December 21, 2017 / 3:17 PM / in 5 months

BRIEF-G5 Entertainment Says Dispute With MyTona LLC Is Resolved

Dec 21 (Reuters) - G5 Entertainment Ab (Publ):

* SAYS DISPUTE WITH MYTONA LLC RESOLVED

* PARTIES HAVE AGREED TO DISMISS THEIR CLAIMS PURSUANT TO TERMS OF SETTLEMENT

* ‍IS ACQUIRING ALL RIGHTS TO “SECRET SOCIETY” GAME ON ALL PLATFORMS​

* G5 ESTIMATES THAT TOTAL CONSIDERATION TO BE PAID TO MYTONA PARTIES MAY BE WORTH UP TO US $6.5M OR MORE

* G5 EXPECTS THAT ACQUISITION WILL BE FINANCED FROM COMPANY’S CASH RESERVES AND FUTURE CASH FLOW. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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