Waves e-gaming Inc. (“Waves”) operates a dedicated esports facility, connecting gamers across Canada and bringing esports tournaments to audiences and players around the world. On December 20, 2019, Amuka Ventures Inc. appointed Dodick Landau Inc. pursuant to section 243(1) of the Bankruptcy and Insolvency Act as receiver (in such capacity, the “Receiver”) of all of the assets, undertakings and properties of Waves e-gaming Inc.
The Receiver did not take possession of the Company’s premises and management remains in place overseeing the businesses’ day-to-day operations while the Receiver carries-out a stalking horse sale process.
The Receiver completed a stalking horse sales process. On February 21, 2020, the Receiver is attending Court to request the Court, among other things, to approve the stalking horse Asset Purchase Agreement and to vest the right, title and interest in, and to, the assets to Amuka Ventures Inc.