This brings the total gross proceeds to $10.0m, out of a maximum of $15.0m. The second tranche involved the issuance of 8.5 million subscription receipts at $0.50 each.
The private placement is happening in conjunction with Intema’s previously announced acquisition of Loot.bet owner Livestream Gaming’s issued and outstanding securities.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/intema-raises-10m-to-fund-loot-bet-deal/
