Evergreen Gaming makes third amendment to Maverick dealEvergreen Gaming makes third amendment to Maverick deal EVERGREEN GAMING CORPORATION ANNOUNCES THIRD AMENDMENT TO ARRANGEMENT AGREEMENT WITH MAVERICK GAMING LLC
Evergreen Gaming Corp. has entered into a third amending agreement dated Dec. 8, 2022, to the previously announced arrangement agreement between the company, Maverick Gaming LLC, Maverick Acquisition Canada ULC (Acquisitionco) and Len Libin, in his capacity as shareholder representative, dated Sept. 8, 2022, and the plan of arrangement contemplated thereunder, as amended by an amending agreement, dated Nov. 30, 2022, and a second amending agreement dated Dec. 6, 2022. Under the Dec. 6, 2022, amended arrangement agreement, as amended by the new amending agreement, Acquisitionco will acquire all of the outstanding common shares of Evergreen at a price of 65 U.S. cents per share, subject to adjustment as set out in the first amended arrangement agreement, as summarized in the news release of the company dated Nov. 30, 2022, by way of a statutory plan of arrangement under Section 288 of the Business Corporations Act (British Columbia). In all other material respects, the transaction contemplated in the Dec. 8 Amended Arrangement Agreement is the same as the transaction contemplated in the December 6 Amended Arrangement Agreement. The New Amending Agreement will be filed on SEDAR. The transaction provides total consideration, subject to potential adjustment, of approximately US$80.475 million.