Gaming Realms PLC (LON:GMR) wants permission to issue shares, if required, for a £3.5mln loan owing to mining and casino games group Jackpotjoy.
In December last year, Gaming Realms agreed to supply Jackpotjoy with Slingo-based real money services for ten years. The loan was agreed alongside that agreement and Gaming Realms is calling a meeting for permission to issue shares if Jackpotjoy elects to convert all or some of the loan.
Jackpotjoy is owned by JPJ PLC (LON:JPJ).