Snipp Interactive Inc. announced that it has entered into an agreement with a subsidiary of new investor Bally's Corporation for private placement of 25,000,000 common shares at a price of CAD 0.25 per share for gross proceeds of CAD 6,250,000 on April 12, 2022. As a part of the transaction, the investor will acquire 9% stake in the company, and will be entitled to nominate one director to the company's board of directors. The transaction is subject to the approval of the TSX Venture Exchange as well as the satisfaction of other customary closing conditions.

All securities to be issued in the transaction will be subject to a four month and one day hold period. No finder's fee is payable in connection with the transaction.