Rivals raises CA$10m in unusual financing.
Esports betting operator and media business Rivalry announced it will be receiving CA$10m ($7.3m/ €6.6m/ £5.9m) in new strategic financing through the issuance of new stock. Rivalry will raise the financing by issuing up to 6,666,666 subordinate voting shares at a price of $1.50 per share. The business said that online bookmaker Pinnacle, alongside a