Retains TMX Equicom for Investor Relations Services
VANCOUVER, March 17, 2015 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSX-V: PYD) ("Poydras" or the "Company") today announced that effective immediately, Michael Rumbolz, has resigned as a director of the Company to pursue other business opportunities.
"I have greatly enjoyed my time on the Board of Poydras and would like to express my utmost confidence in its business and management team going forward," said Rumbolz.
Peter Macy, CEO of Poydras commented, "We would like to thank Michael for his support and invaluable contributions, and wish him all the best in his future endeavors."
The Company has initiated a search for a new independent board member to replace Mr. Rumbolz, and the Board size will drop to four until the recruitment of the new independent director.
Poydras Gaming also announced that it has retained TMX Equicom to provide strategic investor relations and communications services. Under the terms of the agreement, Poydras will pay TMX Equicom a monthly retainer fee of $8,000 for select investor relations and strategic communications services. The contract term is for 12 months and commences immediately. Neither TMX Equicom nor any of its principals have an ownership interest, directly or indirectly, in Poydras or its securities, and Poydras has not granted TMX Equicom or its principals any right to acquire any such interests.
TMX Equicom is a wholly-owned subsidiary of TMX Group Inc, and provides strategic investor relations and communications services to approximately 100 public companies across a diverse range of industries from its offices in Toronto, Calgary and San Diego.
About Poydras Gaming Finance Corp.
Poydras Gaming is focused on leasing and financing gaming machines (such as slot machines) and related capital expenditures for existing casinos, new casino developments and gaming machine suppliers in the United States. It owns and finances slot machines including long-term lease contracts across four casinos in Oklahoma and a financing agreement with a gaming machine supplier based out of California. Additional information about the Company can be found on the SEDAR website at www.sedar.com.
Cautionary Note Regarding Forward-Looking Statements
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.
This announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. All statements, other than statements of historical fact included herein are forward-looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, risks arising from general economic conditions and adverse industry events and uncertainty of meeting anticipated milestones for the Company's projects; and other risks and uncertainties disclosed under the heading "Risk Factors" in the Final Long Form Prospectus dated April 22, 2014 and filed with Canadian securities regulatory authorities on the SEDAR website at www.sedar.com.
SOURCE Poydras Gaming Finance Corp.
For further information: Mike McAllister, Investor Relations | TMX Equicom, T: 416.815.0700 ext. 249, E: [email protected] or Peter Macy, CEO, Poydras Gaming Finance Corp., T: (415) 326-5058, E: [email protected]