11:04 AM EDT, 08/15/2024 (MT Newswires) -- FansUnite Entertainment ( FUNFF ) on Thursday said it completed the US$37.5-million sale of its subsidiary FansUnite US, that carries on its Betting Hero business, to Hero Group.

FansUnite shares will be delisted on August 21.

A portion of the net proceeds will be returned to shareholders. The distribution, expected to total $26 million, will see shareholders receive $0.0725 per share held. The payment date for the distribution will be on or about August 29.

The company's shares were last seen up $0.005 to $0.07 on the Toronto Stock Exchange.

Price: 0.07, Change: +0.01, Percent Change: +7.69