She is a Chartered Professional Accountant (CPA, CA) and Certified Internal Auditor. Shorter completed a Bachelor of Commerce with Honours at the University of British Columbia. Her governance and accounting knowledge facilitates effective implementation and oversight for financial reporting, administration and internal controls development and budgeting. She left public practice in 2011, where she acted in the capacity of audit manager with Davidson & Company LLP, a major Canadian accounting firm, and has since taken on a variety of leadership roles. Shorter most recently served as the Chief Financial Officer of X1, and has over a decade of experience in providing reporting, assurance and accounting services to publicly traded companies, including technology companies. Shorter has resigned as Chief Financial Officer of the Company, and Bobby Dhaliwal has been appointed as the Company’s Chief Financial Officer. In connection with her appointment to the Board, Ms. Samantha Shorter has been appointed to fill the vacancy on the Board. and will oversee operations with Mark Elfenbein, CEO of X1. Latika Prasad, a current director of the Company, will be appointed Chief Executive Officer and a director of RixGG Europe Ltd. Hoffmann for his contributions to the Company and wishes him well on his future endeavours. The Company also announces that Jan Hoffmann has resigned from the Company’s board of directors (the “ Board”) and as the Chief Executive Officer of the Company’s wholly owned subsidiary, RixGG Europe Ltd., which holds and operates the Company’s RixGG e-sports teams. The Company anticipates utilization of Octane’s Rocket League statistics database in launching future offerings, such as a possible Rocket League fantasy product, as discussed in X1’s prior news release dated July 25th, 2022. Octane’s robust set of filters and comprehensive data makes it an unmatched resource for the large community of Rocket League esports fans. Using the platform, fans are able to check-in live during game days to see how their favorite players and teams are performing, while coaches and commentators can use the data to draw better conclusions and create narratives around how players and teams are trending. As the primary source of statistics for Rocket League, Octane has amassed a valuable trove of data on the history and evolution of players and teams from their rookie days to playing on the world stage. Since its inception in 2017, Octane has collected data for hundreds of thousands of games and thousands of players, teams, and events. Octane is the leading Rocket League Esports statistics platform providing in-depth match statistics across the top events in the space. “As Rocket League continues to grow in global popularity, owning multiple assets within this Esport allows the opportunity to launch an all-encompassing Rocket League destination site containing breaking news, statistics, video highlights, and fantasy sports.” “ We are enthusiastic to have closed on the Octane acquisition,” said Mark Elfenbein, CEO of X1. As consideration for the acquisition of the assets compromising the business of Octane, the Company is paying a cash purchase price of US$35,000, US$17,500 of which was paid in connection with the closing of the acquisition and US$17,500 of which will be payable within 45 days after the closing date. In connection with the acquisition of the assets comprising the business of Octane, the Company has entered into consulting agreements with two individuals, who as key personnel will be responsible for the continued operation of Octane. 04, 2022 (GLOBE NEWSWIRE) - X1 Esports and Entertainment (CSE:XONE OTCQB: XOEEF FSE: ZI0) (“X1” or the “Company”), a video games and media portfolio company which owns and operates Esports assets and a leading creator economy business is pleased to announce, further to its news release dated September 15 th, 2022, it has closed its acquisition of the assets comprising of Octane.GG (“Octane”), an online statistical and news outlet focused on the popular video game, Rocket League. It is anticipated that Octane will merge into Shift to create a new destination for Rocket League fans. The acquisition is X1’s third closed post-IPO acquisition after the announcement of the closing of the Tyrus LLC acquisition on August 5 th 2022, and ShiftRLE on August 10 th 2022. Rocket League globally averages over 80M players per month 1 The transaction is anticipated to strengthen X1’s position in video game media, adding Octane’s social media followers and statistical platform at Acquisition of Octane is intended to expand X1’ s global Rocket League video games portfolio and reach to Gen Z audiences
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