Go Bet Limited, a consultant to operators of several real-money wagering sites, has thrust itself into the ever expanding list of publicly held Net betting companies. The group announced this week its initial public offering of 15 million shares of its common stock at $0.20 per share on the Australian Stock Exchange.
Each share has an attached option at $0.30 per option. All shares and attached options are being sold by the company and will be listed under the symbols "GBT" and "GBTO."
KTM Capital Pty Limited is acting as the underwriter and financial adviser of the offering, while Deloitte Touche Tohmatsu is serving as the investigating accounting firm to the offering and as an auditor to Go Bet.
Go Bet anticipates that the net proceeds from the offering will be used primarily for general corporate purposes, including operations and marketing, website development and working capital.
The prospectus relating to these securities may be obtained from Go Bet Limited's Share Registry Manager--National Registry Services Pty Limited--which can be contacted at +61 2 9259 3000. An electronic prospectus is available for download at the company's Web site at www.gobet.net.
Go Bet Limited is a global interactive marketing, entertainment and consulting group that provides content development, website design, celebrity endorsements and management services to licensed companies that offer real money wagers over the Internet. The company's mission is to be the "premier marketing and consulting firm for interactive wagering services worldwide, and to help promote secure and widely accessible interactive casinos, sportsbooks, racetracks and lotteries, filled with rich and exciting Web environments.