April 6, 2017 / 10:15 AM / 6 months ago

BRIEF-Erne Ventures signs LoI, invests in Fat Dog Games

April 6 (Reuters) - Erne Ventures SA:

* Said on Wednesday that its signed a letter of intent (LoI) and acquired shares in Fat Dog Games

* Under the agreement the company to invest 1 million zlotys ($251,686) and eventually reach 50 pct stake in Fat Dog Games

* The company also declared that within the next two years level of investment in Fat Dog Games will reach 5 million zlotys

* It also plans within that period to transform Fat Dog Games into a joint stock company and list it on a stock exchange

* Until now Fat Dog Games was a producer and publisher of its own games, as a result of the investment Fat Dog Games is also to finance independent game development teams

Source text for Eikon:

Further company coverage: ($1 = 3.9732 zlotys) (Gdynia Newsroom)

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