BRGGF - Bragg Gaming upsizes bought deal offering to $18M

Bragg Gaming Group (BRGGF) amended its agreement with a syndicate of underwriters led by Cormark Securities and Canaccord Genuity and agreed to increase the size of its previously announced $12.5M bought deal public offering.Under the amended deal terms, underwriters agreed to purchase 25.7M units at $0.70/unit for aggregate gross proceeds of $18M.Underwriters granted 30-days option to purchase up to an additional 15% of the units.Offering scheduled to close on or about Nov.17, 2020.Proceeds to be used for growth initiatives, working capital and general corporate purposes.

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Bragg Gaming upsizes bought deal offering to $18M