theScore, Inc. Announces Closing of $16M Private Placement Financing

     theScore, Inc. Announces Closing of $16M Private Placement Financing

PR Newswire

TORONTO, May 6, 2013

- Company to accelerate the development and marketing of its mobile sports
apps

TORONTO, May 6, 2013 /PRNewswire/ - theScore, Inc. (TSX Venture: SCR)
("theScore" or the "Company") today confirmed the closing of its $16 million
private placement financing, allowing the company to accelerate the
development and marketing of its mobile sports apps.

theScore's mobile sports platforms have achieved significant growth since
September 2009, growing from 600,000 monthly users to more than 4.2 million in
January 2013. Available across all major mobile platforms, its flagship
applications offer real-time sports news, scores, fantasy information and
alerts, alongside compelling and relevant content.

John Levy, Chairman and CEO of theScore, Inc. said: "This financing allows  us 
to ramp-up the development of some exciting new features for our mobile sports
platforms, providing sports fans with an even more immersive experience  while 
accelerating user growth across the United States."

The financing is a non-brokered private placement of 100,000,000 Class A
Subordinate Voting Shares (Class A Shares) at a price of $0.16, raising gross
proceeds of $16,000,000. Relay Ventures, a venture capital fund based in
Toronto and Silicon Valley and focused exclusively on the mobile sector, lead
the private placement purchasing 35,937,500 Class A Shares, representing
approximately 18.4% of the outstanding Class A Shares. Existing shareholders,
including Levfam Holdings Ltd. and Rogers Media Inc., also participated in the
financing.

In conjunction with this investment, a nomination rights agreement and
pre-emptive rights agreement have been executed which provides Relay Ventures
the right to nominate one director (representing the holders of Class A
Shares) to the Company's board of directors and the right to maintain a
pro-rata share position in future equity offerings. In accordance with the
nomination rights agreement, Relay Ventures' Co-Founder and Managing Partner
John Albright was appointed to the Company's board of directors. Mr. Albright
is replacing Ken Read, whose resignation was accepted by the Board.

Mr. Levy added: "We're delighted to welcome John to theScore's Board of
Directors. His experience in the mobile sector will be invaluable. I also want
to thank Ken for more than a decade of dedicated service and wish him the very
best for the future."

There are no bonuses, finder's fees,  commissions or other compensation to  be 
paid in connection with the private placement. The Class A Shares issued  upon 
completion of the  private placement will  be subject to  a hold period  under 
applicable securities laws, expiring September 4, 2013.

Canaccord Genuity Corp. provided theScore  with strategic financial advice  in 
connection with the private placement.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

No securities  regulatory authority  has either  approved or  disapproved  the 
contents of this news release. The securities being offered have not been, and
will not be,  registered under the  United States Securities  Act of 1933,  as 
amended (the "U.S. Securities Act"), or any state securities laws, and may not
be offered or sold in the United States, or to, or for the account or  benefit 
of, a "U.S. person" (as  defined in Regulation S  of the U.S. Securities  Act) 
unless  pursuant  to  an  exemption  therefrom.  This  press  release  is  for 
information purposes  only and  does not  constitute  an offer  to sell  or  a 
solicitation of  an  offer  to  buy  any securities  of  the  Company  in  any 
jurisdiction.

About theScore Inc.
theScore's mission  is to  provide  a full  digital  service to  sports  fans, 
delivering a personalized  user experience across  all major mobile  platforms 
through our mobile apps and website. Users are provided with a  comprehensive, 
customizable service  that dispenses  real-time sports  news, scores,  fantasy 
information and alerts, alongside compelling, relevant content that allows for
seamless social sharing by users. theScore also enables advertisers to  engage 
with users  across theScore's  mobile  and web  platforms  and offers  them  a 
combination of reach, relevance, and customizable advertising and  sponsorship 
products

Forward-looking (safe harbour) statement
Statements made in this  news release that relate  to future plans, events  or 
performances are forward-looking statements.  Any statement containing  words 
such as "may", "would", "could", "will", "believes", "plans",  "anticipates", 
"estimates", "expects" or "intends" and other similar statements which are not
historical facts  contained in  this release  are forward-looking,  and  these 
statements  involve  risks  and  uncertainties   and  are  based  on   current 
expectations. Such statements reflect theScore's current views with respect to
future events and are subject to certain risks, uncertainties and assumptions.
Many  factors  could  cause  the  Company's  actual  results,  performance  or 
achievements to be materially different  from any future results,  performance 
or achievements  that may  be expressed  or implied  by such  forward  looking 
statements, including among other things, those which are discussed under  the 
heading "Risk Factors" in the Company's Listing Application as filed with  the 
TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere  in 
documents that theScore  files from  time to time  with securities  regulatory 
authorities. Should one or more  of these risks or uncertainties  materialize, 
or  should  assumptions  underlying   the  forward-looking  statements   prove 
incorrect, actual  results  could  differ  materially  from  the  expectations 
expressed in these  forward-looking statements. The  Company does not  intend, 
and does not assume any obligation, to update these forward-looking statements
except as required by applicable law or regulatory requirements.

SOURCE theScore, Inc.

Contact:

James Bigg
Manager, Communications
theScore, Inc.
Tel: 416.479.8812
Cell: 647.638.9281
Email:james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416-560-0528
Email:tom.hearne@thescore.com
 
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