By Devika Patel
Knoxville, Tenn., Dec. 12 - Dynasty Gaming Inc. priced a private placement of units to raise C$30 million.
The company will sell 6 million units at C$5.00 each. The units are comprised of one share and 0.30 of a warrant. The whole warrants are exercisable at C$7.50 for four years.
CRT Capital Holdings LLC is the underwriter.
Montreal-based Dynasty develops gaming software, including an online version of Mahjong.
| Issuer: | Dynasty Gaming Inc.
|
| Issue: | Units of one share and 0.30 of a warrant
|
| Amount: | C$30 million
|
| Units: | 6 million
|
| Price: | C$5.00
|
| Warrants: | 0.30 of a warrant per unit
|
| Warrant expiration: | Four years
|
| Warrant strike price: | C$7.50
|
| Underwriter: | CRT Capital Holdings LLC
|
| Pricing date: | Dec. 12
|
| Stock symbol: | TSX Venture: DNY
|
| Stock price: | C$0.205 at close Dec. 12
|
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