Dec 18 (Reuters) - Enthusiast Gaming Holdings Inc EGLX.V :
* ENTHUSIAST GAMING TARGETS MOBILE GAMING MARKET WITH LOI TO ACQUIRE STEEL MEDIA, THE LEADING GLOBAL MOBILE GAMING MEDIA AND EVENTS COMPANY
* ENTHUSIAST GAMING HOLDINGS INC - PURCHASE PRICE IS EXPECTED TO BE IN RANGE OF USD $2.5 MILLION PLUS EARN-OUT AMOUNT BRINGING IT UP TO USD $3 MILLION