Press Release 2016
Shoal Games Ltd. Announces Third Quarter Results
ANGUILLA, B.W.I., November 14, 2016 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) http://www.shoalgames.com (“the Company”), owner of Trophy Bingo (http://www.trophybingo.com), a mobile game live in the Apple, Google and Amazon App Stores, Garfield’s Bingo (http://www.garfieldsbingo.com), and Rooplay (http://www.rooplay.io), today announced its unaudited financial results for the third quarter ended September 30, 2016. All amounts are presented in United States dollars and are in accordance with United States Generally Accepted Accounting Principles.
Shoal Games Concludes it’s Rights Offering
ANGUILLA, B.W.I., October 18, 2016 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) http://www.shoalgames.com (“the Company”), owner of Trophy Bingo (http://www.trophybingo.com), Garfield’s Bingo, and Rooplay today announced the completion of its Rights offering raising CAD$107,168 from the issuance of 172,681 common shares at an average price of CAD$0.626 per share. 49.9% of the shares issued were from the exercise of 861,723 Rights and 51.1% from those holders utilizing the Additional Subscription Privilege for over-allotment of shares. The Rights offering was only eligible for Canadian shareholders and Accredited shareholders in other jurisdictions under certain circumstances.
Shoal Games Extends Rights Offering to October 12
ANGUILLA, B.W.I., October 5, 2016 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) http://www.shoalgames.com (“the Company”), owner of Trophy Bingo (http://www.trophybingo.com), Garfield’s Bingo, and Rooplay today announced that further to the TSXV Exchange Bulletins dated, July 15, 2016 and July 19, 2016, the maturity date for the Rights Offering has been extended by 1 day due to the Thanksgiving Holiday.
For those wishing to exercise their Rights by submitting the Rights Certificate and payment directly to Computershare it is still recommended to submit them to Computershare as early as possible as per the directions on the Rights Certificate prior to noon on Tuesday, October 11, 2016.
Shoal Games Licenses Rooplay and Provides Corporate Update
ANGUILLA, B.W.I., September 9, 2016 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) http://www.shoalgames.com (“the Company”), owner of Trophy Bingo (http://www.trophybingo.com), a mobile game live in the Apple, Google and Amazon App Stores, and Garfield’s Bingo, currently in production and scheduled for a Q4 2016 release, today announced it is entering into a licensing arrangement with Rooplay Inc. to commercialize its innovative cloud-based gaming platform and consumer brand Rooplay. Initially developed in London, UK, the technology platform will be advanced by Shoal Games to prepare a unique product for launch in 2017. According to TechNavio cloud gaming will experience a CAGR (Compound Annual Growth Rate) of 29.33% during the period 2016-2020. Shoal Games will release more information on the development of its cloud gaming initiative in the coming months.
As part of the terms of the agreement, the co-founders of Rooplay, John Streit and Amir Shadmand, will assume advisory roles in Shoal Games to assist in the advancement of the technology and the launch of the product. John Streit has over 17 years of technology leadership, strategy, project management, technical architecture and digital production expertise. Until recently, John was the CTO OgilvyOne worldwide, London where he led local and dispersed teams of more than 100 members in the development and delivery of software applications to large commercial organisations. Amir Shadmand holds a PhD degree in mobile telecommunications from the King’s College London where he received a number of awards and grants in his research. Amir is an expert in mobile cloud gaming technologies and is the co-founder and CEO of SUPENTA, the makers of Flitchio which is the world’s first smartphone case with a built in game controller.
Shoal Games Ltd. Announces Rights Offering
ANGUILLA, B.W.I., June 30, 2016 / Shoal Games Ltd. (TSX-V : SGW) (OTCQB : SGLDF) http://www.shoalgames.com (“the Company”), announces that it will be offering rights (the “Offering”) to holders of its common shares (the “Common Shares”) of record at the close of business on July 5, 2016 (the “Record Date”) expiring October 11, 2016 (“Expiry Date”). The Offering will be made to all Company shareholders resident in Canada (the “Qualified Jurisdiction”). The Offering notice and circular have been accepted for filing by the TSX Venture Exchange.
Shareholders of record on the Record Date will receive one right (a “Right”) for each Common Share held. Ten Rights plus the sum of $0.60 (the “Subscription Price”) will entitle the holder to subscribe for one Common Share (a “Rights Share”). The Subscription Price will escalate during the term of the Offering. Holders of Rights who subscribe for Rights Shares on or after August 16, 2016 will be required to pay a Subscription Price of $0.65 per Rights Share. Holders of Rights who subscribe for Rights Shares on or after September 16, 2016 and prior to the Expiry Time will be required to pay a Subscription Price of $0.70 per Rights Share. Rights will be evidenced by transferable rights certificates (each, a “Rights Certificate”). The Rights expire at 4:00 p.m. (EST) (the “Expiry Time”) on the Expiry Date, October 11, 2016, after which time unexercised Rights will be void and of no value. Shareholders who fully exercise their Rights are entitled to subscribe pro rata for additional Common Shares, if available, that were not subscribed for initially on or before the Expiry Time. The maximum number of common shares issuable pursuant to the Offering will be 5,953,564. The completion of the Offering is not subject to the Company receiving any minimum amount of subscriptions. There is no standby commitment for the purchase of Rights Shares that are available to be purchased, but are not subscribed for, at the Expiry Time of the Offering.