Bingo.com settles $2,250,000 Private placement
May 5, 2010, 10:09 am (8 years ago)
Bingo.com, holder of the well accepted online gaming community revealed that it has settled a private placement from Unibet Group plc of 15 million common shares at $0.15 per share to increase net proceeds of $2,250,000. Following the issuance, the private placement indicates 25.9% of Bingo.com. These shares were placed with Unibet Group plc.
"Bingo.com is delighted to have obtained a private placement from Unibet," commented Tarrnie Williams, Bingo.com's CEO. "With one of the World's top gaming operators as both a shareholder and operational associate, Bingo.com is going to now hold the resources to backup its brand in numerous rising online bingo markets. We very much anticipate taking on a leading position in the development of online bingo internationally."