Polygon Games Announces Secured Promissory Note With Pure Live Entertainment
Polygon Games Announces Secured Promissory Note With Pure Live Entertainment
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2024) - Playgon Games Inc. (TSXV: DEAL) (OTC Pink: PLGNF) (FSE: 7CR) ("Playgon" or the "Company"), a propriety SaaS technology company delivering 'state of the art' mobile live dealer technology and eTable games to online gaming operators globally announces that it has entered into a secured promissory note (the "Note") with Pure Live Interactive Ltd. (the "Noteholder"), a related party of Playgon, pursuant to which the Noteholder has agreed, for a period of 6 months following closing (the "Term"), to make available to Playgon, in the Noteholder's sole discretion, one or more advances of immediately available funds over the Term, which advances would carry an annual interest rate equal to 10% per annum (the "Loan") accruing as of the date of the relevant advance until the Loan is paid in full.
溫哥華,不列顛哥倫比亞省--(基本報表Corp。- 2024年10月30日) - Playgon遊戲公司(tsxv: DEAL)(場外交易粉紅單:PLGNF)(FSE: 7CR)("Playgon"或"公司"),一家專有SaaS科技公司,爲全球在線遊戲運營商提供「最先進」的移動實時荷官技術和電子桌遊,宣佈已與Pure Live Interactive Ltd.(「持票人」)簽署了一份有擔保的應收票據(「票據」),持票人同意,在結束後的6個月內(「期限」),在持票人單方面決定的情況下向Playgon提供立即可用資金的一項或多項進度,這些進度將於相關進度日期起計至貸款全額支付,按年計息10% (「貸款」)積累。
All advances made pursuant to the Note shall be guaranteed by a guarantee granted by Playgon Interactive Inc. ("Interactive"), Playgon Malta Limited ("Playgon Limited") and Playgon Malta Holding Limited ("Playgon Holding"), subsidiaries of Playgon, in favor of the Noteholder and secured by a grant of security interest in all of Playgon's and Interactive's (including its subdiaries) present and after acquired personal property , a pledge of the shares held by Playgon in Playgon Holding and a pledge of the shares of Playgon Holding in Playgon Limited, as further specified in the applicable security agreements. The aggregate unpaid principal amount of the Loan, all accrued and unpaid interest and all other amounts payable under the Note shall be due and payable as at the expiry of the Term. Playgon may, at its discretion, prepay the Loan, in whole or in part at any time and from time to time by paying the principal amount to be prepaid, together with accrued interest thereon to date of prepayment. Playgon is also subject to various covenants and obligations under the Note customary for transactions of this nature.
根據票據進行的所有進度均應由Playgon Interactive Inc.(「Interactive」),Playgon Malta Limited(「Playgon有限公司」)和Playgon Malta Holding Limited(「Playgon控股」)提供的擔保牽頭,這是Playgon的子公司,有利於持票人,並受所有Playgon和Interactive(包括其子公司)現有和取得後的個人財產的擔保利益授予,Playgon在Playgon Holding擁有的股份的質押以及Playgon Holding在Playgon Limited擁有的股份質押,如適用保障協議中進一步詳細說明的。貸款的未支付本金總額,所有已計息且未支付的利息以及票據項下應支付的所有其他金額應在期限屆滿時到期和支付。Playgon有權自行決定隨時全額或部分償還貸款,並隨時支付已預付的本金金額,以及截至償還日已應計的利息。Playgon還受到票據下各種因此類交易而慣常的契約和義務約束。
Net proceeds received by the Company pursuant to advances made under the Note are intended to be used by the Company for operating expenses, general corporate purposes and capital expenditures.
公司根據票據下的預付款項收到的淨收益擬用於營業費用,一般公司用途和資本支出。
The Noteholder is a company owned by Ms. Kathleen Crook, a current "control person" of Playgon. The sole director and officer of the Noteholder is Mr. James Penturn, the current chairman of the Company. The Loan constitutes a "related party transaction" in accordance with TSXV Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101"). Playgon intends to rely on an available exemption pursuant to section 5.7(f) of MI 61-101 from the minority shareholder approval requirements.
持票人是一家由Kathleen Crook女士全資擁有的公司,她目前是Playgon的"主要控制人"。持票人的唯一董事兼執行官是James Penturn先生,也是公司的現任主席。該貸款屬於根據tsxv規則5.9和多邊法令61-101("MI 61-101")的"關聯方交易"。Playgon打算依賴於根據MI 61-101第5.7(f)條提供的豁免,免除少數股東批准的要求。
The Loan remains subject to the final approval of the TSX Venture Exchange ("TSXV"). The TSXV has conditionally approved the Loan for an amount of up to CAD$5 million. While there are no assurances that Playgon will obtain such amounts, any amounts intended to be disbursed above CAD$5 million will require further approval of the TSXV. On closing of the Loan, the Noteholder will make an initial advance of USD$350,000 to the Company, in gross proceeds.
該貸款仍需獲得tsx創業公司最終批准。tsxv已有條件地批准貸款金額高達500萬加元。雖然無法保證Playgon將獲得這些金額,但預計撥付超過500萬加元的任何金額都將需要tsxv的進一步批准。在完成貸款交易後,持票人將向公司提供35萬美元的初始撥款,總收益。
Board Changes
董事會變更
The Company is also announcing that, effective as of the date hereof, and due to the nature of this agreement and to mitigate any potential conflict of interest issues, Mr. James Penturn, the current chairman and a member of the board of Playgon, has tendered his resignation to the Company. Mr. Darcy Krogh, the current chief executive officer and member of the board, will be appointed as chairman of the Company and Mr. Mike Marrandino will continue to act as lead independent director.
