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VANCOUVER, British Columbia, Sept. 9, 2022 (GLOBE NEWSWIRE) — X1 Esports & Entertainment Ltd. (CSE: XONE) (“X1” or”company”), a gaming and media portfolio company, is pleased to announce its common stock (“share”) is approved to trade on the OTCQB Risk Market.
On August 4, 2022, the company began trading on OTC Pinks. Effective September 12, 2022, the company’s stock will be upgraded to trade on OTCQB under the ticker symbol “XOEEF”. The company’s stock will continue to trade on the Canadian Securities Exchange under the symbol “XONE.”
Mark Elfenbein, CEO of X1 Esports and Entertainment Ltd., commented: “Listing X1 Esports and Entertainment Ltd. on OTCQB provides U.S. institutional and retail investors with easier access. In addition, the OTCQB listing is expected to enhance liquidity and expand The company’s shareholder base.”
About X1
The company is an esports portfolio company that owns and operates the growing esports franchise RixGG. The Company’s business is the conduct of video games by teams for cash prizes, as well as ancillary businesses to such competition, such as merchandising and hosting tournaments.
For more information about the company, please visit www.X1Esports.com or email info@X1Esports.com.
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Mark Ivory, CEO
Mark@X1Esports.com
Cautionary Statement
This press release contains certain forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. The use of any words in “will,” “intends,” and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated in such forward-looking statements. Undue reliance should not be placed on such forward-looking statements. Actual results may differ from the information presented here due to numerous known and unknown risks and uncertainties, as well as other factors. The company believes that the expectations reflected in these forward-looking statements are reasonable, but there can be no assurance that these expectations will prove to be correct. The company does not undertake to update these forward-looking statements except as required by law.
Neither the Canadian Securities Exchange nor its market regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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