21st Mar 2016 17:50
LONDON (Alliance News) - Business-to-business gaming software provider GameAccount Network PLC said Monday it raised around GBP3.1 million in a conditional share placing, which will fund its expansion into the US.
GameAccount said it issued 11 million shares at 28.00 pence each on Monday. The shares represent 20% of the existing share capital.
The company said it will use the funds to continue expansion of real-money regulated gaming and simulated gaming opportunities in the US as well as for working capital and general business development purposes.
Shares in GameAccount closed down 12% at 26.00 pence on Monday.
By Hannah Boland; [email protected]; @Hannaheboland
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