MILL VALLEY, CA, May 27, 2015 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSX-V: PYD) ("Poydras" or the "Company") announces today that it has extended the expiration date of its solicitation of consents (the "Consent Solicitation") from holders ("Holders") of 11% Convertible Debentures in the principal amount of US$7,732,000, being conducted pursuant to terms contained in the security holder documents dated May 5, 2015, and filed on SEDAR as of May 15, 2015 (the "Consent Documents"). The Consent Solicitation will now be open until 5:00 p.m. (Eastern Time) on June 19, 2015.
The Consent Solicitation is being conducted by Poydras to obtain approval for certain proposed amendments to the debenture indenture (the "Proposed Amendments"). The record date for purposes of the Consent Solicitation remains April 24, 2015.
Any Holder who has previously delivered a consent to the Proposed Amendments does not need to redeliver such consent or take any other action. Any holder who has not yet delivered a consent should follow the instructions set forth in the Consent Documents, and may use the previously distributed consent form for purposes of delivering its consent.
For further information, refer to the Consent Documents, which contain a full description of the Proposed Amendments.
This press release is neither a solicitation of consents, an offer to purchase the Convertible Debentures, nor a solicitation of an offer to sell securities. The Consent Solicitation is being made solely by the Consent Documents.
For additional information please see the SEDAR website at www.sedar.com.
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 six 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.
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.
SOURCE Poydras Gaming Finance Corp.
For further information: Peter Macy, CEO, Poydras Gaming Finance Corp., Phone: (604) 683-8393, Email: [email protected]