By Laura Lutz
Des Moines, April 27 - iGaming Corp. plans to conduct a private placement of units for about C$1.15 million.
The company intends to sell about 5.75 million units of one share and one half-share warrant at C$0.20 per unit. Each whole warrant will be exercisable at C$0.30 until Feb. 23, 2008.
Expiry of the warrants may be accelerated to 15 days if the closing price of the company's shares exceeds C$0.40 for 15 consecutive trading days.
Proceeds will be used for working capital.
Vancouver, B.C-based iGaming provides sports industry data.
| Issuer: | iGaming Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.15 million
|
| Units: | 5.75 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Feb. 23, 2008
|
| Warrant strike price: | C$0.30
|
| Pricing date: | April 27
|
| Stock symbol: | TSX Venture: IGA
|
| Stock price: | C$0.205 at close April 27
|
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