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Praetorian sells stake in Bingo.com

19th November 2010 9:20 am GMT

Bingo.com Limited has announced that one of its major shareholders, Praetorian Capital Management LLC, has sold all of its 8,675,999 shares in the company, representing 13.58 per cent of the total issued and outstanding shares of Bingo.com.

Praetorian Capital Management is a Delaware limited liability company which served as investment manager and advisor to Praetorian Offshore Ltd which directly owned the shares in Bingo.com.

“We would prefer not to be exiting this investment at this time,” said [...]

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