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Bragg Gaming Group investor Legacy Eight offloads some shares, but holds onto large chunk

The private equity firm still owns 6,304,308 shares in Bragg Gaming after selling three million

Bragg Gaming Group - Bragg Gaming Group investor Legacy Eight sells 3 million shares, but holds onto larger chunk
Bragg Gaming Group identifies online gaming opportunities with a focus on both B2B and B2C gaming companies

Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) shares amounting to roughly three million were sold Thursday by the Legacy Eight Group Ltd, which specializes in identifying online gaming opportunities. 

In a statement, Legacy Eight said it disposed of ownership of an aggregate of three million shares of Bragg Gaming by way of a private agreement, which closed on Thursday at $0.25 cents per share to net $750,000.

Significantly, Legacy 8 still owns 6,304,308 shares in Bragg Gaming, representing approximately 7.89% of the issued and outstanding common shares on a partially diluted basis based on 79,863,851 shares outstanding.

READ: Bragg Gaming Group identifying online gaming opportunities in B2B and B2C arenas

Legacy Eight said it holds Bragg Gaming shares for investment purposes and may acquire or dispose of additional securities of the company.

Bragg Gaming Group was established in December 2018 to identify online gaming opportunities with a focus on both B2B and B2C gaming companies.

It has three core businesses: ORYX, an online casino technology group; GiveMeSport, a sports-focused media company, and Facebook’s largest sports publisher; as well as GiveMeBet, a UK-focused online sports betting brand and casino site that aims to draw viewers from GiveMeSport.

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

Quick facts: Bragg Gaming Group

Price: 0.19 CAD

Market: TSX-V
Market Cap: $15.17 m

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