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Investment News


SEVEN ACES LIMITED ANNOUNCES CORPORATE UPDATES

(Toronto: November 14, 2019) Seven Aces Limited (the "Corporation" or "Aces") (TSXV: ACES) is pleased to announce the following corporate updates: Kurt Freedlund Appointed to Board of Directors

The Corporation is pleased to announce that Mr. Kurt Freedlund has been appointed to the board of directors of the Corporation. Mr. Freedlund, a resident of Georgia, earned his law degree from Northwestern University and was called to Illinois State Bar in 1982. He practiced corporate and commercial real estate law in Chicago for eight years before serving as Executive Deputy Director and General Counsel of the Illinois State Lottery in 1994 where he remained for 10 years. In 2004 he would go on to serve as COO and General Counsel of the Georgia Lottery Corporation. He was instrumental in the development of the Georgia COAM industry while actively being involved in the daily operation of the lottery and implementing several initiatives, which included developing and installing GLC-operated lottery stores at Hartsfield-Jackson Airport and the launch of iGaming. Since February 2014, Mr. Freedlund has served as President of LottoInteractive Inc., a mobile lottery games platform.

"We are delighted to add an individual with the pedigree of Mr. Kurt Freedlund to our Board" said Manu K. Sekhri, Chief Executive Officer of Aces. "Mr. Freedlund's wealth of gaming experience in multiple jurisdictions will be an invaluable resource to our company."

Stock Option Grants
The Corporation also announces that it has granted an aggregate of 3,686,522 stock options to certain officers, directors, and employees of the Corporation pursuant to the stock option plan of the Corporation. Each of the stock options entitles the holder thereof to purchase one common share of the Corporation at a price of $1.05 until November 14, 2024.

More information on ACES is available at www.sevenaces.com.

For further information please contact Seven Aces:

Hassan Ijaz

Controller

Tel. (416) 477-3419

hassan@sevenaces.com

 

Stephanie Lippa

Office Manager

Tel. (416) 477-3411

stephanie@sevenaces.com

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This release contains certain information which, as presented, constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information involves statements that relate to future events and often addresses expected future business and financial performance, containing words such as “expect” and “intend”, statements that an action or event “may” or “will” be taken or occur, or other similar expressions. These statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Corporation to control or predict, and which may cause Quantum’s actual results, performance or achievements to be materially different from those expressed or implied thereby, including, but not limited to, risks related to the inability by Quantum to complete the Acquisition, as well as other factors discussed in the Corporation’s annual information form dated July 23, 2015, (the “Annual Information Form”) which is available on SEDAR under Quantum’s profile at www.sedar.com. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, in the Annual Information Form, and as otherwise disclosed from time to time on SEDAR under Quantum’s profile at www.sedar.com.

Unless otherwise specified in this release, information contained in this release is current as of the date of this release. Unless otherwise specified, all dollar amounts herein refer to Canadian dollars. The Corporation undertakes no obligation to update forward-looking statements except as may be required by applicable Canadian securities laws. Readers are cautioned against attributing undue certainty to forward-looking statements.