NYX Gaming Group Completes Initial Public Offering

Dec 30, 2014, 09:12 ET from NYX Gaming Group Ltd.

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

LAS VEGAS, NV, Dec. 30, 2014 /CNW/ - NYX Gaming Group Ltd. ("NYX Gaming Group") announced today 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 Cdn$3.50 per share. The initial public offering and secondary offering resulted in aggregate gross proceeds of Cdn$20.0 million to NYX Gaming Group and Cdn$25.0 million to the Selling Shareholders, for total aggregate gross proceeds of Cdn$45.0 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 Cdn$3.50 to cover over-allotments, if any, and for market stabilization purposes.

McCarthy Tétrault LLP acted as Canadian counsel to NYX Gaming Group and Stikeman Elliott LLP acted as Canadian counsel to the underwriters.

About NYX Gaming Group

NYX Gaming Group is headquartered in Las Vegas with development out of Stockholm and Sydney. The group provides market leading content and technology to some of the largest lotteries, casinos and gaming operators across the globe. The Las Vegas office provides social poker and casino solutions out of the group headquarters.

The game development studio of NYX Gaming Group, NextGen Gaming, is a leading platform agnostic provider of slots, providing entertainment for players and profits for operators.

The technology division, NYX Interactive, specializes in developing gaming system solutions for World Lottery Association members, media companies and both private and publicly listed gaming companies worldwide. Through its Open Platform System (OPS™), operators can take advantage of products and services, including their own, all managed via a single interface. Using its fully hosted Open Gaming System (OGS™), licensees can leverage the best in multi-vendor gaming content from around the world.

Through the recent acquisition of Ongame Networks, NYX Gaming Group offers NYX Poker as a B2B poker network both in Europe and the United States.

NYX Gaming Group is a proud recipient of the Special Achievement Award from EGR Magazine, which recognized the group's consistent growth and innovation in multiple e-gaming verticals.

No securities regulatory authority has either approved or disapproved the contents of this press release. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of NYX Gaming Group Ltd. in any jurisdiction in which such offer, solicitation or sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any U.S. state securities law and may not be offered or sold in the United States except in compliance with the registration requirements of said Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE NYX Gaming Group Ltd.