Business
Acquisition of Securities of Playgon Games Inc.
Acquisition of Securities of Playgon Games Inc. Canada NewsWire VANCO...
About this update from Playgon Games, Inc.
[{"type":"text","content":"\n \n \n \n Acquisition of Securities of Playgon Games Inc.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 17, 2021\n \n /CNW/ - Ms.\n \n Kathleen Crook\n \n announces that on\n \n November 16, 2021\n \n , she acquired 3,333,333 units (\"\n \n Units\n \n \") of Playgon Games Inc. (the \"\n \n Company\n \n \") at a price of\n \n CDN$0.30\n \n per Unit for an aggregate purchase price of\n \n CDN$999,999.90\n \n . The Units consisted of 3,333,333 common shares of the Company (\"\n \n Common Shares\n \n \") and 1,666,667 Common Share purchase warrants (\"\n \n Warrants\n \n \"), with each whole Warrant entitling the holder thereof to acquire one Common Share at an exercise price of\n \n $0.50\n \n per Common Share for a period of 24 months following closing of the Offering (as defined below).\n \n \n The Units were acquired as part of a previously announced non-brokered private placement of the Company consisting in the issuance of 34,971,112 Units for aggregate gross proceeds to the Company of\n \n CDN$10,491,334\n \n (the \"\n \n Offering\n \n \"). The other Units were sold by the Company to other investors in the Offering.\n \n \n Prior to the Offering, the Ms. Crook previously held 28,000,000 Common Shares in the capital of the Company, representing approximately 13.10% of the total issued and outstanding shares of the Company prior to the completion of the Offering. As a result of the Offering, Ms. Crook currently holds or controls, directly or indirectly, 31,333,333 Common Shares and 1,666,667 Warrants, which represents approximately 12.59% of the 248,794,698 Common Shares currently outstanding without giving effect to the exercise of any Warrants, and approximately 13.18% of the 250,461,366 Common Shares outstanding on partially diluted basis after giving effect to the exercise of the Warrants beneficially owned by Ms. Crook, without giving effect to the exercise of any other Warrants under the direction or control of Ms. Crook or any other party, or the exercise or conversion of any other ou...