LONDON, United Kingdom, Jan. 20, 2021 /CNW/ – IMG Media Ltd. introduced right now that on January 19, 2021 it bought 220,560 frequent shares (“Shares”) of Bragg Gaming Group Inc. (“Bragg Gaming”) by means of the amenities of the over-the-counter market in the USA for mixture consideration of US$412,828.56, which represents a median sale value of roughly US$1.87 per Share.
In April 2017, IMG Media Ltd. acquired 3,985,570 Shares, which represented roughly 14.5% of the excellent Shares at such time (Bragg Gaming was then generally known as Breaking Information Corp). Because of extra Share issuances by Bragg Gaming throughout the intervening interval, the three,985,570 Shares held by IMG Media Ltd. represented roughly 3.38% of the excellent Shares instantly earlier than the sale introduced right now (based mostly on the 117,948,396 Shares presumed to be excellent as of January 13, 2021, being the sum of (i) the two,479,335 Shares issued in reference to the non-brokered personal placement disclosed by Bragg Gaming in its Materials Change Report dated January 15, 2021, and (ii) the 115,469,061 Shares that Bragg Gaming disclosed had been excellent as of November 23, 2020 in its Administration Dialogue & Evaluation for the three and nine-month intervals ended September 30, 2020).
IMG Media Ltd. continues to carry 3,765,010 Shares, which characterize roughly 3.19% of the excellent Shares (based mostly on the 117,948,396 Shares presumed to be excellent as of January 13, 2021). Accordingly, the 220,560 Shares bought by IMG Media Ltd. resulted in a lower in its possession proportion within the Shares of Bragg Gaming of roughly 0.19%. IMG Media Ltd. holds Shares in Bragg Gaming for funding functions and should now and again, relying on market circumstances, developments affecting Bragg Gaming and its enterprise, and different enterprise or funding alternatives which will come up, purchase extra Shares or different securities of Bragg Gaming or eliminate some or all of its Shares by means of market transactions, personal agreements or in any other case.
IMG Media Ltd. will file an early warning report in accordance with relevant securities legal guidelines underneath Bragg Gaming’s issuer profile on SEDAR at www.sedar.com. A replica of such report can be obtained by contacting Robert Hilton at (212) 586-5100.
SOURCE IMG Media Ltd.