Jan 7 (Reuters) - Enthusiast Gaming Holdings Inc EGLX.V :
* ENTHUSIAST GAMING TO ACQUIRE “THE SIMS RESOURCE”, THE WORLD'S LARGEST FEMALE VIDEO GAMING WEBSITE
* ENTHUSIAST GAMING HOLDINGS INC - DEAL FOR AGGREGATE PURCHASE PRICE OF US$20 MILLION
* ENTHUSIAST GAMING HOLDINGS - 30 PERCENT OF PURCHASE PRICE IS PAYABLE ON CLOSING AND BALANCE PAYABLE BY FIRST ANNIVERSARY DATE OF CLOSING
* ENTHUSIAST GAMING HOLDINGS INC - TO ACQUIRE 100% OF ASSETS OF SIMS RESOURCE FROM GENERATORHALLEN AB AND IBIBI HB
* ENTHUSIAST GAMING- VENDORS WILL MANAGE, OPERATE, ADMINISTER ACQUIRED ASSETS, IN PARTICULAR RELATIONSHIPS WITH TSR COMMUNITY FOR UP TO ONE YEAR
* ENTHUSIAST GAMING HOLDINGS INC - ANTICIPATES THAT IT WILL NEED TO SECURE FINANCING IN ORDER TO MEET DEFERRED PAYMENT
* ENTHUSIAST GAMING HOLDINGS INC - FOR TSR DEAL, UNTIL DEFERRED PAYMENT IS MADE, CO AGREED ON A PROFIT-SHARING SPLIT OF 70% IN FAVOUR OF VENDORS
* ENTHUSIAST GAMING -FOR TSR DEAL, WILL NOT ASSUME LIABILITIES OF VENDORS OUTSIDE THOSE ASSUMED IN RELATION TO EMPLOYMENT, SOME CONTRACTUAL OBLIGATIONS
* ENTHUSIAST GAMING HOLDINGS INC - DEAL FOR US$18 MILLION IN CASH AND US$2 MILLION IN STOCK