Opal Energy Corp.

Opal Energy Corp.

February 16, 2016 08:00 ET

Opal Energy Target Versus to Present at D.I.C.E Summit

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 16, 2016) - Opal Energy Corp. (CSE:OPA) (the "Company" or "Opal") is pleased to announce that Versus LLC ("Versus") will be speaking at the upcoming 2016 D.I.C.E. Summit in Las Vegas February 16- 18th.

Versus is pleased to attend this world class conference, as well as host a round table on the subject of "eSports and pay to play gaming." D.I.C.E. (Design, Innovate, Communicate, Entertain) Summit is an annual multi-day gathering of video game executives held in Las Vegas, Nevada. Established in 2002 by the Academy of Interactive Arts & Sciences, the conference is host to the annual Entertainment Software Association's Interactive Achievement Awards. The conference differs from other conferences in the industry in its emphasis on the business and production end of the industry, with a focus on trends and innovations in video game design. The conference specializes in providing a more intimate, orderly venue for select industry leaders to network. Attendees include Electronic Arts, Kojima Productions, Activision Blizzard, DelTorroFilms, Sony, Wargaming, Bethesda Game Studios.

Versus CEO Matthew Pierce comments "We are looking forward to being a part of DICE this year - it's a fantastic opportunity to discuss the state of gaming alongside the people that lead the industry. Talking about Versus, pay-to-play matches, real-money, e-sports, and gaming for downloadable content - this is the event were we can talk about the future of gaming with the people that will shape it." For more information on the D.I.C.E. Summit please visit http://www.dicesummit.org/

Further Information

Further details about the previously announced proposed transaction (the "Transaction") between the Company and Versus will be provided in a comprehensive press release if the parties enter into a definitive agreement. The Transaction, if completed, will constitute a fundamental change pursuant to CSE policies.

Completion of the Transaction is subject to a number of conditions, including but not limited to acceptance by the Canadian Securities Exchange (the "CSE"), completion of mutual due diligence and approval of the Opal and Versus shareholders. There can be no assurance that the Transaction will be completed as proposed or at all.

Reader Advisory

This press release contains forward-looking information based on current expectations. Statements about the closing of the Transaction, expected terms of the Transaction, the number of securities of Opal that may be issued in connection with the Transaction, the ownership of Opal, the requirement to obtain shareholder approval and the parties' ability to satisfy closing conditions and receive necessary approvals are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Transaction will occur or that, if the Transaction does occur, it will be completed on the terms described above. Opal assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

Neither the Canadian Securities Exchange nor its regulations services provider have reviewed or accept responsibility for the adequacy or accuracy of this release.

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