London-listed Gaming Realms has conditionally raised £1.1m through a subscription of new ordinary shares.
The operator intends to use proceeds from the subscription to fund game development, creating new content for use on its proprietary gaming platform and for licensing via its remote game server.
As part of the proposed subscription chairman Michael Buckley, CEO Patrick Southon and commercial director Simon Collins have agreed to purchase 1,863,636 shares.
An application to have the subscription shares admitted for trading is to be made to London's Alternative Investment Market. Admission is expected to become effective on or around August 14th.
Upon admission of the new shares, Gaming Realms with have 284,428,747 ordinary shares in issue.