Business
Shoal Games Ltd. Announces Proposed Financing
ANGUILLA, B.W.I. / ACCESSWIRE / February 7, 2018 / Shoal Games Ltd. (TSX-V: SGW) (OTCQB: SGL...
About this update from Kidoz Inc
[{"type":"text","content":"Shoal Games Ltd. Announces Proposed FinancingANGUILLA, B.W.I. / ACCESSWIRE / February 7, 2018 / Shoal Games Ltd. (TSX-V: SGW) (OTCQB: SGLDF) (the \"Company\"), mobile software developer, publisher, and owner of Rooplay (www.rooplay.com), announces that it intends to complete a private placement financing for gross proceeds of up to US$2,500,000 (the \"Financing\"), which will consist of common shares of the Company (\"Shares\") priced at US$0.35 per share in compliance with TSX Venture Exchange (the \"Exchange\") pricing regulations.\nProceeds from the Financing are expected to be used to expand the Company's EdTech Platform Rooplay, increase the Company's partnership distribution strategy, and for general working capital.\nCompletion of the Financing is subject to Exchange acceptance and all securities issued pursuant to the Financing will be subject to a hold period of four months as required under applicable securities legislation.\nThe Securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.\nFor full details of the Company's operations and financial results, please refer to Shoal Games Ltd's. corporate website at http://investor.shoalgames.com or Shoal Games' continuous disclosure record on SEDAR.\nAbout Shoal Games Ltd.\nShoal Games Ltd. (TSX-V: SGW) (OTCQB: SGLDF) (www.shoalgames.com) is the owner of the EdTech Games Platform Rooplay (www.rooplay.com). Rooplay's pioneering curated games platform brings calm, structure and accountability for children and parents in an increasingly confusing and fragmented digital world. Empowering children with inspired play, engagement, and innovative learning prepares them for success in their futures. Rooplay is available exclusively on Android and is live worldwide in the Google Play Store. Featuring Garfield, Moomin, Mr. Men, Little Miss, and Mr. Bean, the product offers families a handpicked and growing selection of hundreds of educational games for a monthly subscription fee. The Rooplay platform uses the same subscription business model as Netflix, but substitute's passive video content with active learning games designed to inspire children to success.\nThe Private Securities Liti...