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Gaming Innovation Group – Issue of new shares
Gaming Innovation Group Inc. (GiG) has today issued 1,777,873 new shares of its common stock for the earn-out consideration in connection with the acquisition of Sportnco Gaming SAS (“Sportnco”), ref. GiG’s 2022 Annual Report and Exemption Document dated 13 July 2022. The earn-out consideration for Sportnco’s performance in 2022 were EUR 8,495,280 whereby 50% has been paid in cash and 50% in shares. The shares have been issued to the former shareholders of Sportnco at a share price of NOK 27.60 for a total consideration of EUR 4,247,640.
In addition, GiG has today issued 39,650 new shares of its common stock in connection with exercise of options, whereof 25,000 shares at a share price of NOK 15.00 per share and 14,650 at a share price of NOK 22.00 per share. Included are the 25,650 options exercised in April, ref announcement on 11 April 2023.
The new shares are issued by the Board of Directors under the Company’s 150,000,000 authorized shares, and the Company confirms that the new shares have been duly authorized by all necessary corporate actions and that the new shares have been fully paid and validly issued. The Company’s share capital has increased from USD 127,132,038 to USD 128,949,561, and the number of outstanding shares has increased from 127,132,038 to 128,949,561 (par value USD 1.00). In addition, a total of 2,732,950 options are outstanding as of today.
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Kaizen Foundation joins forces with Friends of the Earth Malta
The Kaizen Foundation has announced today a three-year partnership with Friends of the Earth Malta (FoEM). FoEM is part of Friends of the Earth, the world’s largest grassroots environmental network with a presence in 74 countries. This collaboration will support FoEM’s efforts to create a hub for environmental education at Il-Forn ta’ Kemmuna, a long-term project that aims to highlight the ecological and historical significance of Comino island. The project’s aim is to restore the historic bakery that once sustained the small farming community living on Comino decades ago. The building will be transformed into a zero-impact facility that educates visitors about the island’s unique ecology.
Panos Konstantopoulos, President of the Kaizen Foundation, commented: “This new partnership with Friends of the Earth Malta aligns perfectly with our mission to support long-term, impactful initiatives that improve quality of life. The environment is one of the core pillars of our Foundation and this project on Comino island promotes both environmental awareness and conservation. Aiming to serve as a force for positive change on a global scale, we are delighted that this partnership launches the Kaizen Foundation’s activities in Malta, following projects in Greece, Romania, and Germany. Cooperating with NGOs like FoEM, as well as with local communities is key for bringing about meaningful change and expanding the impact of our support.”
Il-Forn ta’ Kemmuna was conceptualised by FoEM’s director, Martin Galea De Giovanni, who came across the bakery as a young adult, while camping with friends. Watching the building fall into neglect, he conceived the idea of turning it into a centre for education about Comino’s natural beauty and historical significance. Comino (Kemmuna in Maltese), a small island in the Maltese archipelago, is home to a wealth of endemic flora and fauna and has been designated as a Natura 2000 site, the highest form of environmental protection in the European Union.
The bakery, located near Santa Maria Bay and surrounded by unspoiled nature (16,400m²), will operate with zero emissions, incorporating renewable energy, rainwater harvesting, wastewater treatment, and waste management systems, thus serving as a model for sustainable development. Il-Forn ta’ Kemmuna will host a programme of events designed to connect visitors and communities with the natural landscape of Comino. Activities shall include walks in nature, beekeeping and permaculture workshops, while also celebrating Maltese heritage through traditional bread-making. The restoration will also focus on preserving the bakery’s historic oven, one of the few remaining traditional ovens in Malta. Initial restoration work on the building began in 2024.
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The post The Booming Games charge continues with Buffalo Hold & Win Extreme 10,000 appeared first on European Gaming Industry News.
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