iGaming Corporation

iGaming Corporation

April 27, 2007 15:39 ET

iGaming Corporation Announces Proposed Equity Financing of $1,150,000

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 27, 2007) - iGaming Corporation ("iGaming" or the "Corporation") (TSX VENTURE:IGA) announces today that it intends to complete a non-brokered private placement of approximately $1,150,000 through the sale of 5,750,000 Units at $0.20 per Unit.

Each Unit issued pursuant to the Private Placement will consist of one common share and one-half of one common share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share at a price of $0.30 per share until February 23, 2008. The Corporation, however, reserves the right, but not the obligation, subject to the forwarding of a fifteen days' written notice, to redeem for cancellation all warrants issued under the Private Placement (for a redemption price of $0.001 per warrant) at any time after the Corporation's listed common shares have been trading above a daily close of $0.40 for fifteen consecutive trading days.

The gross proceeds of the placement of the Units will be used to augment the Corporation's existing working capital balance.

The Company trades on the TSX Venture Exchange under the symbol IGA.

About iGaming Corporation

iGaming owns and operates assets that provide fact-based and opinion-oriented information relevant to the sports industry. These assets include websites, client-server software, publications and call centers.

The Corporation generates revenues in a number of ways, including various direct to consumer services and direct to business sales through its portfolio of websites which includes www.JimFeist.com, www.PicksOnline.com, www.Vegasonlinesports.com, www.OffshoreConnection.com, www.FurturesandProps.com and www.ScoresLinesPicks.com. In addition, iGaming operates Linetracker, a state of the art, real-time sports information system for the more serious bettors and handicappers. The Corporation also operates various fantasy sports contests catering to the sports enthusiast through its fantasy sports website which can be found at www.rotoplay.com.

Cautionary Statement

No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein. The News Release includes certain "forward looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of iGaming, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from iGaming's expectations are various risks detailed from time to time in the filings made by iGaming with securities regulations.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy and accuracy of this release.

Contact Information