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Intertain Debentures and Warrants to Commence Trading on July 16, 2014(July 14, 2014)
TORONTO, ONTARIO -- (Marketwired) -- 07/14/14 -- The Intertain Group Limited ("Intertain" or the "Company") (TSX:IT) announces that it has received confirmation from the TSX that the debentures and warrants issued by the Company today will commence trading on July 16, 2014.
The debentures and warrants were issued as part of equity-linked debenture units consisting of one $1,000 senior secured debenture and 40 warrants. In addition, warrants were also issued as part of equity units consisting of one common share and one quarter of one warrant.
The warrants are exercisable at a price of $7.75 per warrant until July 10, 2016. Each warrant is subject to a 30-day forced exercise provision at the Company's option if the Company's daily volume weighted average share price has been 50% greater than the exercise price (namely greater than $11.62) for 20 consecutive trading days.
The warrants and debentures will trade under the symbols IT.WT and IT.DB.A, respectively.
About The Intertain Group Limited
Intertain is an online gaming company, which provides entertainment to a global consumer base. Intertain currently offers casino, bingo and poker games to its customers using the InterCasino, InterPoker, Costa and other brands. The InterCasino and InterPoker gaming platform is supplied by Amaya Gaming Group Inc. and its bingo offering operates off of the Dragonfish platform, a leading bingo software service provided by 888 Holdings plc.
Information in this press release that is not current or historical factual information may constitute forward-looking information, including future-oriented financial information and financial outlooks, within the meaning of securities laws, including the timing and value of revenue and earnings growth potential. This information is based on certain assumptions regarding expected growth, results of operations, performance, and business prospects and opportunities. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Forward-looking information is subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what the Company currently expects. These risks, uncertainties and other factors include, but are not limited to: credit, market, currency, operational, liquidity and funding risks, including changes in economic conditions, interest rates or tax rates, limited operating history, the heavily regulated industry, competition issues, the impact of change in regulations or industry standards, international operations and risks of foreign operations, the Company's capital structure, funding strategy, share price and the Company's ability to protect its intellectual property. Except as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.
The Intertain Group Limited
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