/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
MONTREAL, June 19, 2013 /CNW/ - Amaya Gaming Group Inc. ("Amaya") (TSX Venture: AYA) is pleased to announce that it has entered into an
agreement with a group of underwriters led by Canaccord Genuity Corp.
("Canaccord Genuity") in connection with a bought deal private placement (the "Private Placement") of $40.0 million (the "Base Offering") in common shares (the "Common Shares") of Amaya. Each Common Share issued under the Private Placement will
be issued at a price of $6.25 (the "Issue Price").
Amaya has also granted Canaccord Genuity an option (the "Underwriter's Option"), exercisable in whole or in part up to 48 hours prior to closing of
the Private Placement, to purchase up to an additional 15% of the
Common Shares issued under the Base Offering at the Issue Price. If the
Underwriter's Option is exercised in full, the total gross proceeds of
the Private Placement to Amaya will be $46.0 million. The net proceeds
from the Private Placement will be used for general corporate and
working capital purposes to assist in the implementation of Amaya's
growth strategy and the expansion of its international activities. All
securities sold pursuant to the Private Placement will be subject to a
statutory four month hold period.
Closing of the Private Placement is scheduled on or about July 11, 2013,
subject to the approval of the TSX Venture Exchange 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
Amaya provides a full suite of gaming products and services including
casino, poker, sportsbook, platform, lotteries and slot machines. Some
of the world's largest gaming operators and casinos are powered by
Amaya's online, mobile, and land-based products. Amaya is present in
all major gaming markets in the world with offices in North America,
Latin America and Europe. Since the spring of 2012, Amaya acquired
Cryptologic, a pioneer within online casino, Ongame, a leader within
online poker, and Cadillac Jack, a successful slot machine
manufacturer. For more information please visit www.amayagaming.com.
Disclaimer in regards to Forward-looking Statements
Certain statements included herein 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:
For investor or media inquiries, please contact:
Tel: 416-815-0700 ext. 251
NA toll free: 1-800-385-5451 ext. 251