Amaya announced closing of us$ 10 million bought deal private placement

The Offering was conducted through a syndicate of underwriters led by Canaccord Genuity and including Laurentian Bank Securities.

In addition, Amaya has granted the Underwriters an over-allotment option exercisable at any time, in whole or in part, up to 30 days from the closing of the Offering, to purchase up to that number of additional common shares of Amaya equal to 15% of the Common Shares sold pursuant to the Offering, to cover over-allotments, if any, and for market stabilization purposes. If the Over-Allotment Option is exercised in full, the total gross proceeds to Amaya will be us$ 11,9 million.

Amaya intends to use the net proceeds of the Offering for the Chartwell acquisition announced on May 12, 2011, for various online gaming initiatives as well as for general corporate and working capital purposes.

It has paid the Underwriters an aggregate underwriting commission of CAD us$ 624,866 and has granted the Underwriters compensation options to purchase an aggregate number of 198,000 Common Shares, representing 6% of the total number of Common Shares sold pursuant to the Offering, at a price of us$ 3.15 per Common Share until June 15, 2013.

Amaya has received conditional listing approval from the TSX Venture Exchange for the Common Shares sold under the Offering, and the common shares underlying the Compensation Options. The Common Shares issued as part of the Offering are subject to a four-month plus one day statutory resale restriction ending on October 16, 2011.