/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
MONTREAL, July 12 /CNW Telbec/ - Amaya Gaming Group Inc. ("Amaya") announces that it has filed a final prospectus with the securities regulatory authorities in the provinces of Alberta, British Columbia, Ontario and Quebec in connection with its initial public offering of units (the "Units") at a price of $1.00 per Unit (the "Offering Price"), each Unit consisting of one common share of Amaya and one half of one common share purchase warrant (a "Share Purchase Warrant"). Each whole Share Purchase Warrant will entitle its holder to purchase one Common Share at a price of $1.50 at any time prior to 5 p.m. (Montreal time) on the date that is 12 months following the closing of the offering (the "Closing"). Pursuant to its initial public offering, Amaya intends to issue a minimum of 5,000,000 Units up to a maximum of 7,500,000 Units. The offering is being made through a syndicate of agents led by Canaccord Genuity Corp. and including Desjardins Securities Inc. (the "Agents"). Amaya granted to the Agents compensation options (the "Compensation Options") entitling the Agents to subscribe for that number of Common Shares equal to 8% of the aggregate number of Units sold pursuant to the offering. Each Compensation Option is exercisable to purchase one Common Share at the Offering Price for a period of 24 months following the Closing.
The closing of the offering is subject to customary conditions and is expected to occur on or about July 21, 2010.
The TSX Venture Exchange (the "TSXV") has conditionally approved the listing of the Common Shares under the symbol "AYA", which listing will be subject to Amaya fulfilling all of the requirements of the TSXV.
Amaya Gaming Group Inc is engaged in the design, development, manufacturing, distribution and sale of technology based gaming solutions for the regulated gaming industry worldwide. Amaya Gaming Group's solutions are server-based and include a multi-gaming platform, hardware devices, such as electronic gaming tables, multi gaming terminals, mobile gaming devices, a proprietary gaming library, and a central reporting module that protects the integrity of an entire jurisdiction's gaming operations by tracking gaming revenue for auditing and tax purposes. Amaya Gaming Group's solutions are designed to improve gaming operator profitability, productivity and security while providing players with popular and cutting-edge gaming entertainment content and maximizing their playing experience. Amaya Gaming Group continues to develop gaming solutions and services for the markets it currently serves as well as to address new domestic and international opportunities.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Corporation in any jurisdiction in which such offer, solicitation of sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom. Any public offering of the securities in the United States may only be made by means of a prospectus containing detailed information about the Corporation and its management as well as financial statements.
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.
You are also invited to consult the final prospectus which will be available on the SEDAR Website at www.sedar.com.
SOURCE Amaya Inc.
For further information: For further information: David Baazov, President and Chief Executive Officer, Tel: 514-744-3122