Deal with C$6 million greenshoe to finance company's growth strategy
By Devika Patel
Knoxville, Tenn., June 19 - Amaya Gaming Group Inc. said it will conduct a C$40 million private placement of stock. The deal has a C$6 million greenshoe.
The company will sell common shares at C$6.25 per share. The price per share reflects a 3.85% discount to the June 18 closing share price of C$6.50.
The offering is being conducted on a bought-deal basis by a syndicate of underwriters led by Canaccord Genuity Corp.
Settlement is expected July 11.
Proceeds will be used for general corporate and working capital purposes to assist in the implementation of Amaya's growth strategy and the expansion of its international activities.
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$40 million
|
| Greenshoe: | C$6 million
|
| Price: | C$6.25
|
| Warrants: | No
|
| Underwriters: | Canaccord Genuity Corp. (lead)
|
| Pricing date: | June 19
|
| Settlement date: | July 11
|
| Stock symbol: | TSX Venture: AYA
|
| Stock price: | C$6.50 at close June 18
|
| Market capitalization: | C$564.29 million
|
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