NorthStar Gaming Holdings Inc. announced a private placement to issue a secured non convertible promissory note at an issue price of CAD 3,000,000 for the gross proceeds of CAD 3,000,000 on April 25, 2024. The transaction will include participation from new lender Playtech plc. The note bear 8% per annum, payable in arrears at maturity.

Unless otherwise accelerated pursuant to its terms, the note will become immediately due and payable on the earlier of (i) the date which is 12 months from April 25, 2024; and the date on which the company or any of its subsidiaries completes additional financing transactions with aggregate gross proceeds of at least CAD 10,000,000 subject to certain exceptions.