-- NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.
HODGES BAY, Antigua, April 20,
2015 /PRNewswire/ -- VGambling Inc. ("OTCQB:GMBL"
or the "Company"), a licensed next generation Internet gambling
company, is pleased to announce a non-brokered private placement
offering of up to 7,000,000 units ("Units") at a price of
$0.15 per Unit to raise gross
proceeds of up to $1,050,000.
Logo - http://photos.prnewswire.com/prnh/20150420/199735LOGO
Each Unit consists of one common share of the Company (a "Common
Share") and one-half of one Common Share purchase warrant (each
whole warrant, a "Warrant"). Each Warrant entitles the holder, on
exercise thereof, to purchase one additional Common Share at a
price of $0.25 for a period of 24
months from the completion of the private placement.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within
the United States or to, or for
the account or benefit of, U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws, unless an
exemption from such registration is available.
About VGambling Inc.
VGambling Inc. is a next generation Internet gambling company
licensed in Canada. VGambling
intends to offer users from around the world the ability to play
and wager on multi-player video games and e-Sports events for real
money in our licensed and secure environment. VGambling has
recently been issued a Client Provider Authorization Permit to
conduct real money interactive gaming on a global basis from bases
in Canada and Antigua by the Kahnawake Gaming Commission.
VGambling has entered into a Betting Gaming Platform Software
Agreement with Swiss Interactive Software GmbH to provide wagering
platform software. VGambling is led by a team of industry and
technical experts from the Internet gambling and video game
industries, e-Sports, marketing, legal and financial professionals.
VGambling maintains offices in Hodges Bay, Antigua and Barbuda, West Indies. VGambling is
currently developing the play for free website www.vgambling.net
and the real money wagering website www.vgambling.bet. VGambling's
common stock is listed on the OTCQB under the symbol GMBL.
Contact: Grant Johnson, Chief
Executive Officer at 1-905-580-2978 or grant@vgambling.net