Golden Matrix Group announced that Aleksandar Milovanovi, the founder of wholly owned GMGI subsidiary, Meridianbet, has agreed to convert $2,000,000 of debt owed to him from the Company’s recent acquisition of Meridianbet into equity in the Company. The debt, previously held by Mr. Milovanovi in the form of a convertible note totalling $2,805,671, will now be reduced to $805,671 as part of this agreement. This strategic decision highlights Milovanovi’s confidence in Golden Matrix Group’s performance and his commitment to ensuring the Company continues its significant growth trajectory.
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