/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
MONTREAL, June 15, 2011 /CNW Telbec/ - Amaya Gaming Group Inc. ("Amaya") is pleased to announce that it has closed its previously announced
bought deal private placement of 3,300,000 common shares of its share
capital (the "Common Shares") at a price of CAD$3.10 per Common Share for aggregate gross proceeds
of CAD$10,230,000 (the "Offering"). The Offering was conducted through a syndicate of underwriters led
by Canaccord Genuity Corp. and including Laurentian Bank Securities
Inc. (collectively, the "Underwriters").
In addition, Amaya has granted the Underwriters an over-allotment option
exercisable at any time, in whole or in part, up to 30 days from the
closing of the Offering, to purchase up to that number of additional
common shares of Amaya equal to 15% of the Common Shares sold pursuant
to the Offering, to cover over-allotments, if any, and for market
stabilization purposes (the "Over-Allotment Option"). If the Over-Allotment Option is exercised in full, the total gross
proceeds to Amaya will be CAD$11,764,500.
Amaya intends to use the net proceeds of the Offering for the Chartwell
acquisition announced on May 12, 2011, for various online gaming
initiatives as well as for general corporate and working capital
Amaya has paid the Underwriters an aggregate underwriting commission of
CAD$613,800 and has granted the Underwriters compensation options
(the "Compensation Options") to purchase an aggregate number of 198,000 Common Shares,
representing 6% of the total number of Common Shares sold pursuant to
the Offering, at a price of CAD$3.10 per Common Share until June 15,
Amaya has received conditional listing approval from the TSX Venture
Exchange for the Common Shares sold under the Offering, and the common
shares underlying the Compensation Options.
The Common Shares issued as part of the Offering are subject to a
four-month plus one day statutory resale restriction ending on October
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
Amaya is engaged in the design, development, manufacturing, distribution
and sale of technology based gaming solutions for the regulated gaming
industry worldwide. For more information please visit www.amayagaming.com.
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.
Neither 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.
SOURCE AMAYA GAMING GROUP INC.
For further information:
| Mr. David Baazov |
President and Chief Executive Officer
Amaya Gaming Group Inc.
North America: 1-866-744-3122
| || Investor Relations |
Mr. Marc Jasmin, CMA
Jasmin Financial Communications inc