Blue Star Capital plc (AIM: BLU), the investing company with a focus on esports, payments, technology and its applications within media and gaming, is pleased to provide the following update regarding its investee company Leaf Mobile Inc. (“Leaf”).
Leaf (TSX.V: LEAF), a company in which Blue Star holds an investment, has reported that it has completed its acquisition of 100% of East Side Games Inc. (“ESG”) for approximately C$159 million. The consideration consisted of $19 million in cash and 444,444,444 common shares in Leaf at a price of C$0.225 per share. The remainder of the consideration is contingent upon Leaf achieving certain milestones.
