Brief: Gaming Innovation Announces Acquisition of Kafe Rocks

Gentoo Media

07/11/2023 22:00

Nov 8 (Reuters) - Gaming Innovation Group Inc  GIG.OL :
    * GAMING INNOVATION GROUP SECURES POLE POSITION IN CASINO
AFFILIATION BY ACQUIRING KAFE ROCKS
    * INVESTMENT WILL ACCELERATE GIG MEDIA REVENUES, EXPECTED TO
REACH
BETWEEN MEUR 125-135 FOR 2024.
    * PURCHASE PRICE IS MEUR 35, CONSISTING OF MEUR 15 UPFRONT
CASH
PAYMENT & MEUR 20 IN 4 SEMI-ANNUAL PAYMENTS OVER 24 MONTHS
    * GIG WILL PAY MEUR 2.5 IN SHARES SUBJECT TO SPECIFIC
OPERATIONAL
COST SAVINGS TARGETS.
    * GAMING INNOVATION: TO FINANCE INITIAL DEAL THROUGH
COMBINATION
OF EXISTING CASH, SHAREHOLDER LOANS, &/OR PROCEEDS FROM
POTENTIAL BOND ISSUE

Source text for Eikon:  ID:nWkr1cG0Pp 
Further company coverage:  GIG.OL 

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