Bragg Gaming Group Inc (TSE:BRAG) has released an update.
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Bragg Gaming Group Inc has secured a US$7 million note financing deal with entities controlled by Doug Fallon, a senior company figure and founder of Wild Streak Gaming. The note, which has a one-year maturity and carries a 14% annual interest rate, is aimed at bolstering the company’s balance sheet and supporting strategic growth initiatives following a year of strong financial performance. Proceeds are intended for general working capital and strategic purposes, under conditional approval from the Toronto Stock Exchange.
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