (the "CPC Policy"). The Company intends to list its common shares on the Exchange as a Tier 2 Technology Issuer upon completion of the Transaction.

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LONDON, UK / ACCESSWIRE / February 01, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Communication Services industry: Shaw Communications, BCE Inc., Rogers Communications, and NTG Clarity Networks. Access our complimentary up-to-the-minute research reports by becoming an online member now: