Intema Solutions Inc. (OTCMKTS:ITMZF) Stock Falls 18% In a Month

Shares of Intema Solutions Inc. (OTCMKTS:ITMZF) have been moving within a narrow range over the past week.

Market Stats

On Thursday, ITMZF stock ended flat at $0.2447 with more than 2.5k shares, compared to its average volume of 1.9K shares. The stock has moved within a range of $0.2447 – 0.2447 after opening trading at $0.2447.

$1.6 Million received by Intema Solutions from Warrants Exercise

Intema Solutions Inc. announced on January 6, 2022, about receiving proceeds of $1,574,400 from the exercise of warrants into 13,120,000 common shares of the company.

A shareholders meeting was held virtually on January 4, where shareholders gave the go-ahead to all resolutions mentioned in the management proxy circular dated December 6, 2021, which included the election of directors, appointment of MGO LLP as the new auditors of the company for the coming year and approval of a 10% rolling stock option plan.

Laurent Benezra, President and Chief Executive Officer of Intema, is thrilled at the latest developments.  He is also ecstatic at the support shown by shareholders at the annual meeting. He stated that the company worked on strengthening the base for their esport and iGaming eco-system in 2021, so 2022 will focus on closing and integrating latest acquisitions and generating revenues for the next phase of growth.

Elected board members for the coming year are Laurent Benezra, Michael Wagen, Michael Curtis, Arthur Manteris, Philip Nolan, Marc Brassard and Jessica Nicole Di Rito. The company name is also about to undergo a change, with it being known as Gaming Group Inc. It is all set to become official when the transaction with Livestream Gaming Ltd. closes.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.