By Sheri Kasprzak
New York, July 11 - International Thunderbird Gaming Corp. said it plans to raise up to $1.8 million in a private placement of shares.
The offering includes up to 2 million shares at $0.90 each.
The proceeds from the offering will be used to make final preparations for the company's new casino in Chile, to develop a second casino and resort operation in the Philippines, enhance its first casino and hotel in the Philippines and implement its line of hotels. The remainder will be used for working capital.
Based in Poway, Calif., International Thunderbird owns and operations gaming facilities.
| Issuer: | International Thunderbird Gaming Corp.
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| Issue: | Stock
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| Amount: | $1.8 million (maximum)
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| Shares: | 2 million (maximum)
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| Price: | $0.90
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| Warrants: | No
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| Pricing date: | July 11
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| Stock price: | $0.90 at close July 11
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