(Alliance News) - Gaming technology firm Nektan PLC has upped its fundraise target following "further interest" from potential investors.
In September, Nektan said it wanted to raise a minimum of GBP3 million to boost its capital position via a share placing. This would allow it restructure some convertible loan notes provided by directors, including Executive Director Gary Shaw.
Nektan said Wednesday further investors have expressed interest in taking part in the fundraise, meaning it now hopes to raise GBP5.0 million, instead of GBP3.0 million.
Shares went untraded on Wednesday in London, last closing at 5.0 pence per share.
By George Collard; georgecollard@alliancenews.com
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