March 5, 2007
Bingo.com, Ltd. Announces Private Placement Closing
Anguilla, B.W.I., April 14, 2005 / Bingo.com, Ltd. (OTC BB: BNGOF), announced today that it has closed a non-brokered private placement offering of 1,339,667 common shares at US$0.75 per share which has raised gross proceeds of US$1,004,750. The private placement was completed under Regulation S. Proceeds of the private placement will be used for general working capital and as a reserve for potential future acquisitions.
With the completion of this private placement Bingo.com has positioned itself to expand its user base and increase revenue by taking advantage of global market opportunities, remarked Tarnie Williams, CEO of Bingo.com.