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Media Corp raises funds for new betting platform launch

2nd November 2012 9:47 am GMT

AIM-listed Media Corporation plc has raised £0.6m through a conditional placing of new ordinary shares in the company which will be used to help fund the launch of its Intabet online gaming platform.

Media Corp raised the fund through a conditional placing of 157,500,000 new ordinary shares and subscription for 142,500,000 new ordinary shares.

The company said that the shares will be issued to certain institutional and other investors and directors of the company at a price [...]

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