News Release
Jackpot closes the oversubscribed non-brokered private placement financing of $575,000
VANCOUVER, BRITISH COLUMBIA. December 5, 2017 – Jackpot Digital Inc. (the “Company” or “Jackpot”) (TSX-V: JP) (TSX-V: JP.WT) (US OTCQB: JPOTF) (Frankfurt & Berlin Exchanges: LVH1). Further to the Company’s News Release dated November 15, 2017, the Company is pleased to announce that it has closed the oversubscribed non-brokered private placement financing in two tranches whereby Jackpot raised gross proceeds of $575,000 and has issued 11,500,000 units of the Company at $0.05 per unit. Each unit consists of one common share of the Company and one non-transferable share purchase warrant to acquire an additional common share of the Company at the price of $0.06 for a period of 5 years. In respect to this private placement, the Company issued finder’s shares to 544449 BC Ltd. as to 100,000 shares; Mackie Research Capital Corporation as to 530,000 shares and 132,500 warrants; PI Financial Corp. as to 50,000 shares and 12,500 warrants; and Kingsdale Capital Corporation as to 300,000 shares and 75,000 warrants. The broker warrants are exercisable at $0.06 per share for a period of two years.
All the securities that have been issued in connection with the first tranche closing of this private placement are subject to a hold period which expires on March 29, 2018, and the securities that have been issued in connection with the second and final tranche closing of this private placement are subject to a hold period which expires on April 2, 2018.
About Jackpot Digital Inc.
Jackpot Digital Inc. is a leading electronic table games manufacturer and mobile gaming provider for the cruise ship industry and regulated casino industry. The Company specializes in multiplayer gaming products, including poker and casino games, which are complimented by a robust suite of backend tools for operators to efficiently control and optimize their gaming business.
For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681-0204 ext 6105, or visit the Company’s website at www.jackpotdigital.com.
On behalf of the Board of
Jackpot Digital Inc.
“Jake H. Kalpakian”
_____________________________
Jake H. Kalpakian
President & CEO
