Enthusiast Gaming Inc., a leading media and technology gaming company, closed a private placement offering of subscription receipts co-led by Haywood Securities Inc. and Canaccord Genuity Corp. (the "Lead Agents") and including Interward Asset Management Ltd. and PowerOne Capital Markets Limited (collectively, with the Lead Agents, the "Agents") for gross proceeds of $7,736,625 (the "Brokered Financing") on June 19, 2018. Concurrently with the Brokered Financing, Enthusiast completed a non-brokered offering of Subscription Receipts for gross proceeds of $762,500 (the "Non-Brokered Financing" and together with the Brokered Financing, the "Offering") resulting in the aggregate gross proceeds of the Offering being $8,499,125. The Offering was completed in connection with the proposed business combination (the "Transaction") between Enthusiast and Tova Ventures II Inc., which is intended to constitute Tova's "Qualifying Transaction" pursuant to Policy 2.4 of the TSX Venture Exchange.

Minden Gross LLP acted for Enthusiast with a team that included Andrew Elbaz (Partner) – Securities and Capital Markets; Yosef Adler (Partner) - Business Law, Alexandra (Sasha) Toten (Associate) – Securities and Capital Markets, and Spencer Bailey (Associate) – Securities and Capital Markets.