LVH Jackpot Digital

Las Vegas From Home.com Entertainment Inc. (the "Company") (TSX
VENTURE:LVH)(PINK SHEETS:LVFHF)(BERLIN:LVH)(FRANKFURT:LVH) has arranged a
non-brokered private placement financing whereby the Subscribers will purchase
up to 60,000,000 Units of the securities of the Company at the price of $0.05
per Unit for total proceeds to the Company of up to Cdn $3,000,000. Each Unit
shall consist of one common share in the capital of the Company and one share
purchase warrant to purchase an additional common share in the capital of the
Company, exercisable at the price of $0.10 per common share if exercised in the
first year from Closing and at the price of $0.25 per common share if exercised
in the second year from Closing. There will be a finder's fee payable in respect
to this transaction. This transaction is subject to the approval of the TSX
Venture Exchange (the "Exchange").


The proceeds of the non-brokered private placement financing will be used for
the continued development and roll-out of certain new and innovative products in
targeted markets with established strategic operational partners.


Furthermore, the Company's main business initiatives and focus will be pursuing
either government partnered online gaming opportunities or operating in specific
government licensed jurisdictions that will enable the Company to operate with
strategic industry leaders in a wide range of online games that include poker,
casino, bingo and sports book.


In addition, the Company has granted an aggregate of 10,500,000 Incentive Stock
Options ("Options") to Directors, Officers, Employees and Consultants of the
Company all exercisable at a price of $0.10 per common share expiring on May 18,
2013. These Options have been reserved for issuance pursuant to the Company's
Amended 2004 Stock Option Plan which has previously received acceptance from the
Exchange and the Company's Shareholders. 25% of the Options granted shall vest
immediately with 25% vesting every six months thereafter. Any shares issued
pursuant to the exercise of the Options will be subject to a hold period
expiring on September 19, 2010. 


On behalf of the Board of Las Vegas From Home.com Entertainment Inc.

Jake H. Kalpakian, President

Statements made in this news release that relate to future plans, events or
performances are forward-looking statements. Any statement in this release
containing words such as "believes", "plans", "expects" or "intends" and other
statements that are not historical facts are forward-looking, and these
statements involve risks and uncertainties and are based on current
expectations. Consequently, actual results could differ materially from the
expectations expressed in these forward-looking statements.

Grafico Azioni Jackpot Digital (TSXV:LVH)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Jackpot Digital (TSXV:LVH)
Storico
Da Giu 2023 a Giu 2024