LottoGopher Holdings Inc. (CSE: LOTO) (OTCQB: LTTGF) (FSE: 2LG) (“LottoGopher” or the “Company”) today announces the final closing of the previously announced financing (refer to news release dated May 31, 2018) (the “Offering”). The Company closed more than the targeted maximum, raising gross proceeds of CAD$1,518,625 at $0.075 per common share through the issuance of 20,248,333 shares.
All securities issued in connection with the second tranche of the Offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation ending on November 12, 2018. The net proceeds from the Offering will primarily be used for general working capital, acquisitions and marketing purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Proceeds of the Private Placement will be used for working capital and customer acquisition.
LottoGopher is a lottery messenger service that allows users to easily order and manage their state lottery tickets online using a debit or credit card. By allowing individuals to choose their numbers and safely order tickets for the official lottery drawings in California, LottoGopher makes it simple for users to keep track of their tickets and winnings. With LottoGopher, individuals can either play alone with a single ticket or create and join online public and private groups to pool winnings from California lotteries, including Mega Millions, Powerball and SuperLotto Plus. LottoGopher offers memberships that allow California Continue Reading