Nitro Games Completes, based on the authorisation of an Extraordinary General Meeting, a directed issue of SEK 47.4 million

The Board of Directors of Nitro Games Oyj (publ) ("Nitro Games" or the "Company") has resolved, based on the authorisation received by the shareholders at the Extraordinary General Meeting (the "EGM") on 24 October 2018, on a directed new issue of 998,000 shares at a subscription price of SEK 47.5 per share (the "Directed Share Issue"), which is expected to raise proceeds to the Company of SEK 47.4 million before issue costs. The proceeds will primarily be used for marketing and scaling up of the Company's new game Heroes of Warland ("HoW").