TSX VENTURE COMPANIES
BRAGG GAMING GROUP INC. ("BRAG")("BRAG.WT")
BULLETIN TYPE: Graduation, Miscellaneous
BULLETIN DATE: January 25, 2021
TSX Venture Tier 1 Company
Graduation
TSX Venture Exchange has been advised that the Company's shares and warrants will be listed and commence trading on Toronto Stock Exchange at the opening on January 27, 2021, under the symbols "BRAG" and "BRAG.WT".
As a result of this Graduation, there will be no further trading under the symbols "BRAG" and "BRAG.WT" on TSX Venture Exchange after January 26, 2021, and its shares and warrants will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.
Miscellaneous
Pursuant to the TSX Venture Exchange (the "Exchange") bulletin dated November 20, 2020, 14,786,125 warrants (each, a "Warrant") of the Company were listed for trading on the Exchange under the symbol "BRAG.WT".
These warrants were issued under a warrant indenture dated November 18, 2020 pursuant to the Company's short form prospectus dated November 13, 2020. Each Warrant entitles the holder to purchase one common share of the Company at a price of $1.00 per share, subject to an acceleration clause.
Per the terms of the underlying warrant indenture, if the daily volume weighted average trading price of the Company's shares on the Exchange exceeds $1.50 for ten (10) consecutive trading days (the "Acceleration Trigger"), the Company is entitled to accelerate the expiry date of the Warrants to a date thirty (30) days from the date notice of such acceleration is provided to holders of Warrants.
The Company has now delivered to holders of Warrants a notice of the occurrence of the Acceleration Trigger and its election to accelerate the expiry date of the Warrants to February 22, 2021.
Accordingly, any Warrants that have not been exercised by 4.30 p.m. (Toronto time) on February 22, 2021 will automatically be cancelled.
The Company has advised that, as of January 21, 2021, 14,483,103 Warrants remained outstanding, which will be listed on Toronto Stock Exchange with the revised expiry date as of February 22, 2021.
For more information, please refer to the Company's news releases dated January 19 and January 21, 2021.
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