TORONTO and LONDON, March 14,
2019 /CNW/ - Bragg Gaming Group Inc. ("Bragg" or
the "Company") (TSXV: BRAG) is pleased to announce that it
has filed a final short form prospectus ("Prospectus") and
obtained a receipt (the "Receipt") in each of the provinces
of British Columbia, Alberta and Ontario to qualify the distribution of
27,058,802 units (the "Units") issuable upon the deemed
exercise of 27,058,802 equity special warrants (the "Special
Warrants") of the Company previously issued on December 20, 2018 on a private placement basis
pursuant to prospectus exemptions under applicable securities
legislation (the "Offering"). Each Unit is comprised
of one common share of the Company and one common share purchase
warrant, with each warrant exercisable into a common share of the
Company at an exercise price of $0.76
per share until November 29,
2020.
The Prospectus also qualifies the distribution of 1,601,784
compensation options (the "Compensation Options") issuable
upon exercise of 1,601,784 special warrant compensation options
(the "Special Warrant Compensation Options") of the Company
which were issued to Eight Capital, Canaccord Genuity Corp. and
Haywood Securities Inc. (collectively, the "Agents") as
partial consideration for their services rendered in connection
with the Offering. Each Compensation Option is exercisable
into a Unit at an exercise price of $0.51 per Unit until November 29, 2020.
As a result of obtaining the Receipt, the Company has delivered
a notice to the special warrant agent that the Special Warrants
shall be deemed to be exercised on March 14,
2019. The Special Warrant Compensation Options shall also be
deemed exercised on March 14, 2019 in
accordance with their terms. Following the deemed exercise of the
Special Warrants and the Special Warrant Compensation Options, the
Company will issue the Units to the purchasers under the Offering,
and the Compensation Options to the Agents.
For more information on the Offering, please refer to the
Prospectus, as well as the Company's news release dated
December 20, 2018, available on the
Company's profile on SEDAR at www.sedar.com.
About Bragg Gaming
Bragg Gaming Group is a next generation gaming group, formed by
a group of gaming industry veterans. Built on the foundation of the
recently acquired Oryx, a turn-key gaming solution provider in
a significant growth stage, Bragg focuses on the newly
emerging area of legalized U.S. sports betting and the burgeoning
e-sports industry, paving the way to become a global leader in
the new gaming frontier.
SOURCE Bragg Gaming Group
