SOL Global Investments Corp. Disposes Of Shares In Frankly Inc. With Proceeds Re-Invested Into Torque ESports Corp

SOL Global does not Intend to sell any additional shares.
SOL Global’s reinvestment into Torque signifies SOL Global’s commitment to the Frankly, WinView and Torque business combination.

February 3, 2020 (Toronto, Ontario) – SOL Global Investments Corp. (“SOL Global” or the “Company”)(CSE:SOL) (OTCPK: SOLCF) (Frankfurt:9SB) announces that it disposed of 1,046,000 common shares (“Common Shares”) of Frankly Inc. (“Frankly”) (TSXV:TLK) through the facilities of the TSX Venture Exchange (the “Disposition”). The consideration received per Common Share under the Disposition was approximately $0.55, for total consideration received of $578,703. The completion of the Disposition, together with other dispositions of Common Shares by SOL Global since the last early warning report of Common Shares disposed of by the Company filed on January 27, 2020 (the “January 27 Report”) resulted in a greater than 2.0% decrease in the 11.4% Common Share holding reported in the January 27 Report.

Immediately before the completion of the Disposition, SOL Global owned 2,989,100 Common Shares, representing approximately 9.78% of the issued and outstanding Common Shares on a non-diluted basis. Following the completion of the Disposition, SOL Global now owns 1,943,100 Common Shares, representing approximately 6.36% of the issued and outstanding Common Shares on a non-diluted basis. Together with the 2,350,000 Common Share purchase warrants of Frankly currently held by SOL Global, SOL Global beneficially owns 13.04% of Frankly on a partially diluted basis.

The completion of the Disposition led to a 3.42% decrease in the Company’s security holding percentage of the issued and outstanding Common Shares. SOL Global will file an early warning report regarding the Disposition on SEDAR at www.sedar.com within two (2) business days of the filing of this
news release.

SOL Global does not anticipate disposing of any additional shares in Frankly in the immediate term.