Snipp interactive announces closing of purchase of minority stake by bally's corporation

Parties close on non-brokered private placement and commercial agreements vancouver, bc / accesswire / april 14, 2022 / snipp interactive inc. ("snipp" or the "company") (tsxv:spn)(otc pink:snipf), a global provider of digital marketing promotions, rebates, and loyalty solutions, is pleased to announce that it has closed a non-brokered private placement with a subsidiary of bally's corporation ("bally's") (nyse: baly) (the "offering") and entered into two commercial agreements with bally's, all as previously announced on april 12, 2022. pursuant to the offering, the company issued a total of 25,000,000 common shares of the company (the "shares") to a subsidiary of bally's at a price of us$0.20 (c$0.25)* per share, for aggregate gross proceeds of us$5,000,000 (c$6,310,000)*.
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