NetplayTV raises cash through a chare placement
8 November 2010, Staff writer
 NetPlat
TV, operators of Superasino have
raised £2.5 million via a share placement on the LSE's Alternative Investment
Market.
83 million ordinary shares were offered at 3 pence each, a considerable discount
to the current trading price of around 5 pence.
The company now has 279 million shares issued on the AIM, and an addition £2.4
million in cash on its balance sheet (after placement expenses).
According to company Chairman Clive Jones, "The funds raised through this
placing will ensure NetPlay TV is able to complete its restructuring and, we
believe with a renewed focus on its core ‘live’ casino products, will allow the
business to return to a sustainable profitable state."
About NetPlay
NetPlay TV Plc. are
a UK AIM listed interactive TV gaming company with a portfolio of gaming
products including
Supercasino.com, EuroTelemilions.com, Bingos.com and
Challengejackpot.com.
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