/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/ UNIT OFFERING OF DEBENTURES AND WARRANTS MONTREAL, Jan. 17, 2013 /CNW/ - Amaya Gaming Group Inc. ("Amaya" or the "Company") (TSXV: AYA), an entertainment solutions provider for the regulated gaming industry, is pleased to announce that it has entered into an agreement to sell to a syndicate of underwriters led by Canaccord Genuity Corp., 20,000 units (the "Units") at a price of $1,000 per Unit, to raise gross proceeds of $20,000,000 (the "Base Offering"). In addition, the Company has granted the Underwriters an option (the"Underwriters' Option") to purchase up to 10,000 Units exercisable at any time, in whole or in part, 48 hours prior to the closing date of the Base Offering (together with the Base Offering, the "Offering"). If the Underwriters' Option is exercised in full, the total gross proceeds to Amaya will be $30,000,000. Each Unit will consist of: (i) $1,000 principal amount of unsecured non-convertible subordinated debentures (the"Debentures"); and (ii) 48 non-transferable common share purchase warrants (each a"Warrant"). The Debentures will bear interest at a rate of 7.50% per annum payable semi-annually in arrears on January 31 and July 31 in each year commencing July 31, 2013. The first payment will include accrued interest from and including the closing date but excluding July 31, 2013. Interest payments will be satisfied through cash payment and the Debentures will have a maturity date of January 31, 2016. Each Warrant will entitle the holders thereof to acquire one common share of the Company at a price per common share equal to $6.25 at any time up to a period ending January 31, 2016. The underlying securities will be subject to a four-month plus one day statutory resale restriction. The net proceeds of the Offering will be used for general corporate purposes. The Offering is expected to close on or about February 7, 2013 and is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange Inc. and the satisfaction of other customary closing conditions. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the United States Securities Act of 1933, as amended). Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. About Amaya Founded in 2004, Amaya Gaming Group Inc. is a technology based gaming provider for the regulated gaming industry. An expansive global organization, present in North America, Latin America, Europe, and Asia, Amaya is an innovator in the gaming world. Headquartered in Montreal, Canada, Amaya provides a host of services and solutions that range from: online casino, poker and mobile games and platforms, traditional and mobile lotteries, hospitality in-room entertainment systems, management systems, content suites, advisory and management services, and integrity monitoring and auditing systems for the regulated gaming markets. Disclaimer in regards to Forward-looking Statements Certain statements included herein, including those that express management's expectations or estimates of our future performance constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward looking statements. Except as required by law, Amaya does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. For more information please visitwww.amayagaming.com orwww.amayaonline.com. Mr. David Baazov President and Chief Executive Officer Amaya Gaming Group Inc. North America: 1-866-744-3122 Worldwide: +1-514-744-3122 SOURCE: AMAYA GAMING GROUP INC. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2013/17/c6557.html CO: AMAYA GAMING GROUP INC. ST: Quebec NI: CNO PVT -0- Jan/17/2013 12:47 GMT
Amaya Announces $20.0 Million Bought Deal Private Placement
Press spacebar to pause and continue. Press esc to stop.