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Bullboard - Stock Discussion Forum Tangelo Games Corp. IPRSF

"Tangelo Games Corp is engaged in developing and selling social casino games. The company primarily designs, develops and distributes social casino-themed games within online social networks such as Facebook, Mobile platforms, Portal and other. It derives revenue through the in-game sale of virtual coins most of it is accounted through Facebook."

GREY:IPRSF - Post Discussion

Tangelo Games Corp. > Here you go nomo or is this old news
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Post by Danorrn on Jan 09, 2015 12:09am

Here you go nomo or is this old news

Found this on a gaming site dated January 5th..."Imperus announced a debt financing agreement with Third Eye Capital for $45 million (US$40 million) and an equity raise through Dundee Capital for an additional $20 million to purchase Diwip Ltd. – an independent supplier of proprietary software with 24 million registered customers." If financing is done then should be a matter of crossing t's and dotting i's?
Comment by Bangkokboy on Jan 09, 2015 12:25am
It looks to me like a summary of the original announcement that the site just recently posted. Lets hope the 2 sides are sipping champaign as I don't really want this to go the weekend without an announcement. I'd be lying if I said I'm not a little nervous.
Comment by nomomoney24 on Jan 09, 2015 8:06am
Danorrn - The deal for the $45MIL only goes thorough if Imperus raises the 20MIL the deal stipulates Imperus has to have 10MIL in working capital the other 10Mil goes to all the cost a fees of this deal. Deal should get done it's in Dundees best intrest to close the deal they receive a lot of warrents.