Riverboat Growth Fund Extends Merger Deadline, Revises Financing Terms

Riverboat Growth Fund Ltd. announced an amendment to the merger agreement with Riverboat with the outside date to close the proposed transaction extended to March 31, 2025. The amendment also revises the terms of the proposed concurrent financing. Under the amended agreement, the concurrent financing will take place in three tranches: NFT Subscription Receipts, FT Subscription Receipts, and FT Share Financing.

The total aggregate proceeds of the Concurrent Financings are expected to be a minimum of $3,000,000 and a maximum of $5,000,000. The NFT Subscription Receipts are priced at $0.15 per NFT Subscription Receipt, automatically converting into one common share in the capital of Riverboat. FT Subscription Receipts are priced at $0.175 per FT Subscription Receipt, automatically converting into one common share in the capital of Riverboat that qualifies as a Flow Through Share. Riverboat may increase the size of the concurrent financings at its discretion. It is anticipated that finder's fees of up to 7.0% will be paid in connection with the Concurrent Financings

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