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Global Daily Fantasy Sports Inc. Provides Update on Financing and Playgon Transaction
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2020) - Global Daily Fantasy Sports In...
About this update from Playgon Games, Inc.
[{"type":"text","content":"Global Daily Fantasy Sports Inc. Provides Update on Financing and Playgon TransactionVancouver, British Columbia--(Newsfile Corp. - June 2, 2020) - Global Daily Fantasy Sports Inc. (TSXV: DFS) (FSE: 7CR) (\"Global\" or the \"Company\") would like to provide an update in connection with the Company's proposed acquisition of Playgon Interactive Inc. (the \"Transaction\") as announced in the Company's news release dated December 2, 2019 and the Company's previously announced brokered subscription receipt financing of up to 33,333,334 subscription receipts (each, a \"Subscription Receipt\") at a price of $0.15 per Subscription Receipt for aggregate gross proceeds to the Company of up to $5,000,000 (the \"Financing\").The Company confirms there has been strong investor demand and the principal condition remaining to close the Financing is receipt of required approvals. The closings of the Financing and the Transaction have been extended to on or about June 15, 2020, subject to the approval of the TSX Venture Exchange. About Playgon Interactive Inc.Playgon is a technology company devoted to leading the innovation curve in Live Dealer Casino gaming, featuring an unrivaled mobile platform. With its 12,000 sq. ft state of the art broadcasting studio streaming live from Las Vegas, the gaming capital of the world, Playgon is providing the ultimate in interactive entertainment with first-to-market products and mobile-first strategies that are years ahead of the competition. Its cutting-edge technology and operational best practices make Playgon the best possible partner for online casinos looking to the future. Playgon's Live Dealer Casino games cover the classic and most played casino favourites, from Roulette and Blackjack to Baccarat and Casino Hold'em with new in game features and functionality to boost online casino revenues, such as bonus features, side bets, tournament functionality and other promotional tools.For further information, please visit Playgon's website at www.playgon.com.About Global Daily Fantasy Sports Inc.Global Daily Fantasy Sports Inc. (TSXV: DFS) (FSE: 7CR) is providing a multi-tenant gateway that allows operators to offer their customers a world class Daily Fantasy Sports software solution. The platform allows for seamless integration at the operator level without having to share or compromise any sensitive custom...