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  • Bragg gaming (BRAG) announced it has closed out its earn-out payment obligations owed to K.A.V.O. as a vendor
  • Matevž Mazij will file an early warning report under the SEDAR profile of Bragg Gaming at sedar.com
  • Prior to the transaction, Matevž Mazij had beneficial ownership of and exercised control or direction over 1.49 per cent of the issued and outstanding common shares
  • The TSX Venture Exchange still has to approve this, and the common shares of Bragg issued to satisfy the second earn-out payment will also be subject to a statutory four-month hold period
  • Bragg Gaming is down 3.83 per cent and is trading at C$2.51 per share at 11:19 AM EST

Bragg gaming (BRAG) announced it has closed out its earn-out payment obligations owed to K.A.V.O. as a vendor.

CEO of Bragg Gaming Adam Arviv is thrilled that Matevž Mazij is committing to Bragg with the conversion of earn-out to equity.

The head office of Bragg is located in Toronto, Ontario.

Matevž Mazij will file an early warning report under the SEDAR profile of Bragg Gaming at sedar.com.

“His unparalleled knowledge of gaming technology and the content will be invaluable to Bragg as we continue our global expansion,” he said.

“I’m excited to continue to play a role in Bragg’s growth,” said Mr. Mazij.

“With our market-leading technology and strong pipeline, I’m confident that the Company is on track to be a leader in the rapidly expanding global gaming market,” he added.

Prior to the transaction, Matevž Mazij had beneficial ownership of and exercised control or direction over 1.49 per cent of the issued and outstanding common shares.

Once the transaction has gone through, it was stated that Matevž Mazij will become a "control person" of Bragg, and exercise control over 27.02 per cent of the outstanding common shares on a non-diluted basis.

The TSX Venture Exchange still has to approve this, and the common shares of Bragg issued to satisfy the second earn-out payment will also be subject to a statutory 4-month hold period.

Bragg Gaming is a gaming group in the hopes to develop into a global gaming force.

Its main portfolio asset is ORYX Gaming which is a business-to-business gaming platform, i-gaming platform, casino content, managed sportsbook service provider.

Bragg Gaming is down 3.83 per cent and is trading at C$2.51 per share at 11:19 AM EST.

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