World Mahjong Ltd. today announced effective November 30, 2015 that it has been approved for listing on the Canadian Securities Exchange (CSE) and commenced trading effective December 1, 2015 under the stock symbol “WSM”.
World Mahjong Ltd. , is the owner and organizer of the World Series of Mahjong© (WSOM) tournament in Macau, as well as organizer of tournaments in China, Hong Kong, Taiwan, Japan, Philippines, Australia and Canada. World Mahjong Ltd. also owns the WSOM Rules© and operates and licenses digital, mobile and online tournaments to major online and mobile Mahjong game operators in Asia. Finally, World Mahjong Ltd. creates digital and video content licensed to broadcasters around the world reaching over 150M households.
WSM has completed a private placement for the issue of 2,019,500 shares at a price of C$0.45 per share thereby raising C $908,775. World Mahjong Ltd. intends to use net proceeds from the offering to fund accelerated digital game and asset development, user/player acquisition, branded content creation and distribution, and on-going operations related to the operation of a global network of Mahjong tournaments throughout calendar 2016.
“We are very pleased to list on the Canadian Securities Exchange,” said John Hardyment, CEO, World Mahjong Ltd. “The CSE is well-known as a reputable, stable and liquid exchange with a strong focus on high-growth companies such as ours. We intend to cement our position as the Number One Mahjong brand in the world and better service the over 700 million active Mahjong players globally.”
The Company also wishes to announce that it has granted incentive stock options to purchase 4,500,000 shares of the Company at $0.45 per share exercisable in whole or in part over a three year term.
ABOUT WORLD MAHJONG LTD:
The World Series of Mahjong is owned and managed by World Mahjong Limited. World Mahjong Limited was founded by a team of international media, technology and entertainment professionals who are based in the Greater China region and well-versed in the management of high-profile international sporting and entertainment events.
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The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
The information provided in this news release, including information incorporated by reference, may contain “forward-looking statements” about World Mahjong Limited. All statements, other than statements of historical fact, made by World Mahjong Limited that address events or developments that World Mahjong Limited anticipates may or may not occur in the future are forward-looking statements.
These statements are based on information currently available and the current expectations of World Mahjong Limited and assumptions concerning future events, which are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from that which was expressed or implied by such forward-looking statements, including, but not limited to, risks and uncertainties related to: World Mahjong Limited’s limited operating history, additional capital requirements and liquidity, legal and regulatory risks of operating in Asia and other foreign countries, foreign operations in Taiwan, Macau and other regions and countries, the renewals of World Mahjong Limited’s trademarks, changes in consumer preferences, the availability and cost of venues, technology solutions, server capacity, and access to networks and the Internet, its operating costs, the pricing of its products and services on the various markets in which it carries on business, and World Mahjong Limited’s plans to market, sell and distribute its products and services.
With respect to the forward-looking statements contained herein, although World Mahjong Limited believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements, because no assurance can be given that they will prove to be correct or that the anticipated results or developments will actually be realized or, even if realized, that they will have the expected consequences to or effects on World Mahjong Limited. World Mahjong Limited undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required under securities legislation.