Global Gaming Technologies Corp. (CNSX:BLOC.U) announced the it has entered into an agreement with new investor European High Growth Opportunities Securitization Fund, a fund managed by European High Growth Opportunities Manco S.A. for private placement of senior unsecured convertible debentures and accompanying warrants for gross proceeds of $5,600,000 on March 18, 2019. The debentures bear no interest and matures in 12 months of issuance. The debentures shall be convertible into and the warrants shall be exercisable for, common shares at conversion prices immediately following the earlier of five trading days after the delivery by the holder of a conversion notice, or the applicable maturity date of the debentures to be determined at each closing. The company will issue debentures and warrants in 12 separate tranches with first and second tranche will be of principal amount of $550,000 each and rest is 10 tranches of $450,000 each. On closing of first tranche, the company will also issue additional debentures representing a commitment fee equal to 5% of the aggregate amount of the debentures issuable in the transaction. The transaction is subject to regulatory approvals.