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Global Daily Closes Private Placement for $1,500,000

Maxis Law represented Global Daily with a team that included Michael Varabioff and Helen Racic

Global Daily completed a further non-brokered private placement financing of an aggregate of 15,000,000 units (each a “Unit”) at a purchase price of $0.10 per Unit for aggregate gross proceeds of $1,500,000, which closed in two tranches on April 4, 2019 and July 17, 2019.  Each Unit consists of one common shares and one common share purchase warrant, with each whole warrant being exercisable to purchase one common share at an exercise price of $0.20 until 12 months from the date of issuance, subject to acceleration at the option of Global Daily if certain conditions are met.

Global Daily is a B2B technology provider of Daily Fantasy Sports (DFS) software and network, which enables its licensed customers to offer a customized and fully branded DFS Product to their end users. Global Daily trades under the symbol “DFS” on the TSX Venture Exchange.