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Playgon Games ( (TSE:DEAL) ) has issued an announcement.
Playgon Games Inc. has completed a ‘shares for debt’ transaction, issuing over 65 million common shares to settle $657,204.10 of debt, primarily interest payments on unsecured debentures. Additionally, the company has extended the maturity dates of certain debentures to May 3, 2025, with interest continuing to accrue. This strategic move aims to manage financial obligations and strengthen Playgon’s financial position, potentially impacting its market standing and stakeholder relations.
More about Playgon Games
Playgon Games Inc. is a SaaS technology company that specializes in developing and licensing digital content for the iGaming market. The company offers a multi-tenant gateway enabling online operators to provide innovative iGaming software solutions, including Live Dealer Casino and E-Table games. Playgon’s products are designed as turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and large database companies.
YTD Price Performance: 50.0%
Average Trading Volume: 175,521
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$5.97M
For detailed information about DEAL stock, go to TipRanks’ Stock Analysis page.