$40M Bought Deal Private Placement

By Shara Tamagi

press release generic feature image


press release generic feature imageJune 19, 2013, Montreal, Quebec – Amaya Gaming Group Inc. (“Amaya”) (TSX Venture: AYA) is pleased to announce 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the United States Securities Act of 1933, as amended).

About Amaya

Amaya provides a full suite of gaming products and services including casino, poker, sportsbook, platform, lotteries and slot machines. Some of the world’s largest gaming operators and casinos are powered by Amaya’s online, mobile, and land-based products. Amaya is present in all major gaming markets in the world with offices in North America, Latin America and Europe. Since the spring of 2012, Amaya acquired Cryptologic, a pioneer within online casino, Ongame, a leader within online poker, and Cadillac Jack, a successful slot machine manufacturer. For more information please visit www.amayagaming.com.

Disclaimer in regards to Forward-looking Statements

Certain statements included herein constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward looking statements. Except as required by law, Amaya does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For investor or media inquiries, please contact:
Tim Foran
TMX Equicom
Tel: 416-815-0700 ext. 251
NA toll free: 1-800-385-5451 ext. 251

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