Brief: G5 Entertainment Says Dispute With MyTona LLC Is Resolved

G5 Entertainment AB (publ)

21/12/2017 15:11

Dec 21 (Reuters) - G5 Entertainment Ab (Publ)  G5EN.ST : 
    * SAYS DISPUTE WITH MYTONA LLC RESOLVED 
    * PARTIES HAVE AGREED TO DISMISS THEIR CLAIMS PURSUANT TO 
TERMS OF 
SETTLEMENT 
    * IS ACQUIRING ALL RIGHTS TO "SECRET SOCIETY" GAME ON ALL 
PLATFORMS 
    * G5 ESTIMATES THAT TOTAL CONSIDERATION TO BE PAID TO MYTONA 
PARTIES MAY BE WORTH UP TO US $6.5M OR MORE 
    * G5 EXPECTS THAT ACQUISITION WILL BE FINANCED FROM 
COMPANY'S CASH 
RESERVES AND FUTURE CASH FLOW. 
 
Source text for Eikon:  ID:nWkr9CCGz5  
Further company coverage:  G5EN.ST  
 
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