NetworkNewsBreaks – Playgon Games Inc. (TSX.V: D
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Posted On: 11/10/2021 4:31:45 PM
NetworkNewsBreaks – Playgon Games Inc. (TSX.V: DEAL) (OTCQB: PLGNF) (FRA:7CR) to Upsize Previously Announced Financing to Further Support Growth Initiatives
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, has announced that, as a result of strong and continued investor demand and further to the company’s news releases dated Oct. 28 and Nov. 3, 2021, it intends to further 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 $10,500,000 through the sale of up to 35,000,000 units, each at a price of $0.30. Each unit will comprise one common share of the company and one half of 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 24 months from the closing date of the proposed offering. “With overwhelming demand from investors, we have elected to upsize our previously announced financing to further support our growth initiatives,” said Darcy Krogh, CEO of Playgon Games. “We are delighted with investor support and appreciate the vote of confidence in our team and our truly innovative mobile Live Dealer product.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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, has announced that, as a result of strong and continued investor demand and further to the company’s news releases dated Oct. 28 and Nov. 3, 2021, it intends to further 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 $10,500,000 through the sale of up to 35,000,000 units, each at a price of $0.30. Each unit will comprise one common share of the company and one half of 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 24 months from the closing date of the proposed offering. “With overwhelming demand from investors, we have elected to upsize our previously announced financing to further support our growth initiatives,” said Darcy Krogh, CEO of Playgon Games. “We are delighted with investor support and appreciate the vote of confidence in our team and our truly innovative mobile Live Dealer product.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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