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Probability eyes UK growth with £2.8m placing

29th January 2013 9:11 am GMT

Mobile gambling provider Probability plc. says it plans to increase its UK consumer advertising expenditure after conditionally raising £2.8m through the placing of new shares.

The placing, which is subject to shareholder approval, is expected to provide £2.6m in net proceeds to the company, enabling it to pursue further growth in its UK business-to-consumer offering which includes the mobile gambling brands LadyLuck's and Moobile.

The Placing will also provide Probability with additional resources to pursue opportunities in [...]

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