- React Gaming (RGG) has closed the first tranche of a $5,000,000 private placement
- Under the first tranche, React Gaming issued 6,350,000 units at $0.10 per unit for gross proceeds of $635,000
- Net proceeds will be used for administrative and other general working capital purposes
- React Gaming is a holding company in the esports and iGaming industry
- React Gaming Group (RGG) opened trading at C$0.085
React Gaming (RGG) has closed the first tranche of a $5,000,000 private placement of units.
Under the first tranche, React Gaming issued 6,350,000 units at $0.10 per unit for gross proceeds of $635,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional share for a period of 48 months from the date of issue at an exercise price of $0.12.
Warrants are subject to an acceleration clause.
The securities issued will be subject to a statutory four-month hold period.
Net proceeds will be used for administrative and other general working capital purposes.
React Gaming is a holding company in the esports and iGaming industry.
React Gaming Group (RGG) opened trading at C$0.085.