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Breaking Data to raise CAD$12m for Oryx Gaming acquisition

8th October 2018 5:45 am GMT

Toronto-listed Breaking Data Corp is looking to raise CAD$12m through a private placement of its subscription receipts to finance the acquisition of iGaming platform provider Oryx Gaming.

Breaking Data, owner of UK sports publisher GiveMeSport, has engaged New York-based investment firm Eight Capital to act as lead agent and sole bookrunner in connection with the private placement.

This is expected to be priced at $0.51 per subscription receipt, subject to approval by Toronto’s TSX Venture Exchange, raising gross proceeds [...]

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