Le Lézard
Classified in: Mining industry, Business
Subjects: TNM, CON

Poydras Gaming Finance Corp. Announces Debentureholder Approval of Amendments to Debentureholder Agreement



Allows Poydras to Proceed with its Acquisition of the Integrity Companies and Provides Additional Flexibility to Pursue Growth Strategy

MILL VALLEY, CA, July 2, 2015 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSX-V: PYD) ("Poydras" or the "Company") is pleased to announce that over 80% of the holders of its 11% Convertible Debentures (the "Debentures"), well above the required majority of 66 %, have approved the Proposed Amendments to the indenture governing the Debentures. This approval enables the Company to:

"The pending acquisition of the Integrity Companies, in addition to our agreement with the Tonkawa Tribe of Indians of Oklahoma, have provided us with a diversified financial base and a strong platform for growth in 2015 and beyond," said Peter Macy, Chief Executive Officer of Poydras. "The increased financial flexibility provided by the Debentureholders' approval has opened up access to additional capital needed to fund our growth."

For additional information please see the SEDAR website at www.sedar.com.

About Poydras Gaming Finance Corp.:
Poydras Gaming is focused on leasing and financing gaming machines (such as slot machines) and related capital expenditures for existing casinos, new casino developments and gaming machine suppliers in the United States. It owns and finances slot machines including long-term lease contracts across six casinos in Oklahoma and a financing agreement with a gaming machine supplier based out of California. Additional information about the Company can be found on the SEDAR website at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Poydras Gaming Finance Corp.


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News published on 2 july 2015 at 10:33 and distributed by: