Home > Finance > Intema raises $10m to fund Loot.Bet deal

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.

Read the full story on iGB North America.

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