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About Credent

Developer and manufacturer of small diameter vascular grafts (artificial blood vessels). The company's product is a self-sealing vascular access graft. Vascular grafts are used to repair or replace a diseased or damaged segment of the cardiovascular system. They are also used to provide routine vascular access to the circulatory system of patients in renal failure who require haemodialysis.

Credent Headquarter Location

Cambrian House Brymbo

Wrexham, LL11 5EA,

United Kingdom

44 197 875 2952

Latest Credent News

Credent Capital and Good Gamer provide update on Qualifying Transaction

Jul 17, 2021

A A VANCOUVER, BC, July 16, 2021 /PRNewswire/ - Credent Capital Corp. (the "Company") and Good Gamer Corp. ("Good Gamer") are pleased to provide an update on the proposed Qualifying Transaction between the Company and Good Gamer. As previously announced on December 24, 2020 and February 1, 2021, the Company has agreed to acquire all of the issued and outstanding securities of Good Gamer (the "Proposed Transaction"). The Proposed Transaction will be a reverse takeover of the Company by Good Gamer and its shareholders. Good Gamer is pleased to announce that it is focusing its resources on its North American GoodGamer Esports Tournament Management Platform (see Good Gamer news release dated April 21, 2021). The Tournament Management Platform allows iOS and Android mobile game publishers the opportunity to integrate real money competitions to their skill based mobile casual games and connecting gamers around the word by allowing them to responsibly compete for real-prize money. Offering configurable head-to-head and multi-player tournaments as well as a dynamic leaderboard feature, the Tournament Management Platform caters to all categories of skill-based mobile casual games and players from all popular gaming genres as well as more niche selections. The Tournament Management Platform enables gaming publishers to add an additional source of revenue to their games by integrating the GoodGamer Software Design Kit (SDK). The Tournament Management Platform includes a number of key features that gamers will find beneficial, including a variety of tournament types, loyalty rewards, player rankings and a highly responsive customer support service layer. Previously, Good Gamer was focusing its resources in operating a fantasy sports app in India. The management team of Good Gamer elected to shut down its fantasy sports operations in India due to lack of games in a regular cricket schedule, deposits averaging small amounts, high competition with other companies and an unstable economic landscape surrounding fantasy sports and Esports in India. Further, the COVID-19 pandemic caused the largest cricket league in India to greatly suffer, which further exasperated Good Gamer's operations in India. The Transaction The Proposed Transaction will be affected by way of a three-cornered amalgamation among the Company, Good Gamer and a subsidiary of Credent ("Credent Sub"). Pursuant to the Proposed Transaction, holders of the issued and outstanding common shares of Good Gamer (the "Good Gamer Shares") will receive one Credent Share (as they exist on a post-Consolidation basis) for each Good Gamer Share held (the "Exchange Ratio"). It is anticipated that approximately 30,414,088 new Credent Shares will be issued under the Proposed Transaction. Pursuant to the Proposed Transaction, all existing securities convertible into Good Gamer Shares shall be exchanged, based on the Exchange Ratio, for similar securities to purchase Credent Shares on substantially similar terms and conditions. On or immediately prior to the completion of the Proposed Transaction, it is anticipated that: (i) the Company will effect a name change to "Good Gamer Entertainment Inc."; and (ii) the Company will consolidate the issued and outstanding common shares in the capital of the Company (the "Credent Shares") on the basis of one "new" Credent Share for every five "old" Credent Shares issued and outstanding (the "Consolidation"). There is currently an aggregate of 4,250,000 Credent Shares issued and outstanding. As a result of the Consolidation, there will be 850,000 Credent Shares issued and outstanding on a post-Consolidation basis. Prior to closing of the Transaction, Credent will settle corporate indebtedness of $139,000 by issuing 347,500 post-Consolidation Credent Shares at a price of $0.40 per share (the "Debt Conversion"). In conjunction with closing of the Proposed Transaction, Credent will also pay a finder's fee to Madale Investment Corp., an arm's length party, of 1,000,000 post-consolidation Credent Shares and 1,000,000 share purchase warrants subject to TSX Venture Exchange approval. Each warrant will be exercisable at $0.40 per share for a period of two years from the date of issue. The shares will be issued at a price of $0.40 per share for total value of $400,000. The Proposed Transaction is subject to certain customary conditions as well as: Shareholder approval of Good Gamer and no more than 5% of the shareholders of Good Gamer exercising dissent rights; Completion of the RTO Offering; Completion of the Consolidation by the Company; Completion of the Debt Conversion by the Company; Acceptance of the TSX Venture Exchange and, if applicable, consents or approvals from any other regulatory body; No material adverse change of Good Gamer or the Company; and The resignation of the current directors and officers of the Company and he appointment of the nominees of Good Gamer to the resulting issuer. The Proposed Transaction is an arm's length transaction in accordance with the policies of the TSX Venture Exchange and is not subject to the approval of the shareholders of the Company. The Company is not required to obtain shareholder approval in connection with the Name Change and the Consolidation pursuant to the Articles of the Company and applicable corporate law. No Non-Arm's Length Parties to Credent hold a director or indirect beneficial interest in the Target. None of the Non-Arm's Length Parties to Credent are insiders of the Target. There is no relationship between the Non-Arm's Length Parties to Credent and the Non-Arm's Length Parties to the Qualifying Transaction (as defined by the rules of the TSX Venture Exchange). Financing In conjunction with the Proposed Transaction, the Company completed a non-brokered private placement of 10,000,000 subscription receipts (a "Subscription Receipt") at $0.40 per Subscription Receipt for total proceeds of $4,000,000 (the "RTO Offering"). Each Subscription Receipt, prior to the closing of the Proposed Transaction, will automatically convert into one common share of the Good Gamer and one-half of one share purchase warrant of the Good Gamer (each a "Good Gamer Warrant"), with each whole Good Gamer Warrant exercisable into one common share of Good Gamer at an exercise price of $1.00 per share for a period of two years (the "Expiry Date"), for no additional consideration upon the satisfaction of certain escrow release conditions, including the conditional approval of the TSX Venture Exchange for the Proposed Transaction and satisfaction or waiver of all conditions precedent to the Transaction as set out in the Definitive Agreement. The Expiry Date of the Good Gamer Warrants may be accelerated if the average closing price of the resulting issuer's common shares is equal to or greater than $1.65 per share for a period of 10 trading days. The common shares to be issued on conversion of the Subscription Receipts will be subject to the following voluntary lockup:  33% will be free trading on the listing date, 33%will be subject to restrictions on resale for three months after the listing date; and 34% will be subject to restrictions on resale for six months after the listing date. These voluntary restrictions will be in additional to any seed share resale restrictions or escrow restrictions, if applicable, under the policies of the TSX Venture Exchange. In connection with the RTO Offering, Good Gamer will pay finders a fee of $188,455 and 411,137 Good Gamer Warrants exercisable at $1.00 for a period of one year from the date of issue. The finders fees will be payable as follows: $165,455 to Haywood Securities Inc. and 411,137 share purchase warrants, $12,000 to Canaccord Genuity Corp., $8,000 to PI Financial Corp. and $4,000 to Leede Jones Gable Inc. The finders are arm's length parties to the Company and Good Gamer. The proceeds from the financing will be used for user and mobile game publisher acquisitions, enhancements to the Tournament Management Platform, acquiring new mobile games for the Tournament Management Platform and ongoing general and administrative expenses over the next twelve months. Post-Transaction Capital Structure Upon closing of the Proposed Transaction, the Company anticipates the following will be the issued and outstanding shares of the resulting issuer: Common Shares

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