Playgon Games (TSX.V: DEAL) (OTC: PLGNF) (FSE: 7CR), a proprietary SaaS technology company delivering mobile live dealer technology to online gaming operators globally, announced that it anticipates completing “shares for debt” transactions in line with TSXV Corporate Finance Manual policies. According to the announcement, Playgon plans to settle C$223,870.61 relating to interest payments owed to debentureholders in relation to unsecured convertible debentures issued by Playgon Games in January, March and May of this year. In addition, the company announced its intention to settle C$2,170,659.04 related to short-term promissory notes and other trade payables at C$0.07 per share for a total issuance of 31,009,415 common shares. The company also plans to settle C$72,500 in board fees owed to certain board members at a price per share equal to C$0.07 for a total issuance of 1,035,715 common shares. Playgon noted that the proposed shares-for-debt transactions are subject to the approval of the TSX Venture Exchange.
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About Playgon Games Inc.
Playgon is a SaaS technology company focused on developing and licensing digital content for the growing iGaming market. The company provides a multitenant gateway that allows online operators the ability to offer their customers innovative iGaming software solutions. Playgon’s current software platform includes Live Dealer Casino, E-Table games and Daily Fantasy Sports, which, through a seamless integration at the operator level, allows customer access without having to share or compromise any sensitive customer data. As a true business-to-business digital content provider, Playgon products are ideal turnkey solutions for online casinos, sportsbook operators, land-based operators, media groups and big database companies. For more information about the company, please visit www.Playgon.com.
NOTE TO INVESTORS: The latest news and updates relating to PLGNF are available in the company’s newsroom at https://ibn.fm/PLGNF
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