Following acquisition of various assets
Gaming Realms takes in USD 2.7M through share subscription
Online gaming company Gaming Realms raised about USD2.7M through a subscription of 12.5m new ordinary shares of 10p each at a price of 20p per share.
2016-08-03
Reading time 29 seg
Online gaming company Gaming Realms raised about USD2.7M through a subscription of 12.5m new ordinary shares of 10p each at a price of 20p per share.
The subscription represented 4.65% of the company's enlarged share capital. The proceeds will be used to pay part of the $4m owed to RealNetworks after Gaming Realms bought various assets from it in August 2015. The rest will be paid from the company's existing cash.
Gaming Realms said application for admission of the subscription shares will made to AIM. About 10.75m subscription share were allotted will be effective around 4 August for first admission.
The remaining 1.75m subscription shares will be made no later than 31 August.
Shares in Gaming Realms were down 1.58% to 19.44p at close of day.
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