11:04 AM EDT, 06/06/2025 (MT Newswires) -- Bragg Gaming Group ( BRAG ) on Friday provided an update to its April 25 announcement of its intention to secure a new revolving credit facility.

The company said it obtained requisite approvals from a Schedule I Canadian bank for a senior secured revolving credit facility up to US$6 million.

The facility will be used for funding working capital, growth initiatives and for general corporate purposes.

A company statement noted the facility is expected to become available after the repayment of the remaining US$2 million outstanding under its existing promissory note owing to entities controlled by Doug Fallon.

The company said it expects the note to be repaid from cash on hand in the next few weeks, with the facility becoming available for drawdown thereafter, adding that the lender under the note has agreed to extend the maturity of the note to July 15.

The company's shares were last seen down $0.04 to $5.85 on the Toronto Stock Exchange.

Price: 5.81, Change: -0.08, Percent Change: -1.36