World Gaming Market Listing Date Revealed
Published: Friday, May 13, 2005 Online-Casinos.com
WORLD GAMING MARKET LISTING DATE REVEALED
Listing will help raise capital ans customers
The UK-based Internet-gaming software and e-business services group of companies World Gaming has followed up on its encouraging financial reports last week with an announcement on its expected admission to the Alternative Investment Market ("AIM") of the London Stock Exchange commencing May 17, 2005.
CEO Daniel Moran says that upon completion of an institutional offering, WG has agreed a placing price of 52.5 pence per share on the placing of GBP 2.5 million worth of new ordinary shares with such institutional investors upon admission to AIM.
The impending AIM listing has given the WG the opportunity to raise capital through institutional investment in the company's shares together with the ability in the future to strategically use shares traded on the AIM as currency for its acquisition moves. It is expected that existing ADR holders will continue to trade their shares on the OTC.BB market; however, they will be invited to transfer their shares to the AIM market should they wish to do so. Existing ADR holders will receive an explanatory communication prior to any listing on the AIM.
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