Founder of Meridianbet converts $2,000,000 of debt into equity in Golden Matrix Group Inc.

From GlobeNewswire: 2024-09-10 08:00:00

Golden Matrix Group Inc. announced that the founder of Meridianbet, Aleksandar Milovanović, converted $2,000,000 of debt into equity in the Company. This strategic move by Milovanović highlights his confidence in GMGI’s growth trajectory. The debt, previously a convertible note of $2,805,671, is now reduced to $805,671. CEO Brian Goodman expressed gratitude for the support and confidence in the Company’s future. This conversion enhances GMGI’s Net Debt Leverage and aligns stakeholders’ interests with the Company’s growth. The move is expected to provide financial flexibility for strategic initiatives and expansion efforts, reinforcing confidence in GMGI’s growth potential.



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