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| Home : Bingo.com Closes $700,000 Private Placement |
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Sep 30
2014 |
Bingo.com Closes $700,000 Private Placement |
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ANGUILLA, BRITISH WEST INDIES--(Marketwired - Sept. 29, 2014) - Bingo.com, Ltd. (OTCQB:BNGOF), owner of the popular online bingo community http://www.bingo.com, today announced it has closed a private placement of 1,000,000 common shares at $0.70 per share to raise net proceeds of $700,000. The shares have been placed with a non-US private company.
"The funds raised in this private placement will be used to finance the on-going development and marketing of Trophy Bingo," commented Jason Williams, Bingo.com's CEO. "Trophy Bingo is a patent-pending social bingo product that is currently available worldwide on Android devices and is coming soon to Apple's iPhones and iPads. The game is currently in a phase of live development and tuning as we prepare for large scale marketing efforts once the game's metrics surpass our targets. While on-going modifications to the game continue, performance metrics thus far have outperformed our expectations and we remain confident in the game's long-term potential. With this latest financing secured, we do not anticipate requiring any further funds to complete the development of Trophy Bingo." |
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| Source:http://www.marketwired.com/mw/release.do?id=1951690&sourceType=3 |
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