Intema raises $10m to fund Loot.Bet deal
| By Marese O'Hagan
Gaming technology company Intema has announced the completion of a second tranche of its non-brokered private placement of subscription receipts, totaling $4.2m, in order to fund its deal to acquire the owner of Loot.bet.
This brings the total gross proceeds to $10.0m, out of a maximum of $15.0m. The second tranche involved the issuance of 8.5 million subscription receipts at $0.50 each.
The private placement is happening in conjunction with Intema’s previously announced acquisition of Loot.bet owner Livestream Gaming’s issued and outstanding securities.