Bragg Gaming Announces Receipt for Final Short Form Prospectus and Deemed Exercise of Special Warrants

TORONTO and LONDON, March 14, 2019 /CNW/ - Bragg Gaming Group Inc. ("Bragg" or the "Company") (TSXV: BRAG) is pleased to announce that it has filed a final short form prospectus ("Prospectus") and obtained a receipt (the "Receipt") in each of the provinces of British Columbia, Alberta and Ontario to qualify the distribution of 27,058,802 units (the "Units") issuable upon the deemed exercise of 27,058,802 equity special warrants (the "Special Warrants") of the Company previously issued on December 20, 2018 on a private placement basis pursuant to prospectus exemptions under applicable securities legislation (the "Offering").  Each Unit is comprised of one common share of the Company and one common share purchase warrant, with each warrant exercisable into a common share of the Company at an exercise price of $0.76 per share until November 29, 2020.

The Prospectus also qualifies the distribution of 1,601,784 compensation options (the "Compensation Options") issuable upon exercise of 1,601,784 special warrant compensation options (the "Special Warrant Compensation Options") of the Company which were issued to Eight Capital, Canaccord Genuity Corp. and Haywood Securities Inc. (collectively, the "Agents") as partial consideration for their services rendered in connection with the Offering.  Each Compensation Option is exercisable into a Unit at an exercise price of $0.51 per Unit until November 29, 2020.

As a result of obtaining the Receipt, the Company has delivered a notice to the special warrant agent that the Special Warrants shall be deemed to be exercised on March 14, 2019. The Special Warrant Compensation Options shall also be deemed exercised on March 14, 2019 in accordance with their terms. Following the deemed exercise of the Special Warrants and the Special Warrant Compensation Options, the Company will issue the Units to the purchasers under the Offering, and the Compensation Options to the Agents.

For more information on the Offering, please refer to the Prospectus, as well as the Company's news release dated December 20, 2018, available on the Company's profile on SEDAR at www.sedar.com.

About Bragg Gaming

Bragg Gaming Group is a next generation gaming group, formed by a group of gaming industry veterans. Built on the foundation of the recently acquired Oryx, a turn-key gaming solution provider in a significant growth stage, Bragg focuses on the newly emerging area of legalized U.S. sports betting and the burgeoning e-sports industry, paving the way to become a global leader in the new gaming frontier.

SOURCE Bragg Gaming Group

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