ESE Completes Sale of Minority Interest in GameAddik

ESE Entertainment Inc. (TSXV:ESE)(OTCQX:ENTEF), a gaming and esports company, has finalized the sale of its remaining 30% interest in 9327-7358 Quebec Inc. dba GameAddik to BPV Games Limited Partnership, an affiliate of BlackPines Capital Partners Ltd. The transaction was valued at $4,030,925 and was paid in cash upon closing.

This sale completes ESE's divestment of GameAddik, following the previous sale of a 70% interest in August 2023. The combined transactions have resulted in an enterprise value of $13 million for GameAddik.

Konrad Wasiela, ESE's CEO, stated that the transaction has generated substantial value for shareholders and positioned ESE for strategic growth. ESE obtained the necessary disinterested shareholder approval as per TSX Venture Exchange Policy 5.3.