Nyx Raises More Capital Through $10.5 Million Private Placement

NYX RAISES MORE CAPITAL THROUGH $10.5 MILLION PRIVATE PLACEMENT

23rd June, 2016 at 17:01:27
Source: http://www.azonlinecasinos.com

Unidentified private investor takes up offer.

Online gambling software and games provider NYX Gaming has announced that it has secured a private placement of $10.5 million with an unidentified private investor.

The offering was made up of unsecured convertible debenture and 2,863,636 ordinary share purchase warrants, which have a strike price of $3.50 and a three term. The debenture will attract an interest rate of 10% per annum, maturing in January 2020, with a provision that allows it to be converted to ordinary shares at $2.75 a share.

The gambling software group has revealed that among other projects it will use the new capital to settle amounts owed to a subsidiary belonging to another private investor incurred in late 2015.

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