International edition
September 23, 2020

Firm also inked a preferred supplier licensing agreement with a subsidiary of Amaya

NYX Gaming Group announces closing of acquisition of Chartwell and CryptoLogic

NYX Gaming Group announces closing of acquisition of Chartwell and CryptoLogic
NYX Gaming Group Limited announced that it has completed its previously announced acquisition of the entire issued share capital of Amaya (Alberta) Inc., formerly Chartwell Technology Inc. and CryptoLogic Limited from Amaya Inc. ("Amaya") for an initial p
Canada | 08/03/2015

NYX Gaming Group Limited announced that it has completed its previously announced acquisition of the entire issued share capital of Amaya (Alberta) Inc., formerly Chartwell Technology Inc. and CryptoLogic Limited from Amaya Inc. ("Amaya") for an initial purchase price consisting of USD 110M in cash, subject to a customary working capital adjustment, and the issuance of USD 40M  exchangeable preferred shares of a subsidiary of NYX to Amaya.

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YX also entered into a preferred supplier licensing agreement with a subsidiary of Amaya to provide certain casino gaming content to Amaya's real-money casino offering, which will be integrated into the PokerStars and Full Tilt branded casino websites.

The Initial Purchase Price was financed through a combination of: (i) the net proceeds of the Company's$105,075,000 bought deal public offering (the "Offering") of $60,075,000 equity subscription receipts and$45 million debt subscription receipts; and (ii) the net proceeds of the Company's private placement of $25 million debt subscription receipts to a US institutional investor (the "US Private Placement"). The Offering was conducted through a syndicate of underwriters led by Canaccord Genuity Corp. ("Canaccord Genuity") and included Cormark Securities Inc., National Bank Financial Inc., Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., Cantor Fitzgerald Canada Corporation, Global Maxfin Capital Inc. and Mackie Research Capital Corporation.

"We are very excited about the completion of the Acquisition and the partnership with Amaya, which will provide NYX with additional leading gaming content, a broader customer base and access to what we believe will be one of the world's largest online casinos. The long-term preferred supplier licensing agreement provides a fantastic opportunity to showcase our market leading content through direct exposure to the rapidly growing PokerStars and Full Tilt casino offering", said Matt Davey, CEO of NYX.

With the closing of the Acquisition, the equity subscription receipts have been automatically exchanged on a one-for-one basis for one ordinary share of NYX without payment of additional consideration or further action. In addition, the debt subscription receipts have been automatically exchanged on a one-for-one basis for debt units (each debt unit consists of one $1,000 9.0% senior secured debenture and 70 ordinary share purchase warrants) without payment of additional consideration or further action. The equity subscription receipts and the debt subscription receipts, which previously traded on the TSX Venture Exchange (the "TSXV") under the symbols "NYX.R" and "NYX.N", respectively, was delisted at the close of business Friday.

In aggregate, 13,500,000 ordinary shares, 4,900,000 warrants and $70,000,000 principal amount of debentures have now been issued and the ordinary shares, warrants and debentures issued pursuant to the Offering commenced trading on the TSXV on July 31, 2015. The warrants and debentures will trade under the symbols "NYX.WT" and "NYX.DB", respectively. 
Canaccord Genuity acted as exclusive financial advisor to NYX with respect to the Acquisition.

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