Gaming Corps invests via convertible loans at Vavel Game Studio and takes them to the Swedish Stock Exchange
Gaming Corps Board (Nasdaq: GCOR) has agreed to form a new Swedish parent company for the US gaming company Vavel Game Studio ("Vavel") in a deal aimed at listing Vavel at a Swedish MTF stock exchange in 2018.Gaming Corps will invest up to 250 KUSD in up to three tranches via convertible loans that can be exchanged for shares to a company valuation of 25 MSEK. In addition, Gaming Corps owns the right to acquire as many shares as the convertible loan can be exchanged through warrants to the same company valuation over the same duration. Gaming Corps ownership in Vavel will be approx 14,8