GSTechnologies raises proceeds of £1.25M through share placing
Fintech company GSTechnologies Limited (LON:GST) announces that the company has raised gross proceeds of £1,250,000 through a placing of 119,047,619 shares of no par value in the Company at a price of 1.05 pence per share.
The Placing Shares equate to approximately 6.2% of the Company’s currently issued share capital.
The funds raised from the Placing will be principally used to accelerate the implementation of the Group’s GS Money strategy, including potentially via further acquisitions.
CMC Markets UK Plc acted as the Company’s sole placing agent in respect of the Placing.