Press Release 2017
Shoal Games Ltd. Raises US$1,010,763 in Financing
ANGUILLA, B.W.I., September 29, 2017 / Shoal Games Ltd. (TSX-V:SGW) (OTCQB:SGLDF) (the “Company”), mobile software developer, owner, and publisher of Rooplay (http://www.rooplay.com) and the Rooplay Originals games featuring Garfield, Moomin, and Mr. Men & Little Miss today announced that it has completed the first tranche of its non-brokered private placement financing previously announced on September 12, 2017. The Financing totaled US$1,010,763 (the “Financing”) and consisted of 2,887,895 units priced at US$0.35 per unit (“Units”). Each Unit was comprised of one common share and one share purchase warrant. Each share purchase warrant is exercisable into one common share of the Company for 12 months following closing. The exercise price of the warrants is US$0.44 per share for the first six months following closing and US$0.52 per share for the period which is 7-12 months following closing.
Shoal Games Ltd. Provides Corporate Update and Announces Proposed Financing
ANGUILLA, B.W.I., September 12, 2017 – Shoal Games Ltd. (TSXV: SGW) (OTCQB: SGLDF) (“the Company”), mobile software developer, publisher, and owner of Rooplay (http://www.rooplay.com) and the Rooplay Originals games featuring Garfield, Moomin, and Mr. Men & Little Miss today released a general corporate update and announced that it intends to complete a non brokered private placement financing for gross proceeds of up to US$1,120,000.
Shoal Games announced that it has entered into an agreement with IMImobile to distribute and monetize games on their platform. The IMImobile platform delivers content to mobile carriers such as MTN, Vodafone, AT&T and many others. Shoal Games has uploaded games into the IMImobile platform and is presently coordinating a multi-market launch on the platform across MTN’s network of more than 200 million mobile subscribers in more than 20 countries for rollout over the coming months.
Shoal Games also provided an update on the status of Anguilla BWI after hurricane Irma hit the Island. No major damage was done to the Shoal Games corporate headquarters. While no Shoal Games assets were impacted by the storm, the Company would like to express sympathy for all those that have sustained damage from the hurricane in the past week.
Shoal Games Secures License to the Mr. Men & Little Miss Brand
ANGUILLA, B.W.I., July 31, 2017 – Shoal Games Ltd. (TSXV: SGW) (OTCQB: SGLDF) (“the Company”), mobile software developer, publisher, and owner of Rooplay (http://www.rooplay.com), today announced that it has licensed the rights to the Mr. Men and Little Miss brand owned by Sanrio Co., Ltd. Created by Roger Hargreaves in 1971, the popular children’s book series has sold more than 250 million copies in 28 countries. Popular in many regions of the world, Mr. Men and Little Miss score a 98% for brand awareness in the UK where the brand is iconic.
Shoal Games Announces Q2 2017 Results
ANGUILLA, B.W.I., July 27, 2017 – Shoal Games Ltd. (TSXV: SGW) (OTCQB: SGLDF) (“the Company”), mobile software developer, publisher, and owner of Rooplay (www.rooplay.com) and the Rooplay Originals games featuring Garfield, today announced its unaudited financial results for the second quarter ended June 30, 2017. 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:
- Signed Global license of the popular Moomins brand
- Development of Garfield Checkers and Garfield Chess games
- Launch of 12 Rooplay Original games featuring Garfield as stand alone apps
- Successful closing of a private placement raising CAD$1.045 million
“The second quarter of 2017 saw the Rooplay strategy continue to come to fruition with the launch of 10 Rooplay Original stand alone games featuring Garfield,” commented Jason Williams Shoal Games CEO. “Rooplay Original games are produced by Shoal Games and are published onto the Rooplay platform which makes our content offering of over 500 EdTech games stronger. In addition, the Rooplay Original games are also published as stand alone apps in the Google Play store which generate free traffic and send players to Rooplay when they want more game content. This strategy is live and is just one of many strategies that Shoal Games uses to generate free traffic into Rooplay. Our content strategy is to deliver a huge quantity of quality education and entertainment games onto Rooplay all featuring popular brands. Over the coming months, we will be releasing a variety of games for a global audience featuring Garfield, the Moomins, and many more brands that have strong global demand. This growth in player traffic we expect will turn into long term recurring revenue.”
Shoal Games Ltd. Closes Canadian $1,045,000 Financing
ANGUILLA, B.W.I., June 20, 2017 / Shoal Games Ltd. (TSX-V:SGW) (OTCQB:SGLDF) (the “Company”), mobile software developer, owner, and publisher of Rooplay (www.rooplay.com) and the Rooplay Originals games featuring Garfield, today announced that it has closed the non-brokered private placement financing previously announced on June 8, 2017. The oversubscribed financing totaled Canadian $1.045 million (the “Financing”) and consisted of 2,323,779 units priced at Canadian $0.45 per unit (“Units”). Each Unit was comprised of one common share and one share purchase warrant. Each share purchase warrant is exercisable into one common share of the Company for 12 months following closing. The exercise price of the warrants is Canadian $0.55 per share for the first six months following closing and Canadian $0.65 per share for the period which is 7-12 months following closing.