Amaya ex-CEO confirms KBC not involved in deal, reiterates plan to acquire Amaya
Following a report in Canada's Globe and Mail that investment firm KBC has -- contrary to previous statements and regulatory filings -- no involvement in Amaya founder and ex-CEO David Baazov's bid for the company, Baazov issued the following statement: "David Baazov confirmed that he has been advised by representatives of KBC Aldini Capital that the equity commitment letter purported to be delivered to Baazov on behalf of KBC was delivered without KBC's knowledge or consent and that KBC has not committed to provide financing for the proposed acquisition of Amaya. Baazov intends to obtain replacement financing and still currently intends to acquire Amaya on the terms previously disclosed by him on November 14. Baazov will be filing an early warning report in accordance with applicable securities commissions." Baazov owns 24.56M common shares of Amaya and options entitling him to acquire 387,500 additional common shares, which collectively represent approximately 17.2% of the issued and outstanding common shares.