Bragg Reaches US$8.7 Million Financing Agreement | New

TORONTO–(BUSINESS WIRE)–Sept. 13, 2022–

Bragg Playgroup(NASDAQ: BRAG,TSX: BRAG) (” Bragg “or the” Company “), a global B2B gaming content and technology provider, today announced that it has closed the financing round of US$8.7 million pursuant to its previously announced convertible security financing agreement (the ” OK “) with Lind Global Fund II LP, an investment entity managed by The Lind Partners, a New York-based institutional fund manager (together ” Lind Bragg intends to use the financing for general corporate purposes and working capital.

Pursuant to the Agreement, the Company issued to Lind (i) a convertible security (a ” Convertible Security “) with a par value of US$10.0 million, and (ii) 979,048 warrants of the Company (the ” Mandates “) exercisable for 60 months from the date of issue with a warrant exercise price of C$9.28.

For more details on the terms of the Agreement and the Convertible Security, see the Company’s press release dated September 6, 2022.

The Toronto Stock Exchange (” TSX “) has conditionally approved the listing of the Common Shares underlying the Convertible Security and Warrants on the TSX. Listing is subject to the Company fulfilling all requirements of the TSX no later than late October 13, 2022.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein. The securities offered have not been registered under the United States Securities Act of 1933, as amended (the ” U.S. Securities Law “), or applicable state securities laws, and may not be offered or sold to, or for or for the benefit of, United States Persons or United States Persons (as both terms are defined in the Rules S promulgated under the U.S. Securities Act) in the absence of registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy. and there will be no sale of the Offered Securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

About Bragg Gaming Group

Bragg Playgroup(NASDAQ: BRAG,TSX: BRAG) is a content-driven iGaming technology provider and owner of leading B2B companies in the iGaming industry. Since its inception in 2018, Bragg has consistently expanded its operations across Europe, North America and Latin America and continues to grow as an international industry leader in the global online gaming market.

Through its wholly owned subsidiary ORYX Gaming, Bragg provides proprietary, exclusive and aggregated casino content through its in-house Remote Gaming Server (RGS) and distribution platform ORYX Hub. ORYX offers a complete turnkey iGaming solution, including its Player Account Management (PAM) platform, as well as managed operational and marketing services.

Based in Nevada, Wild Streak Gaming is Bragg’s 100% owned premium American gaming content studio. Wild Streak has a popular portfolio of casino games that are offered by land-based, online and social casino operators in global markets including the US and UK.

Nevada-based Spin Games is Bragg’s 100% owned B2B gaming technology and content provider and currently serves the US market. Spin holds licenses in major US states regulated by iGaming and provides Tier 1 operators in the region.

About Lind Partners

The Lind Partners manages institutional funds that are leaders in providing growth capital to listed small and mid cap companies in the US, Canada, Australia and the UK. Lind’s funds make direct investments ranging from US$1 million to US$30 million, invest in syndicated stock offerings and buy selectively in the market. Having made more than 100 direct investments totaling over US$1 billion in transaction value, Lind’s funds have been flexible and supportive financial partners for recipient companies since 2011. To learn more about Lind, please visit www .thelindpartners.com.

Caution Regarding Forward-Looking Information

This press release may contain forward-looking statements or “forward-looking information” within the meaning of applicable Canadian and United States securities laws (” forward-looking statements “). Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is planned”, “budget “, “expects”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or describes an “objective”, or a variation of these words and expressions or states that certain actions, events or results “may”, “could”, “will”, “might” or “will” be taken, occur or be achieved.

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those anticipated in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions set forth in or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of the factors that could affect any of the forward-looking statements. Key assumptions that have been made in connection with the forward-looking statements include the following: the completion of contemplated transactions under the financing agreement, the success of growth initiatives funded by the use of proceeds and other assumptions described in Bragg’s most recent MD&A. discussion and analysis, annual information form and other public disclosures available at www.sedar.com and on EDGAR at www.sec.gov.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from actual results, predictions, projections, forecasts, performance or future achievements expressed or implied by the forward-looking statements. These factors include, among others, the following: the fulfillment of the closing conditions of the financing agreement; risks associated with general economic conditions; adverse industry events; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources; inability to access sufficient capital on favorable terms; conducting growth estimates, income tax and regulatory matters; Bragg’s ability to implement its business strategies; competition; economic and financial conditions, including volatility in interest and foreign exchange rates, commodity and equity prices; the estimated size of the global games market; changes in customer demand; disruptions to our technology network, including computer systems and software; natural events such as severe weather, fires, floods and earthquakes; and risks related to health pandemics and communicable disease outbreaks, such as the COVID-19 outbreak.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause the actions, events or results are not those intended, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220912005980/en/

CONTACT: Yaniv Spielberg

Strategy Director

Bragg Playgroup

[email protected] Jaffoni, Richard Land, James Leahy

JCIR

212-835-8500 or [email protected]

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: CASINO/GAMING ENTERTAINMENT

SOURCE: Bragg Gaming Group

Copyright BusinessWire 2022.

PUBLISHED: 09/13/2022 16:05 / DISK: 09/13/2022 16:06

http://www.businesswire.com/news/home/20220912005980/en


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