Oct 17 (Reuters) - Gaming Corps AB :
* Board enters into conditional agreement to acquire Texas-based Red Fly Studio Inc.
* Acquisition is done through directed share issue to sellers with deviation from shareholders’ preferential rights
* To issue up to 5 million shares plus potential additional issue of 6 million shares if Red Fly reach revenue of over $2.5 million in 2016
* A further 8 million shares to be issued as additional purchase price if Red Fly’s turnover exceeds $5 million in FY 2017
* Further 10 million shares is to be issued as additional consideration if Red Fly turnover exceeds $10 million in FY 2018
* Red Fly has revenue of about $0.8 million up until Sept. 30 Source text for Eikon: Further company coverage: (Gdynia Newsroom)