Does this NR not mean , $5.50+ is where....
management thinks the SP will be correct?
NYX Gaming Group Limited Announces Acquisition of Sportech-NYX Gaming, LLC
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
Reaffirming its Commitment to the North American Market
TORONTO, May 28, 2015 /CNW/ - NYX Gaming Group Limited ("NYX" or the "Company") (TSX-V: NYX) is pleased to announce that it has acquired the remaining 50% interest in Sportech-NYX Gaming, LLC ("SNG") from its joint-venture partner Sportech Games Holdco, LLC ("Sportech"). As a result of this acquisition, NYX now wholly-owns SNG (the "Acquisition"). The Acquisition signifies NYX's commitment to further expand its brand presence and customer relationships within North America.
NYX acquired SNG for consideration of up to C$25.1 million, payable as follows:
C$10.0 million in cash: C$5.0 million at closing;
C$5.0 million as early as within 3-business days post-closing of NYX's financing of the pending acquisition of the entire issued share capital of Amaya (Alberta) Inc., formerly Chartwell Technology Inc. and CryptoLogic Limited,
Up to C$3.0 million for non-New Jersey, USA customers acquired by SNG over the next 5 years (limited to C$1.0 million per new customer for a maximum total of three customers); and,
The remaining C$12.1 million to be satisfied through the issuance of 2,200,000 ordinary shares of NYX at C$5.50 per share within 8 business days of closing.