Partnership with MOS15 Mar 2022 07:40
Extract from an RNS by MOS
Proposed Gfinity partnership and investment
Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is pleased to announce the successful completion of a placing (the "Placing"), arranged by the Company's Broker Peterhouse Capital Limited ("Peterhouse"), to raise £1,200,000 before expenses to support the continuing growth of the Group, and to create a new joint venture partnership (the "JV") with AIM traded Gfinity Plc ("Gfinity") for Mobilegaming.com, the site through which the Company is focusing its gaming and Esports offerings. The JV will aim to better monetise Mobilegaming.com using the combined resources of the Company and Gfinity.