LONDON (Alliance News) - Business-to-business mobile gaming content and platform developer Nektan PLC on Friday said it has raised a further GBP0.9 million under the convertible loan note issue it announced earlier this month.
Under the new financing, Nektan will issue convertible loan notes to new investors to raise GBP0.75 million and has raised a further GBP0.15 million by issuing 89,552 shares at 167.5 pence per share.
"Nektan's strategy is focused on B2B real money gaming in Europe and opening up the North American land based casinos with in-venue mobile technology and this clearly resonates with existing and new investors," said David Gosen, Nektan's chief executive.
Shares in Nektan were untraded on Friday just after the open, having last traded at 160.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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