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Amaya Gaming Group Inc Announces $40.0 Million Bought Deal Private Placement of Common Shares


Wednesday, 19 Jun 2013 04:51pm EDT 

Amaya Gaming Group Inc announced that it has entered into an agreement with a group of underwriters led by Canaccord Genuity Corp. (Canaccord Genuity) in connection with a bought deal private placement (the Private Placement) of $40.0 million (the Base Offering) in common shares (the Common Shares) of Amaya. Each Common Share issued under the Private Placement will be issued at a price of $6.25 (the Issue Price). Amaya has also granted Canaccord Genuity an option (the Underwriter's Option), exercisable in whole or in part up to 48 hours prior to closing of the Private Placement, to purchase up to an additional 15% of the Common Shares issued under the Base Offering at the Issue Price. If the Underwriter's Option is exercised in full, the total gross proceeds of the Private Placement to Amaya will be $46.0 million. The net proceeds from the Private Placement will be used for general corporate and working capital purposes to assist in the implementation of Amaya's growth strategy and the expansion of its international activities. All securities sold pursuant to the Private Placement will be subject to a statutory four month hold period. Closing of the Private Placement is scheduled on or about July 11, 2013, subject to the approval of the TSX Venture Exchange and the satisfaction of other customary closing conditions. 

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