By Shara Tamagi
MONTREAL, Aug. 7, 2013 /CNW/ – Amaya Gaming Group Inc. (“Amaya” or the “Corporation”) (TSX Venture: AYA) is pleased to announce that it has received conditional approval from Toronto Stock Exchange (“TSX”) to graduate from TSX Venture Exchange and list its common shares (the “Common Shares”), common share purchase warrants expiring on April 30, 2015 (TSX Venture: AYA.WT) (the “2015 Warrants”), common share purchase warrants expiring on January 31, 2016 (the “2016 Warrants”) and unsecured non-convertible subordinated debentures (the “Debentures”) (collectively, the “Securities”) on TSX.
“Our graduation to TSX will be another significant milestone for Amaya,” said David Baazov, CEO of Amaya Gaming Group Inc. “It will increase our profile and will provide us access to a larger potential pool of institutional and international investors.”
Final approval of the listing is subject to Amaya meeting certain standard requirements of TSX. Amaya expects to satisfy all of the necessary conditions and will make a further announcement once TSX has issued a bulletin confirming the date on which trading on TSX will occur.
Upon its listing on TSX, Amaya’s Common Shares will continue to trade under the symbol “AYA” and its 2015 Warrants will continue to trade under the symbol “AYA.WT”. The Debentures will trade under the symbol “AYA.DB.A” and the 2016 Warrants will trade under the symbol “AYA.WT.A”.
In connection with the listing on TSX, the Corporation will apply to voluntarily delist its Common Shares and 2015 Warrants from TSX Venture Exchange, such delisting to be effective as of the date such securities commence trading on TSX.
Amendment to Stock Option Plan
Amaya also announced that, on August 6, 2013, the Board of Directors of Amaya approved an amendment to the stock option plan of Amaya (the “Stock Option Plan”) to increase the number of common shares of Amaya reserved for issuance under the Stock Option Plan from 8,600,000 to 9,300,000 (the “Amendment to the Stock Option Plan”). The Amendment to the Stock Option Plan was approved by TSX Venture Exchange on August 1, 2013.
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 TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein or any other securities.
For investor or media inquiries, please contact:
Tim Foran
Tel: 416-815-0700 ext. 251
NA toll free: 1-800-385-5451 ext. 251
tforan@tmxequicom.com