Playgon Games (TSX.V: DEAL) (OTC: PLGNF) (FSE: 7CR) is a propriety software-as-a-service (“SaaS”) technology company delivering mobile live dealer technology to online gaming operators globally. The company today announced that it has completed a first tranche closing of its non-brokered private placement of unsecured convertible debentures for aggregate gross proceeds of CAD$1,820,000 (the “offering”). According to the update, the company intends on completing a second tranche closing of the offering as soon as possible. Playgon Games intends to use the net proceeds to fund ongoing sales and marketing efforts in core European jurisdictions, to enter new markets including Latin America and North America, ongoing development costs, new tables with native language-speaking dealers, as well as for general working capital and corporate purposes. The offering remains subject to final approval of the TSXV.
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About Playgon Games Inc.
Playgon Games is a SaaS technology company focused on developing and licensing digital content for the growing iGaming market. The company provides a multitenant gateway that allows online operators the ability to offer their customers innovative iGaming software solutions. Its current SaaS platform includes Live Dealer Casino, E-Table games and Daily Fantasy Sports, which, through a seamless integration at the operator level, allows customer access without having to share or compromise any sensitive customer data. As a true business-to-business digital content provider, the company’s products are ideal turnkey solutions for online casinos, sportsbook and land-based operators, media groups, and big database companies. For further information, please visit the company’s website at www.Playgon.com.
NOTE TO INVESTORS: The latest news and updates relating to PLGNF are available in the company’s newsroom at https://ibn.fm/PLGNF
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