公司還宣佈,自即日起,基於本協議的性質併爲減少任何潛在利益衝突問題,Playgon的現任主席及董事會成員James Penturn先生已向公司提交了辭職信。公司的現任首席執行官兼董事會成員Darcy Krogh將被任命爲公司的主席,而Mike Marrandino先生將繼續擔任主任獨立董事。
"On behalf of Playgon, I would like to thank Jim for the continued and unwavering support of the Company," said Darcy Krogh CEO of Playgon. "Jim's contribution to the executive team and the board has been invaluable."
"我代表Playgon,要感謝Jim對公司持續不懈的支持,"Playgon的首席執行官Darcy Krogh說。"Jim對執行團隊和董事會的貢獻是無法估量的。"
About Playgon Games Inc.
本新聞稿包含前瞻性語句,無限制地可能包含相信,期望,預計,估計,計劃或類似表達。此類前瞻性語句並不保證未來業績。它們涉及風險,不確定性和假設,實際結果可能會與預期的結果有所不同。前瞻性聲明基於管理層在發表聲明時的意見和估計,並且受各種風險和不確定性以及可能導致實際事件或結果與前瞻性聲明中所述的有所不同的其他因素的影響。除歷史事實外,本新聞稿中的聲明以及Playgon的口頭聲明或其他書面聲明均爲前瞻性的,並涉及風險和不確定性。在任何前瞻性信息的背景下,請參閱風險因素詳細說明,以及2023年12月31日年度審計財務報表以及2023年12月31日年度管理討論和評價以及其他與加拿大證券監管機構的申報文件。請讀者注意,不要過度依賴這些前瞻性聲明。本新聞稿中包含的前瞻性聲明代表Playgon目前的期望。Playgon不承擔任何更新或修訂任何前瞻性信息的意圖,也不承諾根據適用的證券法規定。
Playgon is a SaaS technology company focused on developing and licensing digital content for the growing iGaming market. The Company provides a multi-tenant gateway that allows online operators the ability to offer their customers innovative iGaming software solutions. Its current software platform includes Live Dealer Casino, E-Table games, which, through a seamless integration at the operator level, allows customer access without having to share or compromise any sensitive customer data. As a true business-to-business digital content provider, the Company's products are ideal turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies. For further information, please visit the Company's website at .
適用於Playgon Games Inc的關於
For further information, contact:
Mike Marrandino, Director
Tel: (604) 722-5225
Email: mikem@playgon.com
更多信息,請聯繫: Mike Marrandino,董事
電話:(604)722-5225
電子郵件地址:mikem@playgon.com
本發佈含有前瞻性聲明。不限於,前瞻性聲明可能包含相信,期望,預計,估計,計劃或類似表達。前瞻性聲明並不保證未來業績。它們涉及風險,不確定性和偏見,並且實際結果可能會與預期的結果不同。前瞻性聲明基於管理層在發表聲明的日期的意見和估計,並受風險和不確定性和可能導致實際事件或結果與前瞻性聲明中所述的有所不同的其他因素的影響。除歷史事實外,本新聞稿中的聲明以及口頭或其他書面聲明,都是前瞻性的,並涉及風險和不確定性。在任何前瞻性信息的背景下,請參閱風險因素詳細說明。您還應該查看Playgon Games的重要基本報表。請您注意,本新聞稿中的前瞻性聲明代表Playgon Games Inc的預期,根據目前可用的信息依據管理層的判斷作出,我們不保證將來實現這些預期,也不承擔任何更新或修改任何前瞻性聲明的義務,因爲新的信息,未來事件的發生或其他因素可能會使先前的預期和看法發生變化,因此不能依此而無謂地依賴我們作出決策。
Forward-Looking Statements
前瞻性聲明
This release contains forward-looking statements, including with respect to the Loan generally, including what advances, if any, will be made available to the Company, the Company's intended use of proceeds and the final approval of the TSXV. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements are not guaranteeing of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except for historical facts, the statements in this news release, as well as oral statements or other written statements made or to be made by Playgon, are forward-looking and involve risks and uncertainties. In the context of any forward-looking information please refer to risk factors detailed in, as well as other information contained in the Company's audited financial statements for the year ended December 31, 2023 and Management Discussion and Analysis for the year ended December 31, 2023 and other filings with Canadian securities regulators (). Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release represents Playgon's current expectations. Playgon disclaims any intention and assumes no obligation to update or revise any forward-looking information, except if required by applicable securities laws.
This release contains forward-looking statements, including with respect to the Loan generally, including what advances, if any, will be made available to the Company, the Company's intended use of proceeds and the final approval of the TSXV. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements are not guaranteeing of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except for historical facts, the statements in this news release, as well as oral statements or other written statements made or to be made by Playgon, are forward-looking and involve risks and uncertainties. In the context of any forward-looking information please refer to risk factors detailed in, as well as other information contained in the Company's audited financial statements for the year ended December 31, 2023 and Management Discussion and Analysis for the year ended December 31, 2023 and other filings with Canadian securities regulators (). Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release represents Playgon's current expectations. Playgon disclaims any intention and assumes no obligation to update or revise any forward-looking information, except if required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX tsx Venture交易所及其監管服務提供商(如TSX Venture交易所的政策中所定義的那樣)不承擔此發佈的充分性或準確性的責任。
譯文內容由第三人軟體翻譯。