NEWS!!! VANCOUVER, BC / ACCESSWIRE / April 24, 2017 / Sterling Group Ventures, Inc. (SGGV) is pleased to announce that Mojo Games Inc., its subsidiary, has transitioned a new partner to its Advanced iGaming Platform. Red Star Poker, a leading online gaming operator in Eastern Europe, has selected Mojo's iGaming Platform for its back office and plans to offer Mojo's table casino games in the near future.
Vlad Shushkovsky, CEO of Red Star, quoted, "We are committed to a successful long term partnership with Mojo Games, leveraging their Advanced iGaming Platform that allow us to provide our players with a fair, competitive and entertaining online gaming experience."
Sterling is pleased to announce that it has arranged a $703,992.00 private placement. Under the terms of the private placement, Sterling will issue 5,866,600 common shares at $0.12 and 5,866,600 Series "G" warrants. The Series "G" warrants are convertible at $0.15 with a term of 1 year, expiring April 21, 2018. The securities were sold for cash under written Subscription Agreements between the Company and several investors. The Corporation receives $703,992.00 in cash proceeds from the offering.
The shares were issued with a Rule 144 based upon the exemption from registration found in Section 4(2) and Regulation S of the Securities Act. Each purchaser for cash executed a written subscription agreement, had an opportunity to ask questions and receive answers from management, and was informed about the limitations on resale under Rule 144.
About Mojo Games, a division of Sterling Group Ventures
Mojo Games provides a B2B multi-gaming platform with a full suite of social play money gaming products, including online poker. Mojo offers B2B partners both API integrated and turnkey white label licensing options with advanced and customizable iGaming back-office features, player rewards and marketing, affiliate, and ecommerce solutions.
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