Approval for Upgrade to OTCQB
September 9, 2022
X1 Esports & Entertainment Ltd. Receives Approval to Trade in
the U.S. on the OTCQB
.
VANCOUVER, BC - X1 Esports & Entertainment Ltd. (CSE: XONE) (“X1” or the “Company”), a
games & media portfolio company is pleased to announce that its common shares (the “Shares”)
have been approved for trading on the OTCQB Venture Market .
On August 4, 2022 the Company began to trade on the OTC Pinks. As of September 12, 2022,
the Company’s Shares will be upgraded to trade on the OTCQB under the ticker symbol
‘XOEEF’. The Company’s Shares will continue to trade on the Canadian Securities Exchange
under the symbol “XONE”.
Mark Elfenbein, Chief Executive Officer of X1 Esports and Entertainment Ltd., commented,
"Listing X1 Esports and Entertainment Ltd. on the OTCQB provides easier access for US
institutions and retail investors. In addition, the OTCQB listing is anticipated to enhance liquidity
and broaden the Company’s shareholder base."
About X1
The Company is an esports portfolio company which owns and operates a growing esports
franchise, RixGG. The business of the Company is the competitive playing of video games by
teams for cash prizes, and operations ancillary to such competition, such as merchandising and
the hosting of tournaments.
For more information on the Company, visit www.X1Esports.com or email [email protected].
Contact
Mark Elfenbein, CEO
Cautionary Statement
This news release contains certain forward -looking information and forward -looking
statements within the meaning of applicable securities legislation (collectively “forward -
looking statements”). The use of any of the words “will”, “intends” and simi lar expressions are
intended to identify forward -looking statements. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward -looking statements. Such forward -
looking statements should not be unduly relied upon. Actual results achieved may vary from
the information provided herein as a result of numerous known and unknown risks and
uncertainties and other factors. The Company believes the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be given 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 release.