GSTechnologies Ltd (LSE:GST) told investors it intends to accelerate the implementation of its GS Money strategy, as it announced a £750,000 equity raise.
The growth strategy may include potential acquisitions it added.
In a statement, the company said it is issuing 75mln new shares each priced at 1p each.
The placing was arranged by CMC Markets and it sees the equivalent of 4.4% of the company’s currently issued share capital being issued to investors.