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National Hockey League’s Montreal Canadiens, Phil Kessel and Carl Hagelin join OverActive’s Ownership Group

April 13, 2021 (TORONTO, ONTARIO) – OverActive Media Corp. (OverActive) announced today a second closing on their previously announced private placement, bringing the aggregate gross proceeds of their brokered and non-brokered financings to over $40 million.

OverActive also announced that the NHL's Montreal Canadiens joined the ownership group as part of the funding. This strategic investment in OverActive is the Canadiens' first move into the esports industry and signals their clear intention to play a leadership role in the space.

"We are thrilled to be joining this already strong partnership group led by the Kimel family, Sheldon Pollack and Bell. We have been following the incredible progress of the OverActive Media team for more than two years. They are an impressive operation and clearly a leading organization in the global esports industry. We could not be more excited for our future together," said Geoff Molson, President, CEO and Co-Owner of the Canadiens.

"We are beginning to manifest our vision for building a world leading sports and entertainment organization for a new generation of fans – and who better to inform that strategy than to partner with one of the single most successful sport franchises of all time," said Chris Overholt, President and CEO of OverActive Media. "We have much to learn from Geoff Molson and his team, and we look forward to a long and successful partnership with the Canadiens and their leadership group.”

OverActive is also excited to announce that Phil Kessel of the Arizona Coyotes and Carl Hagelin of the Washington Capitals have joined OverActive's list of celebrity and athlete owners. These current NHL stars join Toronto Maple Leafs star forward Mitch Marner and Canadian Grammy Award winning music artist The Weeknd, who were announced previously as members of the OverActive ownership team.

"We are proud of the tremendous momentum we have gathered ahead of our planned public listing," added Overholt. "Announcing the addition of the Montreal Canadiens, Phil Kessel and Carl Hagelin to our ownership group is a tremendous honour. We are humbled by their interest and incredible support for our business.

TD Securities Inc. acted as the lead agent on the Brokered Offering along with a syndicate of agents including Cormark Securities Inc., Echelon Wealth Partners Inc. and Eight Capital.

Paulo Senra
Paulo Senra Head of Communications and Public Relations, OverActive Media



About OverActive Media

OverActive Media (TSXV:OAM) is headquartered in Toronto, Ontario, with operations in Madrid, Spain and Berlin, Germany. OverActive’s mandate is to build an integrated global company delivering sports, media and entertainment products for today’s generation of fans with a focus on esports, videogames, content creation and distribution, culture, and live and online events. OverActive owns team franchises in (i) the Overwatch League, operating as the Toronto Defiant, (ii) the Call of Duty League, operating as the Toronto Ultra, (iii) the League of Legends European Championship (“LEC”), operating as the MAD Lions, (iv) the Superliga, operating as the MAD Lions Madrid, and (v) Flashpoint, operating as MAD Lions Counter Strike:Global Offensive (a franchised league operated by B Site Inc., a company in which OverActive holds a minority interest), as well as other non-affiliated CS:GO tournaments and leagues. OverActive also operates both live and online events, operating as OAM Live and maintains an active social media presence with its fans and community members, operates fan clubs, and other fan related activities that increase the reach of its brands.