Millennial ESports Corp. (Formerly Stratton Capital Corp.) Completes Qualifying Transaction and Private Placement

TORONTO, ONTARIO--(Marketwired - Oct. 20, 2016) - Millennial ESports Corp. (formerly Stratton Capital Corp.) (NEX:SNK.H), a corporation existing under the Business Corporations Act (Ontario) (the "Company"), is pleased to announce that, effective October 20, 2016, it has completed the previously announced acquisition (the "Transaction") of Pro Gaming League Inc. ("PGL"), a corporation existing under the Business Corporations Act (Ontario).

The Transaction was effected by way of a securities exchange (the "Securities Exchange") between the Company and PGL. Pursuant to the Securities Exchange, on closing of the Transaction, each issued and outstanding share of PGL (the "PGL Shares") was exchanged for post-Consolidation (as defined below) common shares of the Company ("Common Shares") on the basis of one (1) post-Consolidation Common Share for each one (1) PGL Share outstanding immediately prior to the closing of the Transaction. In addition, each outstanding common share purchase warrant of PGL outstanding on the date of the Transaction (the "PGL Warrants") were exchanged for common share purchase warrants of the Company ("Warrants"), on the basis of one PGL Warrant for one Warrant, with each Warrant exercisable to acquire one Common Share at $0.05 per Common Share for a period of three (3) years from the closing date of the Transaction. Upon completion of the Transaction, the Company owns 100% of the issued and outstanding shares of PGL.

On October 19, 2016, PGL completed a private placement (the "Offering") of 40,605,400 PGL Shares at a price of C$0.10 per PGL Share for aggregate gross proceeds of C$4,060,540, which includes an additional C$165,000 from the aggregate gross proceeds disclosed in the Filing Statement of the Company dated October 7, 2016 (the "Filing Statement").

Immediately prior to closing of the Transaction, the Company consolidated the issued and outstanding common shares of the Company on the basis of one (1) post-consolidation share for every four (4) pre-consolidation shares (the "Consolidation"). Furthermore, the Company has changed its name to Millennial ESports Corp. (the "Name Change") and all of the directors and officers of the Company have resigned and been replaced by the following: Alex A. Igelman - Director and Chief Executive Officer; Chad Larsson - President and Director; Robert Suttie - Chief Financial Officer; Adam Morrison - Chief Technology Officer; Ronald R. Spoehel - Director; Seth Schorr - Director; and David Fawcett - Director.