Mr. Yaniv Spielberg reports
BRAGG CLOSES $3M NON-BROKERED PRIVATE PLACEMENT
Further to its press release dated Dec. 10, 2020, Bragg Gaming Group Inc. has completed a non-brokered private placement offering comprising approximately 2.5 million common shares of the company at a price of $1.21 per share for aggregate gross proceeds of $3-million.
This offering was exclusively taken up by Bragg employees and board members, including board chair Richard Carter, chief executive officer Adam Arviv and chief financial officer Ronen Kanor. All board members subscribed to the offering, demonstrating their confidence in the future of the company and the exciting changes being made to further grow Bragg into a global player.
All securities issued pursuant to the offering will be subject to a hold period expiring May 14, 2021. Proceeds of the offering will be used by the company for general working capital purposes and to develop and commercialize new products. No commissions or finders' fees were paid in connection with the offering. The offering has been conditionally approved by the TSX Venture Exchange.
About Bragg Gaming Group
Bragg Gaming Group
is a next-generation gaming group with cutting-edge technology, leading brands and world-class management expertise, developing into a global gaming force. Formed by a team of gaming industry experts, Bragg's main portfolio asset is Oryx Gaming, an innovative business-to-business i-gaming platform, product aggregator, casino content, managed sports book and managed services provider.
Through this brand and targeted acquisitions, Bragg is focused on becoming a leader within the evolving global gaming industry.
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