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FastForward Innovations Buys 41.15% Stake in Leap Gaming
It had been verified on Monday that FastForward Innovations Ltd. has obtained a short 29.4% stake in provider of 3D technology for the worldwide gambling industry Leap Gaming.
The investment represents FastForward’s first foray in to the gambling industry, although it is certainly trying to invest in that specific sector. The organization is about to obtain another 11.76per cent stake in the video gaming provider within the next 30 days, hence bringing its interest in Leap Gaming to 41.15percent top 10 canadian online casinos. FastForward is to pay the amount that is total of3.5 million. It’s to invest in its acquisition that is latest with existing money resources.
The organization initially subscribed for 693 units in Leap Gaming for the amount that is total of2.5 million in cash top canadian online casinos, equaling a 29.4per cent stake. As stated above, FastForward is to obtain 277 units in the future thirty days for the total amount of $1 million in cash. New shares equaling $250,000 are granted upon the deal’s conclusion.
Most of the time, FastForward is famous to become a technology and biotechnology investor looking to expand and develop its portfolio of investees in various company sectors. The purchase of a 41.15per cent fascination with Leap Gaming brings the true amount of FastForward investee businesses to eight.
Commenting in the latest statement, FastForward CEO Lorne Abony stated in a declaration that the Leap Gaming investment is indicative real online casinos of the commitment to follow their core strategy. Read more…