EX-21.1 5 gmgi_ex211.htm SUBSIDIARIES gmgi_ex211.htm

 

 EXHIBIT 21.1

 

SUBSIDIARIES OF GOLDEN MATRIX GROUP, INC.

 

Name

 

Place of Organization

 

Ownership

Global Technology Group Pty Ltd

 

Sydney, New South Wales, Australia

 

100% Owned

RKingsCompetitions Ltd

 

Northern Ireland

 

80% Owned*

Golden Matrix MX, S.A. DE C.V. 

 

Mexico

 

99.99% Owned

GMG Assets Limited

 

Northern Ireland

 

100% Owned

 

*  On October 27, 2022, the Company exercised its Buyout Right to acquire the remaining 20% interest in RKingsCompetitions Ltd (RKings) for a total consideration of $1,323,552, which was satisfied by the issuance by the Company to the sellers 165,444 restricted shares of the Company’s common stock, valued at $8.00 per share. The 165,444 restricted shares were issued to the sellers on November 4, 2022. On November 30, 2022, RKings filed a confirmation statement with UK’s Companies House pursuant to which the 20% minority shares of RKings were transferred to the Company effective on November 4, 2022.