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Playgon Clarifies Upsizing of Previously Announced Private Placement
Playgon Clarifies Upsizing of Previously Announced Private Placement Canada New...
About this update from Playgon Games, Inc.
[{"type":"text","content":"\n \n \n \n Playgon Clarifies Upsizing of Previously Announced Private Placement\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 3, 2021\n \n /CNW Telbec/ -\n \n Playgon Games Inc.\n \n (TSXV: DEAL) (OTCQB: PLGNF) (\n \n Frankfurt\n \n : 7CR) (\"\n \n Playgon\n \n \" or the \"\n \n Company\n \n \"), a propriety SaaS technology company delivering mobile live dealer technology to online gaming operators globally, is pleased to announce that, further to the Company's news releases dated\n \n October 28, 2021\n \n and\n \n November 3\n \n , 2021, it intends to upsize its previously announced non-brokered private placement (the \"\n \n Proposed Offering\n \n \") of units of the Company (\"\n \n Units\n \n \"). The upsized Proposed Offering is expected to be for gross proceeds of up to\n \n $9,000,000\n \n \n \n through the sale of up to 30,000,000 Units at a price of\n \n $0.30\n \n per Unit (up from the previously announced intention to raise up to\n \n $5,000,000\n \n ). Each Unit will be comprised of one common share of the Company (\"\n \n Common Share\n \n \") and one half of one Common Share purchase warrant (\"\n \n Warrants\n \n \"), with each whole Warrant entitling the holder thereof to acquire one Common Share at a price of\n \n $0.50\n \n per Common Share for a period of 24 months from the closing date of the Proposed Offering. The press release issued by the Company on\n \n November 3, 2021\n \n mistakenly stated that the Units would be comprised of one Common Share and one Warrant.\n \n \n The maturity date of the Warrants will be subject to prior acceleration following closing of the Proposed Offering, at the discretion of the Company, should the Common Shares trade at a price of\n \n $1.00\n \n per share or greater for a period of 20 consecutive trading days, the whole in accordance with the terms of the Warrants. Each Unit (including the underlying securities) will be subject to a hold period of four months plus one day following the clo...