POYDRAS GAMING FINANCE CORP. ("PYD")("PYD.DB.U") BULLETIN TYPE: Consolidation BULLETIN DATE: April 29, 2016 TSX Venture Tier 2 Company
Pursuant to a special resolution passed by directors dated March 21, 2016, the Company has consolidated its capital on a ten (10) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening Monday, May 2, 2016, the shares of Poydras Gaming Finance Corp. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Internet Gaming and Entertainment' company.
Post - Consolidation Share Capitalization: unlimited shares with no par value of which 34,548,926 shares are issued and outstanding Escrow 4,615,292 shares are subject to escrow
Transfer Agent: Computershare Investor Services Inc. Trading Symbol: PYD (UNCHANGED) CUSIP Number: 73938Y 20 8 (new)
Convertible Debentures Capitalization: US$7,732,000 principal amount of Debentures of which 7,732 Debentures are issued and outstanding
Transfer Agent: Computershare Trust Company of Canada Trading Symbol: PYD.DB.U (UNCHANGED) CUSIP Number: 73938Y AA 7 (UNCHANGED)
Maturity Date: March 31, 2017 Conversion: The conversion price will be adjusted in accordance with the terms of the indenture such that the principal will be convertible at the holder's option into post-consolidation common shares at a conversion price of $3.30 per post-consolidation common share. ________________________________________
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