NetworkNewsBreaks – Playgon Games Inc. (TSX.V: D
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Posted On: 11/17/2021 3:30:04 PM
NetworkNewsBreaks – Playgon Games Inc. (TSX.V: DEAL) (OTCQB: PLGNF) (FRA:7CR) Secures Capital Injection, Poised to Execute on Growth Strategy
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 completion of its previously announced non-brokered private placement of units of the company for aggregate gross proceeds of $10,491,334 (the “offering”). As part of the offering, Playgon issued 34,971,112 units, each at a price of $0.30 (the “offering price”), which consisted in the issuance of 34,971,112 common shares of the company and 17,485,556 common share purchase warrants, 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 offering. “With this capital injection secured and our business now gaining significant traction, Playgon is well positioned to execute on our growth strategy, including adding more development and support resources, increased sales and marketing activity in strategic markets, adding more tables and building a new studio to support the growth we are experiencing. We continue to add and onboard additional operators to our iGaming platform,” said Darcy Krogh, CEO of Playgon Games. “I would like to thank both our many existing and new shareholders for supporting our vision. These are exciting times for Playgon, I look forward to keeping the market updated on developments over the coming weeks and months to enhance shareholder value.”
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 completion of its previously announced non-brokered private placement of units of the company for aggregate gross proceeds of $10,491,334 (the “offering”). As part of the offering, Playgon issued 34,971,112 units, each at a price of $0.30 (the “offering price”), which consisted in the issuance of 34,971,112 common shares of the company and 17,485,556 common share purchase warrants, 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 offering. “With this capital injection secured and our business now gaining significant traction, Playgon is well positioned to execute on our growth strategy, including adding more development and support resources, increased sales and marketing activity in strategic markets, adding more tables and building a new studio to support the growth we are experiencing. We continue to add and onboard additional operators to our iGaming platform,” said Darcy Krogh, CEO of Playgon Games. “I would like to thank both our many existing and new shareholders for supporting our vision. These are exciting times for Playgon, I look forward to keeping the market updated on developments over the coming weeks and months to enhance shareholder value.”
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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