BRGGF - Bragg Gaming Group launches $12.5M bought deal public offering

Bragg Gaming Group ([[BRGGF]] -3.3%) entered into an agreement with a syndicate of underwriters co-led by Cormark Securities and Canaccord Genuity; post which underwriters have agreed to purchase 17.9M units from the company's treasury at $0.70/unit.Gross proceeds are seen at an ~$12.5M.Each unit consists of one common share and one half of one warrant; warrant will entitle the holder to purchase one share at $1 for 3 years from offer close.Underwriters have been granted a 30-day option to purchase additional 15% of units.Offer proceeds will be used for growth initiatives, working capital and general corporate purposes.Offer is expected to close on or about Nov.17, 2020.

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Bragg Gaming Group launches $12.5M bought deal public offering