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LAS VEGAS, NV, July 17, 2024 — via NewMediaWire – Golden Matrix Group Inc. , an international developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, today announced that its Board of Directors has authorized the repurchase of up to a maximum of $5.0 million of shares of the Company’s common stock.
Under the stock repurchase program, shares may be repurchased from time to time in the open market or through negotiated transactions at prevailing market rates, or by other means in accordance with federal securities laws.
The repurchase program is expected to be funded using the Company’s working capital. As of June 30, 2024, the Company had 120,801,977 shares of common stock issued and outstanding. Founded in 2001 and acquired by Golden Matrix in 2024, the Meridianbet Group is a well-established online sports betting and gaming group, licensed and currently operating in 15 jurisdictions across Europe, Africa and South America. Meridianbet Group’s successful business model utilizes proprietary technology and scalable systems, thus allowing it to operate in multiple countries and currencies and with an omni-channel approach to markets, including retail, desktop online and mobile.
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