- Online gaming tournament platform Esports Mogul (ESH) enters a trading halt in regards to an upcoming capital raising
- The company will remain in the halt until December 20 or when more details are released, whichever occurs first
- On December 15, Esports saw its share price take a hit after announcing the resignation of its CEO, Michael Rubinelli
- On the same day, the company also announced Non-Executive Director Chris Bergstresser had been appointed as Executive DIrector
- Shares in Esports last traded at 0.6 cents on December 15
Online gaming tournament platform Esports Mogul (ESH) has entered a trading halt in regards to an upcoming capital raising.
The company will remain in the halt until December 20 or when more details are released, whichever occurs first.
Esports is yet to disclose how much it intends to raise or what it will use the funds for once received.
On December 15, Esports saw its share price take a hit after announcing the resignation of its CEO, Michael Rubinelli.
Mr Robinelli will work with Esports to ensure an orderly transfer and will depart the company once this is complete.
Esports also announced Non-Executive Director Chris Bergstresser had been appointed as Executive Director.
Mr Bergstresser is a senior entertainment executive with 30 years of experience founding, buying and building companies in the gaming and mobile sectors.
Prior to joining Esports, Mr Bregstresser was Group Chief Operating Officer of Nasdaq-listed Enad Global 7 where he was responsible for building the expansion of the company.
Shares in Esports last traded at 0.6 cents on December 15. The company has a $17.41 million market cap.