We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Entertainment Gaming Asia Incorporated | NASDAQ:EGT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.34 | 1.69 | 3.00 | 0 | 01:00:00 |
HONG KONG, Sept. 9, 2014 /PRNewswire/ -- Entertainment Gaming Asia Inc. (NASDAQ: EGT) ("Entertainment Gaming Asia" or "the Company"), a gaming company focused on emerging gaming markets in Pan-Asia, today announced that it has set a record date of September 15, 2014 for its proposed offering of subscription rights to purchase shares of its common stock at a price of $0.54 per share.
On August 13, 2014, the Company filed with the U.S. Securities and Exchange Commission ("SEC") a Registration Statement on Form S-1 with respect to the offering. The rights offering will be made to the holders of record of the Company's common stock as of September 15, 2014. Each shareholder as of the record date will receive 0.92278 non-transferable subscription rights for each share of common stock held by the shareholder as of the record date. Each subscription right will allow its holder to purchase one share of common stock of the Company, at a price of $0.54 per share, over the 30-day period following the date of distribution. The Company intends to apply the proceeds from the rights offering towards the development of future casino and gaming club projects, expanding its slot participation operations and general working capital for its gaming products division.
The rights offering is subject to the effectiveness of the Registration Statement filed with the SEC.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may neither be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Persons wishing to receive a written prospectus for the rights offering may contact:
Morrow & Co., LLC
By telephone: (203) 658-9400 or (800) 662-5200
By email: egtinfo@morrowco.com
SOURCE Entertainment Gaming Asia Inc.
Copyright 2014 PR Newswire
1 Year Entertainment Gaming Asia Incorporated Chart |
1 Month Entertainment Gaming Asia Incorporated Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions