Brief: Gaming Innovation Group Issues Convertible Loan Of EUR 8.5 Mln

Gentoo Media

21/12/2020 07:27

Dec 21 (Reuters) - Gaming Innovation Group Inc  GAMO.OL :
    * GAMING INNOVATION GROUP ISSUES CONVERTIBLE LOAN TO TWO
INSTITUTIONAL INVESTORS
    * TO ISSUE A SUBORDINATED CONVERTIBLE LOAN OF EUR 8.5
MILLION TO 
INVESTMENT FUNDS FORMUE NORD A/S & SYMMETRY INVEST A/S
    * TERM OF LOAN IS 30 MONTHS AND LOAN CAN BE CONVERTED AT A
SHARE
PRICE OF NOK 15, A 23% PREMIUM TO LAST CLOSING PRICE ON OSLO
BØRS
    * INTEREST IS 8% PER ANNUM
    * LOAN IS SUBORDINATED TO COMPANY'S SEK 400 MILLION BOND
    * BOND HAS MATURITY ON 28 JUNE 2022

Source text for Eikon:  ID:nWkr65cD1k 
Further company coverage:  GAMO.OL 

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