VANCOUVER, May 31, 2016 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSX‐V: PYD) ("Poydras" or the "Company"), a leading provider of gaming machines to casino operators in its core markets of Oklahoma and Texas, today announced that it will be presenting at the 6th annual LD Micro Invitational on Wednesday, June 8, 2016 at 1:00 PM PST / 4:00 PM EST. Peter Macy, Chief Executive Officer of Poydras, will be giving the presentation and meeting with investors. The conference will be held at the Luxe Sunset Bel Air Hotel and will feature 195 companies in the small/ micro-cap space.
A webcast of the presentation will be available at http://wsw.com/webcast/ldmicro10/pyd.v. The webcast will be archived for one year.
"The past year has seen Poydras undergo a significant transformation, with the acquisition of the Integrity Companies and significant new contract wins with existing and new customers over the course of 2015 and early 2016," said Peter Macy, CEO of Poydras. "We are pleased by the opportunity afforded by the LD Micro Invitational to introduce to investors our story of growth in Oklahoma, the most vibrant Tribal gaming market in the U.S., our continuing opportunities in that market, with additional upside from expanding into new geographies."
View the Company's profile here: http://www.ldmicro.com/profile/pyd.v
About LD Micro
LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event).
In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and microcap universe.
Grant of Restricted Share Units ("RSUs") and Stock Options
On April 26, 2016, the Board of Directors of the Company approved the grant of 880,000 (post-consolidation 10:1) restricted share units to certain directors, officers, and employees of the Company, subject to the meeting of certain vesting and performance conditions. The restricted share units were granted in accordance with the Company's fixed restricted share unit plan.
On May 4, 2016, the Company granted 170,000 (post-consolidation 10:1) stock options to its directors and 250,000 (post-consolidation 10:1) stock options to its employees. Directors' stock options vested on the date of grant and employees' stock options vest over 3 years, 10% on the date of grant and 15% every 6 months thereafter. These stock options can be exercised at the price of C$0.48 per share until May 4, 2021. The options were issued in accordance with the Company's existing fixed stock option plan.
About Poydras Gaming Finance Corp.
Poydras Gaming is a regional slot route operator with approximately 2,500 revenue-generating gaming machines across 25 casinos in Oklahoma and Texas. The Company provides slot machines and related capital expenditures under short- and long-term contracts for existing casinos, new casino developments and gaming machine suppliers in the United States. 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: Keith Richards, Investor Relations, NATIONAL Equicom, T: (416) 848-1599, E: [email protected]; James Kim, VP of Corporate Development, Poydras Gaming Finance Corp., T: (604) 683-8393, E: [email protected]