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Bingo.com to expand horizons

Date: May 22, 2008 | Category: Online Bingo News |

Leading online bingo site Bingo.com has closed a private placement of two million common shares to raise funds for the site’s expansion beyond the UK market.

The shares were closed at $0.30 per share to raise net proceeds of $600,000 and were placed with non U.S. residents.

Bingo.com CEO Tarnie Williams said: “Proceeds from the offering will be used to fund our expansion beyond the United Kingdom market.

"In the near future we will be launching a Spanish version of our website and allowing players to deposit in various different major currencies. These initiatives will enable Bingo.com to continue to grow and expand its market share."

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