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Article: Fortuna Signs Engagement Letter With Daniel Stewart and Company to Assist With Raising $25 Million USD in Debt and Equity.
- Article from:
- PR Newswire
- Article date:
- February 16, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, Feb. 16 /PRNewswire-FirstCall/ -- Fortuna Gaming Corp., (BULLETIN BOARD: FGAM) , ( the "Company") is pleased to announce that it has engaged Daniel Stewart and Company plc ("Daniel Stewart") to provide financial and advisory services in connection with the Company's proposed acquisition of the G-FED Games Group of Companies ("G-FED") as announced on December 6, 2005. G-FED, (http://www.g-fedgames.com/) is a developer and licensor of world class online gaming software and related services.
Under the terms of the purchase agreement, the Company will pay a total of $18 mil usd for a 100% interest in the G-FED Group of Companies, representing a 4 x multiple ...