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Shoal Games Ltd. Extends Private Placement To June 7th, 2016
Shoal Games Ltd. Extends Private Placement To June 7th, 2016
ANGUILLA, B.W.I., May 30th, 2016 / Shoal Games Ltd. (TSX-V “SGW”) (OTCQB: “SGLDF”) (“the Company”), owner of Trophy Bingo (http://www.trophybingo.com), a mobile game live in the Apple, Google and Amazon App Stores, and Garfield Bingo, currently in production and scheduled for a Q4 2016 release, announces that it will extend the closing date for the second stage of its current private placement (the “Offering”) to June 7th, 2016. To date the Company has closed on Offering proceeds of CAD$902,760. Stockhouse Publishing will continue to host the Offering through its online Deal Room at www.Stockhouse.com. Shares issued on closing of the Offering have a four month hold period from the date of issue. Final approval of the TSX Venture Exchange has been received for the Offering.
Q1 2016 Form 10-Q
Q1 2016 Form 10-Q
| Item | Description | File |
| 101.ins XBRL | Instance Document | sgldf-20160331.xml |
| 101.xsd XBRL | Taxonomy Extension Schema Document | sgldf-20160331.xsd |
| 101.cal XBRL | Taxonomy Extension Calculation Linkbase Document | sgldf-20160331_cal.xml |
| 101.def XBRL | Taxonomy Extension Definition Linkbase Document | sgldf-20160331_def.xml |
| 101.lab XBRL | Taxonomy Extension Labels Linkbase Document | sgldf-20160331_lab.xml |
| 101.pre XBRL | Taxonomy Extension Presentation Linkbase Document | sgldf-20160331_pre.xml |
Note: To download XBRL documents, right click on the link and
select save link as or save target as depending on internet browser.
Shoal Games Ltd. Announces First Quarter Results
Shoal Games Ltd. Announces First Quarter Results
ANGUILLA, B.W.I., May 9, 2016 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) http://www.shoalgames.com (“the Company”), owner of Trophy Bingo (http://www.trophybingo.com), a mobile game live in the Apple, Google and Amazon App Stores, and Garfield Bingo, currently in production and scheduled for a Q4 2016 release, today announced its unaudited financial results for the first quarter ended March 31, 2016. All amounts are presented in United States dollars and are in accordance with United States Generally Accepted Accounting Principles.
Recent Shoal Games Ltd. highlights include:
- Total revenue for the quarter ended March 31, 2016, was $110,559, an increase of 29% from revenue of $85,535 in the fourth quarter of 2015.
- Sales and marketing expenses from continuing operations were $201,587 for the quarter ended March 31, 2016, a decrease of 40% from sales and marketing expenses of $337,130 in the fourth quarter of 2015.
- MGABPPU (Monthly Gross Average Bookings Per Purchasing User) was $22.38, an increase of 28% from MGABPPU of $17.51 in the fourth quarter of 2015.
- Subsequent to the quarter ended March 31, 2016, the Company secured the brand rights to produce Garfield Bingo.
- Subsequent to the quarter end, the Company closed the first phase of it’s $2 million private placement for 1,504,600 common shares at $0.60 / share which raised proceeds of CAD$ 902,760.
Shoal Games Ltd. Closes First Stage of $2 Million Private Placement
Shoal Games Ltd. Closes First Stage of $2 Million Private Placement
ANGUILLA, B.W.I., May 5th, 2016 / Shoal Games Ltd. (TSX-V “SGW”) (OTCQB: “SGLDF”) (“the Company”), announces that it has closed on the distribution of 1,504,600 common shares at $0.60 per share (the “Offering”) which raised proceeds of CAD$ 902,760. The Offering was 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. Stockhouse Publishing hosted the Offering through its online Deal Room.
The Company is seeking to close the balance of its $2 million private placement through the participation of qualified accredited investors. Closing of the second stage of the private placement is scheduled for the end of May 2016. Stockhouse Publishing will continue to host the Offering through its online Deal Room at www.Stockhouse.com. Shares issued on closing of the Offering have a four month hold period from the date of issue. Final approval of the TSX Venture Exchange has been received for the Offering.
Fundamental Research Analyst Idea of the Week
Fundamental Research Analyst Idea of the Week
April 18, 2016 | Shoal Games Ltd. (TSXV: SGW) announced today that it has licensed the rights to Garfield, the iconic cartoon cat and the protagonist of the Garfield comic strips. Paws Inc. is the sole owner of the copyrights and trademarks of Garfield.
This deal allows Shoal Games to launch a mobile game that will feature Garfield and the rest of the famous Garfield cast. Shoal estimates that the new Garfield Bingo game will be launched in late 2016. According to management, the game will instantly appeal and capture the attention of the 17 million Facebook fans of Garfield. As a result, management expects much lower player acquisition costs for the new game. They estimate that the Garfield mobile apps have generated over 30 million downloads since inception.