Amaya plans sale of subscription receipts, common shares, preferreds

Proceeds to finance planned $4.9 billion acquisition of Oldford Group

By Devika Patel

Knoxville, Tenn., June 13 – Amaya Gaming Group Inc. said it will price a private placement of subscription receipts, common shares and convertible preferred shares.

Proceeds will be used for the company’s planned $4.9 billion acquisition of Oldford Group Ltd. in an all-cash transaction, which will result in Amaya becoming the world’s largest publicly traded online gaming company.

Based in Montreal, Amaya makes and sells technology-based gaming solutions for the regulated gaming industry worldwide.

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