Mr. James Morel reports
LOTTOGOPHER HOLDINGS CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT OF CAD$1.5 MILLION
Lottogopher Holdings Inc. has completed the final closing of the previously announced financing (refer to news release dated June 1, 2018). The company closed more than the targeted maximum, raising gross proceeds of $1,518,625 at 7.5 cents per common share through the issuance of 20,248,333 shares.
All securities issued in connection with the second tranche of the offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation ending on Nov. 12, 2018. The net proceeds from the offering will primarily be used for general working capital, acquisitions and marketing purposes.
Proceeds of the private placement will be used for working capital and customer acquisition.
About Lottogopher Holdings Inc.
Lottogopher is a lottery messenger service that allows users to easily order and manage their state lottery tickets on-line using a debit or credit card. By allowing individuals to choose their numbers and safely order tickets for the official lottery drawings in California, Lottogopher makes it simple for users to keep track of their tickets and winnings. With Lottogopher, individuals can either play alone with a single ticket or create and join on-line public and private groups to pool winnings from California lotteries, including Mega Millions, Powerball and SuperLotto Plus. Lottogopher also enables users to stay up to date on the latest drawings, track their tickets and collect winnings.
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