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Nektan raises additional funds to finance US joint venture expansion

6th October 2015 7:50 am GMT

London-listed mobile gaming supplier Nektan has raised further financing of £2.75m to support the company’s overall growth strategy, including the expansion of its US joint venture Respin.

Having secured around £8.0m in financing earlier this year in April and May, Nektan will raise a further £2.75m through the issue of £2.39m of convertible loan notes and a placing of 232,258 new ordinary shares of 1p each.

The company said that in order [...]

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