Online bingo operator Bingo.com has concluded a $0.5m private placement to help finance the continuing development of its Trophy Bingo game.
The company said Monday that it has successfully placed 1.25m common shares with a non-US private company at $0.40 per share, raising net proceeds of $500,000.
The funds will be used to finance the ongoing development of Bingo.com's social bingo product Trophy Bingo, which the company sees as offering greater potential for growth than its existing [...]
