ProGaming Platforms Corp. Executes Share Swap Agreement With BioMedix Ltd.
NEW YORK, February 18, 2013 /PRNewswire/ --
ProGaming Platforms Corp. ( OTCQB: PPTF), an Israeli-based developer of a commercial multiplayer online gaming and reward processing platform, today announced that it has entered into a share swap agreement with BioMedix Ltd., a publicly traded company on the Tel Aviv Stock Exchange (TASE). BioMedix, a leading Medical Device/Technology incubator, has agreed to purchase 1,229,055 restricted PPTF shares at a valuation of $.16 per PPTF share, via share swap of its publicly traded Israeli subsidiary, Gefen Biomed Investments Ltd. (GEFEN: TASE). In connection with this share swap transaction; PPTF received 921,790 shares of Gefen, which values the PPTF shares at $.16
The transaction with BioMedix was disclosed at the IL Maya system (Israeli SEC website) and can be viewed (in Hebrew) at:
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