Golden Matrix Group Inc. Annou

LAS VEGAS, NV / ACCESSWIRE / October 27, 2021 / Golden Matrix Group Inc. (OCTQX: GMGI) (the “Company”), a developer and licensor of online gaming platforms, systems and content, today announced the closing of its previously announced registered direct offering to certain institutional investors, whereby the company sold approximately $ 3.5 million of its common shares and warrants.

Pursuant to the securities purchase agreement, the Company sold 496,429 common shares and warrants to purchase 496,429 common shares. The warrants are exercisable immediately and have an exercise price of $ 8.63 per share. The warrants will expire three years from the date of issue. The purchase price for a common share and a corresponding warrant was $ 7.00. The gross proceeds to the Company from the registered direct offer are estimated to be approximately $ 3.5 million before the deduction of sales agent fees and other estimated offering costs.

The Company currently intends to use the net proceeds of the Offering for general corporate and working capital purposes. The Company may also use all or part of the net proceeds of the offering to finance possible investments or acquisitions of businesses or complementary assets, but the Company does not currently have any agreement or commitment regarding an investment or an acquisition.

EF Hutton, a division of Benchmark Investments, LLC, acted as the exclusive placement agent for the offering.

The securities described above have been offered and sold in accordance with a current “shelf” registration statement on Form S-3 (File No. 333-260044) filed with the Securities and Exchange Commission (the “SEC” ) on October 5, 2021 and declared in effect on October 15, 2021. The registered direct offering of the securities was made by means of a prospectus supplement which forms part of the registration statement in force. The final prospectus supplement and accompanying base prospectus for the securities offered under the registered direct offering were filed with the SEC on October 27, 2021.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any jurisdiction in which such an offer, solicitation or sale would be illegal prior to the registration or qualification under the title laws of that jurisdiction.

Copies of the prospectus supplement relating to this registered direct offering, as well as the accompanying prospectus, can be obtained on the SEC’s website at or from EF Hutton, a division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department, or by email at [email protected] or call (212) 404-7002. Interested parties should read in their entirety the Prospectus Supplement and accompanying Prospectus and other documents that the Company has filed / will file with the SEC which are incorporated by reference in this Prospectus Supplement and the Prospectus that does so. accompanies, which provide more information about the Society and the offering.

About Golden Matrix Group Inc.

Golden Matrix Group, based in Las Vegas NV, is an established gaming technology company that develops and owns online gaming intellectual property and builds configurable and scalable white label gaming platforms for its international customers, currently located primarily in the Asia-Pacific region. Gaming IP includes tools for marketing, acquiring, retaining, and monetizing users. The company’s platform is accessible through desktop and mobile apps. Our sophisticated software automatically denies any request for play or redemption from the United States, in strict compliance with applicable US law.

Forward-looking statements

Certain statements made in this press release contain forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). These forward-looking statements represent the Company’s current expectations or beliefs regarding future events and can generally be identified using statements that include words such as “estimate”, “expect”, “project”, ” believe “,” anticipate “,” intend, “” plan “,” predict “,” foresee “,” likely “,” will “,” target “or similar words or expressions. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are beyond the control of the Company that could cause actual results to differ materially from results expressed or implied in forward-looking statements, including, but not limited to the impact of the COVID-19 pandemic on the Company; the need for additional financing, the conditions for such financing and the availability of such financing; the Company’s ability to make acquisitions on favorable terms bles, if applicable; the Company’s ability to manage growth; disruption caused by acquisitions; the dependence of the Company on its management; the fact that the Chief Executive Officer of the Company has control of the votes over the Company; relations with related parties; the potential effect of economic downturns and market conditions on the operations and outlook of the Company; the Company’s ability to protect confidential information; the Company’s ability to compete in its market; the Company’s lack of effective internal controls; dilution caused by efforts to secure additional funding; the effect of future regulations, the Company’s ability to comply with regulations and the potential penalties for failure to comply with such regulations; risks associated with gambling fraud, user cheating and cyber attacks; risks associated with system failures and failures in the technology and infrastructure on which the Company’s programs are based; currency and currency risks; the outcome of contingencies, including legal proceedings in the ordinary course of business; the ability to compete with existing and new competitors; the ability to manage the expenses associated with sales and marketing and the necessary general, administrative and technological investments; and general consumer sentiment and economic conditions that may affect the levels of discretionary purchasing by customers of the Company’s products, among others. Forward-looking statements speak only as of the date on which they are made. The Company does not undertake to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, made in this press release or in any of its filings with the Securities and Exchange. Commission (SEC), whether as a result of new information, future events or otherwise that occur after this date, unless otherwise provided by law. Therefore, you should not view such a list as a complete set of all potential risks and uncertainties. Further information on potential factors that could affect the Company’s financial results is included from time to time in the sections “Forward-looking statements”, “Risk factors” and “Management’s discussion and analysis of financial position and results. operations ”of the Company’s periodic report. and pending SEC filings, including Forms 10-Q and 10-K, filed with the SEC and available at

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Contact: Scott Yan
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