MGT CAPITAL AGREES TO BUY AVCOM INC, A NYC-BASED GAMING STUDIO

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MGT Capital Investments Inc:

  • Announces acquisition of social gaming business and creative team
  • Expects to issue approximately 491,000 shares of MGT restricted common stock to acquire full ownership of Avcom
  • Says has agreed to acquire Avcom Inc
  • Contingent payment of up to additional 330,000 shares of restricted common

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