INNOVA GAMING GROUP INC T.IGG

MM Asset Mgmt increases share position

[lscfa]

MM Asset Management Acquired Control Over Common Shares of Innova Gaming Group

 

 

TORONTO, ONTARIO--(Marketwired - March 24, 2017) - MM Asset Management Inc. ("MMAM") announced that it has acquired, on behalf of MMCAP International Inc. SPC ("MMCAP"), an investment fund advised by MMAM, an aggregate of 260,400 common shares ("Shares") of Innova Gaming Group Inc. ("Innova") through the facilities of the Toronto Stock Exchange.

Following the acquisition of these 260,400 Shares, MMAM exercises control or direction over 2,304,500 Shares, which represents, as at March 24, 2017, approximately 11.40% of Innova's 20,220,900 outstanding Shares, as reported by Innova in its Management Discussion and Analysis dated November 10, 2016.

MMAM has acquired such securities for investment purposes only. Depending on market conditions and other factors, MMAM, on behalf of MMCAP, may from time to time acquire additional securities of Innova or dispose of such securities in the open market, by private agreement or otherwise.

[RockLobster1]

seems like the 2.10 will be a floor for the final price... I think it will go through unless a better offer comes up, which I think is quite possible. I usually sell and move on when there is an offer, but will hold and see what happens... this buying indicates it won't go for 2.10 without some others taking a look. good luck

[gharrison1]

Based on Pollard's stock price since the announcement of the offer, Pollard would be hard pressed to walk away from the deal. Based on Pollard's total gains in market cap, IGG has a lot more negotiation room. This will close higher than 2.10.

[RockLobster1]

thanks I never thought to look... the deal reallyi woke them up... from $8 to 10... huge increase in Mkt Cap compared to this one... not sure if there are other reasons, but seems that 2.10 is seen as a steal by their shareholders... Hopefully our board will be able to ensure we are not stolen.