Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF) (FRA:7CR), a propriety software as a service (“SaaS”) technology company delivering mobile live dealer technology to online gaming operators globally, today announced that, further to its Oct. 28 news release, it intends to upsize its previously announced non-brokered private placement (the “proposed offering”) of units of the company. According to the update, the upsized proposed offering is expected to be for gross proceeds of up to $9,000,000 through the sale of up to 30,000,000 units, each at a price of $0.30. Each unit will be comprised of one common share of the company and one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share, each at a price of $0.50, for a period of 24 months from the closing date of the proposed offering. In connection with the proposed offering, Playgon Games intends to pay certain finder’s fees to certain registered brokers in the form of cash or securities, or a combination of both, as permitted by the policies of the TSX Venture Exchange.
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About Playgon Games Inc.
Playgon Games is a SaaS technology company focused on developing and licensing digital content for the growing iGaming market. The company provides a multi-tenant gateway that allows online operators the ability to offer their customers innovative iGaming software solutions. Its current software platform includes Live Dealer Casino, E-Table games and Daily Fantasy Sports, which through a seamless integration at the operator level allows customer access without having to share or compromise any sensitive customer data. As a true business-to-business digital content provider, the company’s products are ideal turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies. For further information, please visit the company’s website at www.Playgon.com.
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