In a deal that further consolidates its “position as a truly independent gaming studio,” Swedish slots developer LL Lucky Games (Lady Luck Games) has signed a letter of intent (LOI) to acquire British casino game development company ReelNRG for SEK 8.25m (USD$873,086).

The two parties are in agreement on the price, which will comprise 2.5 million newly issued shares to be  issued via set-off issue carried out at a share price of SEK 3.3. (USD$0.35) According to a recent press release, the transaction is to be completed in April this year following the usual due diligence procedures.