Press release from CNW Group
Amaya grants options
Wednesday, December 05, 2012
MONTREAL, Dec. 5, 2012 /CNW/ - Amaya Gaming Group Inc. ("Amaya" or the "Corporation") (TSXV: AYA), an entertainment solutions provider for the regulated gaming industry, announced today that it granted an aggregate of 1,660,000 options to officers, employees, directors and consultants of Cadillac Jack, Inc. ("Cadillac Jack"), of which 800,000 were issued to officers and insiders of the company, on November 30, 2012 at an exercise price of $4.24 per share. Cadillac Jack is a wholly owned subsidiary of Amaya that was acquired by the Corporation on November 5, 2012. Amaya also issued 387,500 options on September 4, 2012 to officers and directors of the Corporation at an exercise price of $4.20 per share. The closing trading price of Amaya's common shares on the prior trading day was $3.75. The date of SEDI filing of this transaction was September 7, 2012.
Each of the options described above is exercisable to acquire one common share of Amaya and is subject to the provisions of the stock option plan of the Corporation. The expiration date of the options is five years following the date of issuance. The options will vest annually over a period of four years. The options granted have been approved by the Board of Directors.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Founded in 2004, Amaya Gaming Group Inc. is a technology based gaming provider for the regulated gaming industry. An expansive global organization, present in North America, Latin America, Europe, and Asia, Amaya is an innovator in the gaming world.
Headquartered in Montreal, Canada, Amaya provides a host of services and solutions that range from: online and mobile casino games and platforms, traditional and mobile lotteries, hospitality in-room entertainment systems, management systems, content suites, advisory and management services, and integrity monitoring and auditing systems for the regulated gaming markets. For more information please visit www.amayagaming.com or www.amayaonline.com.
SOURCE: AMAYA GAMING GROUP INC.
For further information:
416-815-0700 ext. 251