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