Jackpot Digital (TSE:JJ) has released an update.
Jackpot Digital Inc. plans to raise Cdn$3 million through unsecured convertible debenture financing, offering a 10% annual interest rate and conversion options to common shares at discounted prices. The funds will primarily address a debt repayment due in July 2024, with the remainder allocated to production costs, regulatory fees, and general working capital. This strategic financial move promises significant interest savings for the company and is subject to regulatory approval.
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