Bragg Gaming receives receipt for final short form prospectus in connection with special warrant financing
Bragg Gaming Group (TSXV:BRAG) announced Thursday that it has filed a short form prospectus in the provinces of British Columbia, Alberta and Ontario and obtained a receipt from the securities regulatory authorities qualifying the distribution of 27,058,802 units.
Each unit is comprised of one common share of the company and one common share purchase warrant, with each warrant exercisable as a common share at a price of $0.76 per share at any time on or before November 29, 2020.
DEEP DIVE: Bragg Gaming moves chips to wager on US and sports betting
The prospectus also notes the distribution of 1,601,784 compensation options issuable upon exercise of 1,601,784 special warrant compensation options issued to Eight Capital, Canaccord Genuity Corp and Haywood Securities Inc as partial consideration for their services rendered in connection with the offering. Each compensation option is exercisable into a unit at an exercise price of $0.51 per unit until November 29, 2020.
The Bragg Gaming Group is a reincarnation of a gambling company called Breaking Data and debuted on the TSX Venture Exchange under the current name Bragg in December 2018.
It has three core businesses: Oryx, an online casino technology group; GiveMeSport, a sports-focused media company and Facebook’s (NASDAQ:FB) largest sports publisher with more than 26 million fans; as well as GiveMeBet, a new online sports betting brand and casino site that aims to draw viewers from GiveMeSport.
Contact Uttara Choudhury at [email protected]
Follow her on Twitter: @UttaraProactive
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/216476/bragg-gaming-receives-receipt-for-final-short-form-prospectus-in-connection-with-special-warrant-financing-216476.html
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