$450,000 Raised by Bingo (dotcom) in New Capital


An announcement came this week that Bingo (.com), which operates multi-language and multi-currency internet bingo and casino enterprises as part of the Unibet partner program, has secured a private placing of one million common shares at $0.45 per share from an undisclosed, non-US private company.

It has been specified by its CEO Jason Williams that "The funds raised in this private placement will be used to finance the marketing launch of Bingo.com's innovative multi-platform social bingo game that has been under development for the past several months.

"Prior to the global launch of our unique bingo game we will perform extensive live market beta testing in select jurisdictions commencing early in the second quarter,' he said, adding:

"The period of beta testing will enable us to refine and improve our bingo game before the global launch which is expected early in the third quarter of fiscal 2013. Testing will take place on all platforms supported by the game including phones and tablets operating Apple iOS and Google Android systems as well as online on Facebook."

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