21st Mar 2016 14:31
LONDON (Alliance News) - Business-to-business gaming software provider GameAccount Network PLC said Monday it is looking to raise around GBP3.0 million in a conditional share placing, to fund its expansion into the US.
GameAccount said it is issuing the shares at 28.00 pence each, with the placing to be conducted through a bookbuild process. GameAccount said the bookbuild will close on Monday.
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.
J&E Davy will act as sole bookrunner.
Shares in GameAccount were down 12% at 26.00 pence on Monday.
By Hannah Boland; [email protected]; @Hannaheboland
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Related Shares:
GAME.L