Casino Software Private Placement of $2.18 Million Completed by Deutsche Morgan Grenfell/C.J. Lawrence.RICHMOND, BRITISH COLUMBIA--(BUSINESS WIRE)--Sept. 13, 1996--CSCC CSCC - Cal Safety Compliance Corporation CSCC - Calgary Sports Car Club (Alberta, Canada) CSCC - Canadian Society of Clinical Chemists CSCC - Caustic Stress Corrosion Cracking CSCC - Central Scientific Computing Complex CSCC - Circuits, Systems, Communications, and Computers (Conference) CSCC - Clark State Community College (Ohio) CSCC - Classic Sports Car Club (UK) CSCC - Clemson Sports Car Club CSCC - Clio Senior Citizens Center (Clio, Michigan) Casino Software (VSE: CFA.) Casino Software Corporation today announced the completion of a sale of common shares in the corporation through a private placement in the amount of $2,179,250. The private placement which was arranged by the investment banking firm Deutsche Morgan Grenfell/C.J. Lawrence of New York, involved the sale of 947,500 common shares at a price of $2.30 per share. In commenting on the placement, CSCC President and CEO Roland Thomas said, "We anticipate a continued relationship with DMG DMG - Damage DMG - Dark Magician Girl (Yu-Gi-Oh! card) DMG - Dark Matter Gun (gaming, Quake 4) DMG - Data Management Group, Inc. DMG - Decision Maker's Guide DMG - Deutsche Morgenländische Gesellschaft (German Oriental Society) DMG - Deutschen Meteorologischen Gesellschaft eV (German Meteorological Society) DMG - Didactique et Média pour Notre Génération (Morocco) DMG - Diesel Media Group DMG - Digital Map Generator DMG - Dimethyl Glutarate over the coming years." Thomas continued, "With the interest we are seeing for our products from major gaming markets, we are pleased to have a blue-chip investment banking firm like DMG helping to provide the capital necessary to grow and meet future demands." Deutsche Morgan Grenfell/C.J. Lawrence is the investment banking arm of Deutsche Bank AG, the 10th largest bank in the world with over $450 billion in assets, and the largest AAA rated bank in the world. As one of the three most active investment banking firms in gaming, DMG also has extensive relationships with prestigious gaming operators and suppliers including Argosy, Station Casinos, MGM Grand, Alliance/Bally and Anchor Gaming. On September 11, 1996 the company was also pleased to announce the appointment of Mr. Glenn Glasshagel former CEO of San Diego based HomeTown Buffet Inc. (Nasdaq/HTBB). Mr. Glasshagel joins Casino Software as Executive Vice President and Chief Financial Officer for the company and will be based in the company's Sales and Marketing office in Las Vegas, Nevada. -0- The Vancouver Stock Exchange has neither approved or disapproved the information contained herein. CONTACT: CSCC Casino Software Corporation Thomas Bell, 800/933-2773 604/231-8007 (FAX) or Lindsay A. Macleod, 800/933-2773 604/231-8007 (FAX) |
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