By Shara Tamagi
Amaya Announces Closing of Previously Announced Private Placement of Common Shares
July 11, 2013, Montreal, Quebec – Amaya Gaming Group Inc. (“Amaya” or the “Company”) (TSX Venture: AYA) is pleased to announce that it has closed the previously announced private placement of common shares (the “Common Shares”) at a price of $6.25 per Common Share for total gross proceeds of approximately $40.0 million (the “Private Placement”). The Private Placement was conducted through a syndicate of underwriters led by Canaccord Genuity Corp. and including Cantor Fitzgerald Canada Corporation, Cormark Securities Inc., BMO Capital Markets, Clarus Securities Inc. and Global Maxfin Capital Inc. (collectively the “Underwriters”).
The net proceeds from the Private Placement will be used for general corporate purposes and working capital to assist in the implementation of the Company’s growth strategy and the expansion of its international activities.
Amaya has paid the Underwriters a commission of approximately $1.9 million.
The Common Shares issued under the Private Placement are subject to a statutory resale restriction until November 12, 2013.
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).
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:
Tel: 416-815-0700 ext. 251
NA toll free: 1-800-385-5451 ext. 251