Beedie Investments Ltd. Announces Filing of Updated Early Warning Report in Relation to Enthusiast Gaming

Core Viewpoint - Beedie Investments Ltd. has completed an internal reorganization involving the transfer of common share purchase warrants and credit agreement rights related to Enthusiast Gaming Holdings Inc. to its wholly-owned subsidiaries [1][2]. Group 1: Reorganization Details - Beedie Capital transferred 42,504,187 common share purchase warrants in Enthusiast Gaming to Beedie Capital Investments and assigned its rights under a credit agreement to Beedie Capital Lending [1]. - All outstanding shares of Beedie Capital Investments and Beedie Capital Lending were transferred to Beedie Capital Holdings, making them wholly-owned subsidiaries [1][2]. Group 2: Ownership Structure - Prior to the reorganization, Beedie Capital would own or control 42,504,187 common shares in Enthusiast Gaming, representing approximately 21.08% of the issued and outstanding common shares on a partially diluted basis [3]. - Following the reorganization, Beedie Capital, through Beedie Capital Investments, continues to own or control the same number of common shares, maintaining the 21.08% ownership stake [4]. Group 3: Investment Intentions - All securities held by Beedie Capital in Enthusiast Gaming, including the warrants, are for investment purposes, with potential future actions including purchasing additional shares or selling portions of the holdings [5].