East Side Games settles Truly Social Games litigation for CAD 3 million cash, warrants

  • East Side Games Group reached a settlement with Truly Social Games, resolving all claims tied to a June 16, 2021 purchase agreement.
  • Settlement calls for CAD 3 million cash: CAD 1 million due within 30 days, remaining CAD 2 million paid in four equal installments over two years.
  • Truly Social will receive 3,000,000 warrants exercisable at $0.14 per share, expiring Nov. 24, 2028; warrants require TSX acceptance.
  • Company also agreed to an 8% royalty on gross revenue from one game, capped at $15 million.
  • Trial set for May 25, 2026 was adjourned; dismissal order to be entered once settlement terms are fulfilled.


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