Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF) (FRA:7CR), a propriety software-as-a-service (“SaaS”) technology company delivering mobile live dealer technology to online gaming operators globally, has announced that, as a result of strong and continued investor demand and further to the company’s news releases dated Oct. 28 and Nov. 3, 2021, it intends to further upsize its previously announced non-brokered private placement (the “proposed offering”) of units of the company. According to the update, the upsized proposed offering is expected to be for gross proceeds of up to $10,500,000 through the sale of up to 35,000,000 units, each at a price of $0.30. Each unit will comprise one common share of the company and one half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share, each at a price of $0.50, for 24 months from the closing date of the proposed offering. “With overwhelming demand from investors, we have elected to upsize our previously announced financing to further support our growth initiatives,” said Darcy Krogh, CEO of Playgon Games. “We are delighted with investor support and appreciate the vote of confidence in our team and our truly innovative mobile Live Dealer product.”
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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 multi-tenant gateway that allows online operators the ability to offer their customers innovative iGaming software solutions. Its current software 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 turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies. For further information, please visit the company’s website at www.Playgon.com.
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