NetworkNewsBreaks – Playgon Games Inc. (TSX.V: D
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Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF) (FRA:7CR), a propriety software as a service (“SaaS”) technology company delivering mobile live dealer technology to online gaming operators globally, today announced that, further to its Oct. 28 news release, it intends to upsize its previously announced non-brokered private placement (the “proposed offering”) of units of the company. According to the update, the upsized proposed offering is expected to be for gross proceeds of up to $9,000,000 through the sale of up to 30,000,000 units, each at a price of $0.30. Each unit will be comprised of one common share of the company and one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share, each at a price of $0.50, for a period of 24 months from the closing date of the proposed offering. In connection with the proposed offering, Playgon Games intends to pay certain finder’s fees to certain registered brokers in the form of cash or securities, or a combination of both, as permitted by the policies of the TSX Venture Exchange.
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