Gaming Innovation Group Inc. ("GIG") has today issued 210,000,000 new shares of its common stock in Connection with the acquisition of Betit Holdings Ltd. and the acquisition of the 10% minority interest in iGaming Cloud Ltd.
Gaming Innovation Group Inc. confirms that the new shares have been duly authorized by all necessary corporate action and that the new shares have been fully paid and validly issued. The Company's share capital has increased from USD 60,855,626.60 to USD 81,855,626.60, and the number of outstanding shares has increased from 608,556,266 to 818,556,266 (par value USD 0.10). The new shares are issued by the board of directors under the Company's 950,000,000 authorized shares.
GIG's holding of 7,965,000 treasury shares will as a consequence of the above be reduced from 1.31% to 0.97% of the new number of outstanding shares.