Private Placement KC, Hate to say I told you so, Markets don't lie, look forward to your novel sized explanation, GL
PLAYGON Announces Intention to Complete a Private Placement
VANCOUVER, BC / ACCESSWIRE / October 28, 2021 /Playgon Games Inc. (TSX-V:DEAL / OTCQB:PLGNF / Frankfurt:7CR) ("Playgon" or the "Company"), a propriety SaaS technology company delivering mobile live dealer technology to online gaming operators globally, is pleased to announce that it intends to complete a non-brokered private placement of units of the Company ("Units") at a price of $0.30 per Unit for aggregate gross proceeds to the Company of up to $5,000,000(the "Proposed Offering"). Each Unit will be comprised of one common share of the Company ("Common Shares")and one half of one common share purchase warrant of the Company ("Warrants"), with each whole Warrant entitling the holder thereof to acquire one Common Share at a price of $0.50 per Common Share for a period of 24 months from the closing date of the Proposed Offering. The maturity date of the Warrants will be subject to prior acceleration following closing of the Proposed Offering, at the discretion of the Company, should the Common Shares trade at a price of $1.00 per share or greater for a period of 20 consecutive trading days, the whole in accordance with the terms of the Warrants. Each Unit (including the underlying securities) will be subject to a hold period of four months plus one day following the closing of the Proposed Offering.