GSTechnologies raises cash to fund future growth
Summary
GSTechnologies Ltd - Perth, Australia-based fintech company - Raises GBP2 million via placing at 1.90 pence per share. In addition, plans to raise GBP250,000 via retail offer at the same price. Funds raised will be principally used to accelerate the implementation of the GS Money strategy, including the advancement of the recently acquired CAKE business and Bake Cryptocurrency Platform, and potentially via further acquisitions.Current stock price: 2.00 pence, down 27% in London on Tuesday
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