Enthusiast Gaming Holdings Inc. announced that Jordan Gnat has tendered his resignation from the board of directors of the Company. Concurrently, the company is also pleased to announce that Alex Macdonald, CEO of Enthusiast Gaming, has been appointed as a director. Additionally, the Company provided an update on its strategic review process under its special committee, now comprised of Thomas Hearne (chair), John Albright and Scott O'Neil (the "Special Committee"), pursuant to which it continues to evaluate potential refinancing and recapitalization alternatives in light of the expiry of the Company's previously announced forbearance terms with its secured lenders.
The Special Committee is assisted by Paradigm Capital Inc. in its ongoing review of strategic alternatives which remain focused on deleveraging the business and unlocking shareholder value.
