Online gaming operator Rivalry has concluded its strategic review after completing a private placement and a debt settlement agreement.
In April, the company began a probe of its operations, looking to ensure it was “best positioned for continued growth and innovation.”
The company’s targets were cost optimisation and activating a “controlled growth strategy.”
In an update on Monday, Rivalry said its private placement will provide aggregate gross proceeds of CA$4.1m. It is expected to close in one or more tranches, with the first expected to close on or about October 8.
Rivalry said it will…