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Amaya Gaming Group Inc Announces $20.0 Million Bought Deal Private Placement-DJ


Thursday, 17 Jan 2013 07:47am EST 

Dow Jones reported that Amaya Gaming Group Inc announced that it has entered into an agreement to sell to a syndicate of underwriters led by Canaccord Genuity Corp., 20,000 units at a price of $1,000 per Unit, to raise gross proceeds of $20,000,000 (the Base Offering). In addition, the Company has granted the Underwriters an option (the Underwriters' Option) to purchase up to 10,000 Units exercisable at any time, in whole or in part, 48 hours prior to the closing date of the Base Offering (together with the Base Offering, the Offering). If the Underwriters' Option is exercised in full, the total gross proceeds to Amaya will be $30,000,000. Each Unit will consist of: $1,000 principal amount of unsecured non-convertible subordinated debentures (the Debentures); and 48 non-transferable common share purchase warrants (each a Warrant). The Debentures will bear interest at a rate of 7.50% per annum payable semi-annually in arrears on January 31 and July 31 in each year commencing July 31, 2013. The first payment will include accrued interest from and including the closing date but excluding July 31, 2013. Interest payments will be satisfied through cash payment and the Debentures will have a maturity date of January 31, 2016. The net proceeds of the Offering will be used for general corporate purposes. 

Company Quote

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