Millennial ESports Corp. (Formerly Stratton Capital Corp.) Completes Qualifying Transaction and Private Placement - Seite 2

On closing of the Transaction, former PGL shareholders (including subscribers to the Offering) received 85,449,812 Common Shares, at a deemed price of C$0.10 per Common Share. As of the date hereof, taking into account the completion of the Consolidation and the Transaction, the Company has the following issued and outstanding securities: 87,263,856 Common Shares; 4,106,382 Warrants; and 178,948 Stock Options.

Pursuant to the terms of a Tier 2 value security escrow agreement dated October 20, 2016 among the Company, Computershare Trust Company of Canada and certain securityholders, an aggregate of 12,300,000 Common Shares have been placed in escrow in accordance with TSX Venture Exchange (the "Exchange") policies.

By letter dated October 3, 2016, the Exchange issued its conditional approval of the Transaction. The Company is in the process of filing the final documents with the Exchange pursuant to the conditional approval, and the Common Shares are expected to commence trading on the Exchange under the ticker symbol "MIL" shortly after the Exchange provides its final approval and issues its final exchange bulletin confirming the completion of all conditions to listing.

Further details regarding the Transaction are contained in the press releases of the Company dated May 16, 2016 and October 7, 2016 and the Filing Statement, which are accessible on SEDAR.

About Millennial ESports Corp.

The Company, through its subsidiary PGL, operates ProGamingLeague.com, an eSports platform and online community, which provides gamers with a variety of online competitions, leagues and ladders giving them an opportunity to win prizes and garner recognition within the global eSports community. PGL's production division delivers turnkey tournament and event planning, coordination and logistics. Finally, PGL owns and operates some of the leading mobile apps related to eSports (LoL Champions). PGL was launched in 2013 with the ultimate goal to unite the most popular eSports communities on a single entertainment platform and is quickly becoming a favoured online destination for eSports enthusiasts from around the globe. In addition, PGL provides turnkey solutions in an effort to give game publishers, consumer brands and other partners exposure and influence on a targeted audience, thereby enabling them to generate new revenue streams by leveraging this unique and highly sought after global demographic.