secwatch.observer — SEC 8-K summary
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Issuer:     Elys BMG Group, Inc. (—)
CIK:        0001080319
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001017386-23-000271
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elys Game Technology closes $2.9M private placement of 12% convertible debentures and warrants
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- Sold 2,876 units at $1,000 each for total proceeds of $2.876M; each unit has a 12% convertible debenture and warrants.
- Debentures convertible at $0.40/share (Gold Street at $0.42), mature in 3 years; warrants exercisable at same prices for 5 years.
- Investors include related parties: Gold Street Capital (spouse of Executive Chairman) and Braydon Capital (brother of Chairman).
- Proceeds will fund working capital for launch of U.S./Canadian online channel and mobile app.
- Debentures are secured by a senior security interest in all company assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080319/000101738623000271/0001017386-23-000271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080319/000101738623000271/elys_2023jul17-8k.htm
  HTML page:      https://secwatch.observer/filing/0001017386-23-000271

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