Breaking Data Announces $12 Million Financing deal
Breaking Data Corp is pleased to announce that it has engaged Eight Capital to act as lead agent and sole bookrunner in connection with a brokered best efforts private placement offering of subscription receipts at a price of C$0.51 per Subscription Receipt.
The Offering is being completed in connection with the proposed acquisition of Oryx Gaming Corp.
Previously announced in a press release of Breaking Data dated August 22, 2018. Oryx Gaming Corp is a turn-key gaming solution provider specializing in offering products that are customized to work seamlessly in international gaming markets and legislative environments. Oryx is in a rapid expansion phase, most recently announcing new content partnerships with GVC, Wplay.co and Interwetten.
GVC is one of the world’s largest sports betting and gaming groups and is operator of leading brands bwin and PartyCasino. Wplay.co is a pioneer in the Colombian market and the first operator to secure an online gaming license under Colombia’s new national regulatory framework. Interwetten is a world-renowned sports betting operator.
Proceeds of the Offering will be used for general capital purposes and to fund the purchase price of the Proposed Transaction.
“We’re looking forward to taking a pivotal step forward in the evolution of Breaking Data through the Oryx Gaming acquisition,” said Dominic Mansour, incoming CEO of the Company. “This acquisition will transform the organization into a next generation gaming group that will have a strong foundation for future growth with a significant opportunity to leverage the incumbent media assets and enter the exciting sports betting market. We are looking forward to updating investors on our strategy and future growth plans once the acquisition is closed.”