Brief: Jaguar building 260 slots

Tuesday, Feb. 2, 1999 | 10:45 a.m.

The company previously said it will expand its office and warehouse facility in preparation for anticipated sales to expanding gaming markets in South Carolina, Washington and California.

Jaguar said it is negotiating final terms of a "firmly committed" $500,000 debenture financing, and has received interest for an "off balance sheet" purchase order financing of up to $750,000.

In a financing agreement announced last May for $3 million, only $400,000 was received. Similarly, a $1.5 million private placement/debenture financing announced in November was terminated after the private placement generated $225,000.

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