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Cineplex Entertainment Inc. Completes Asset Purchase of WorldGaming Limited

September 17, 2015

WG Limited ("WG" operating as "WorldGaming"), a provider of a leading online gaming platform that facilitates tournaments, leagues and gaming ladders for the competitive gaming community, completed the sale of its operational assets (the "Purchased Assets") to Cineplex Entertainment Inc. (TSX: CGX), one of Canada's leading entertainment companies.

WG sold the Purchased Assets for an aggregate purchase price of: (i) US$10,000,000 plus (ii) 20% ownership in a newly formed entity which will own and operate the Purchased Assets.

Wildeboer Dellelce LLP acted for WG in connection with the transaction with a team that included Perry Dellelce, Troy Pocaluyko, Jeff Hergott, Michael Rennie and Ragu Anantharajah  (corporate/securities).

Client

WG Limited
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