Greenshoe partially exercised; proceeds fund company's growth strategy
By Devika Patel
Knoxville, Tenn., June 27 - Amaya Gaming Group Inc. said it raised about C$103.5 million in a private placement of stock. The deal priced for C$100 million with a C$15 million greenshoe on May 29.
The company sold common shares at C$4.05 per share. The price per share reflects a 5.2% premium to the May 28 closing share price of C$3.85.
The offering was conducted on a best-efforts basis by a syndicate of underwriters led by Canaccord Genuity Corp. and including BMO Capital Markets, Desjardins Securities Inc., Union Securities Ltd., BayFront Capital Partners Ltd. and Cormark Securities Inc.
Proceeds will be used to implement Amaya's growth strategy and expand its international activities, for general corporate purposes and for working capital.
Based in Montreal, Amaya makes and sells technology-based gaming solutions for the regulated gaming industry worldwide.
| Issuer: | Amaya Gaming Group Inc.
|
| Issue: | Common shares
|
| Amount: | C$103.5 million (approximate, includes about C$3.5 million greenshoe)
|
| Price: | C$4.05
|
| Warrants: | No
|
| Agents: | Canaccord Genuity Corp. (lead), BMO Capital Markets, Desjardins Securities Inc., Union Securities Ltd., BayFront Capital Partners Ltd. and Cormark Securities Inc.
|
| Pricing date: | May 29
|
| Settlement date: | June 27
|
| Stock symbol: | TSX Venture: AYA
|
| Stock price: | C$3.85 at close May 28
|
| Market capitalization: | C$200.48 million
|
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