ANGUILLA, BRITISH WEST INDIES--(Marketwired - Mar 2, 2016) - Shoal Games Ltd. (TSX VENTURE:SGW)(SGLDF) http://www.shoalgames.com ("the Company"), owner of Trophy Bingo, an innovative, non-gambling, social bingo game, http://www.trophybingo.com, today announced the receipt of an Initiating Report issued by Fundamental Research Corp. The Research Report, dated March 1, 2016 can be found on the Company's investor website: http://investor.shoalgames.com/private-placement/ and is also available by contacting, Sid Rajeev, the analyst at Fundamental Research whose information appears at the bottom of this release.
Since 2003, Fundamental Research Corp has provided the highest institutional quality equity research coverage on over 450 small and micro cap public and private companies through their extensive distribution network. Their research is being used by some of the largest institutional investors in the world who access it through channels such as Reuters, S&P Capital IQ, The Globe and Mail, and by subscription. Their goal from the start has been to provide high quality research to a broad audience, while adhering to high ethical standards and a strong foundation of integrity.
Fundamental Research Corp. is hosting an analyst call to discuss this report, followed by an investor Q&A session with Shoal Games CEO Jason Williams and Executive Chairman Tarrnie Williams on March 17th at 10 am PST (1 pm EST). Below are the conference details:
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5 minutes before the call, please click : https://global.gotomeeting.com/join/337831221
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Then join the call by dialing: Canada +1 (647) 497-9380
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USA +1 (669) 224-3319
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United Kingdom: +44 (0) 20 3713 5011
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Access Code: 337-831-221
Shoal Games is presently conducting a CAD$2.0 million private placement of 3,333,333 common shares at CAD$0.60 per share (the "Share Offering"). The Share Offering will be conducted in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario with subscribers qualified under the Offering Memorandum exemption available in section 2.9 of National Instrument 45-106. For more information please visit http://investor.shoalgames.com/private-placement/.
Proceeds raised will be used to increase marketing and expansion of the Company's mobile game, Trophy Bingo, which is currently live in the Apple, Google, and Amazon App Stores.
For full details of the Company's operations and financial results, please refer to the Securities and Exchange Commission website at www.sec.gov or the Shoal Games Ltd. corporate website at http://investor.shoalgames.com or on the www.sedar.com website.