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PCG Entertainment raises £400,000 to bolster balance sheet

Richard Poulden, chairman: "We are pleased to have further institutional support which has enabled PCGE to further strengthen its healthy cash position."

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Placing was at a 40% discount

Asia-Pacific online gaming and media company PCG Entertainment Plc (LON:PCGE) has raised £400,000 through a discounted placing.

PCG issued 400mln shares at 0.1p a pop; a 40% discount on yesterday’s closing price of 0.14p.

Richard Poulden, chairman: "We are pleased to have further institutional support which has enabled PCGE to further strengthen its healthy cash position."

In April, PCG said it was looking to joint venture its Client Provider Authorization by the Kahnawake Gaming Commission in Quebec, Canada. The CPA allows PCG to provide interactive gaming services from the region.

Quick facts: PCG Entertainment PLC

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AIM:PCGE
Market: AIM
Market Cap: -
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