NYX Gaming Group completes Initial Public Offering
01/01/2015 17:04
NYX Gaming Group on Tuesday said that it has successfully completed an initial public offering and secondary offering of its shares. In connection with the initial public offering, NYX Gaming Group issued 5,715,000 shares and an aggregate of 7,143,000 shares were sold by Verdane NVP II Associates SPV K/S and Verdane NVP II SPV K/S (the "Selling Shareholders") at a price of CUSD 3.50 per share, reported media. The initial public offering and secondary offering resulted in aggregate gross proceeds of CUSD 20 million to NYX Gaming Group and CUSD 25.0 million to the Selling Shareholders, for total aggregate gross proceeds of CUSD 45 million. NYX Gaming Group's shares will begin trading today on the TSX Venture Exchange under the symbol "NYX". The offering was made through a syndicate of underwriters led by Canaccord Genuity Corp. and comprised of Cormark Securities Inc., National Bank Financial Inc., Dundee Securities Ltd., Global Maxfin Capital Inc. and Mackie Research Capital Corporation. The Selling Shareholders have granted to the underwriters an option, exercisable for a period of 30 days following the closing of the offering, to purchase up to an additional 1,286,000 shares at CUSD 3.50 to cover over-allotments, if any, and for market stabilization purposes. McCarthy T‚trault LLP acted as Canadian counsel to NYX Gaming Group and Stikeman Elliott LLP acted as Canadian counsel to the underwriters.
01/01/2015 17:04
NYX Gaming Group on Tuesday said that it has successfully completed an initial public offering and secondary offering of its shares. In connection with the initial public offering, NYX Gaming Group issued 5,715,000 shares and an aggregate of 7,143,000 shares were sold by Verdane NVP II Associates SPV K/S and Verdane NVP II SPV K/S (the "Selling Shareholders") at a price of CUSD 3.50 per share, reported media. The initial public offering and secondary offering resulted in aggregate gross proceeds of CUSD 20 million to NYX Gaming Group and CUSD 25.0 million to the Selling Shareholders, for total aggregate gross proceeds of CUSD 45 million. NYX Gaming Group's shares will begin trading today on the TSX Venture Exchange under the symbol "NYX". The offering was made through a syndicate of underwriters led by Canaccord Genuity Corp. and comprised of Cormark Securities Inc., National Bank Financial Inc., Dundee Securities Ltd., Global Maxfin Capital Inc. and Mackie Research Capital Corporation. The Selling Shareholders have granted to the underwriters an option, exercisable for a period of 30 days following the closing of the offering, to purchase up to an additional 1,286,000 shares at CUSD 3.50 to cover over-allotments, if any, and for market stabilization purposes. McCarthy T‚trault LLP acted as Canadian counsel to NYX Gaming Group and Stikeman Elliott LLP acted as Canadian counsel to the underwriters.
