The transaction has been approved by both companies

Advisors support Cash Systems and GCA merger

2008-08-11
Reading time 19 seg

As announced last June 16, Global Cash Access will acquire Cash Systems for total aggregate consideration of approximately us$ 33 million which includes amounts to be paid for all of Cash Systems’ issued and outstanding shares of common stock at us$ 0.50 per share, all of Cash Systems’ outstanding convertible promissory notes and warrants for us$ 21 million plus accrued but unpaid interest, and other transaction related expenses.

The Transaction has been approved by the boards of directors of both companies.

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