March 24, 2017 16:16 ET
TORONTO, ONTARIO--(Marketwired - March 24, 2017) - MM Asset Management Inc. ("MMAM") announced that it has acquired, on behalf of MMCAP International Inc. SPC ("MMCAP"), an investment fund advised by MMAM, an aggregate of 260,400 common shares ("Shares") of Innova Gaming Group Inc. ("Innova") through the facilities of the Toronto Stock Exchange.
Following the acquisition of these 260,400 Shares, MMAM exercises control or direction over 2,304,500 Shares, which represents, as at March 24, 2017, approximately 11.40% of Innova's 20,220,900 outstanding Shares, as reported by Innova in its Management Discussion and Analysis dated November 10, 2016.
MMAM has acquired such securities for investment purposes only. Depending on market conditions and other factors, MMAM, on behalf of MMCAP, may from time to time acquire additional securities of Innova or dispose of such securities in the open market, by private agreement or otherwise.
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