Playlogic Raises $7 Million

| | Comments (0)
Game publisher Playlogic confirmed that it has raised an additional $7 million of funding.
$3 million was raised through the sale of three million shares in a private placement, bringing the total number of outstanding Playlogic shares to 41.5 million. The other $4 million was borrowed as a 2.5 year loan at 7% annual interest. The funds are intended to let the company meet its current obligations and release the games it has planned for 2008.

Leave a comment

About this Entry

This page contains a single entry by Editor published on March 20, 2008 7:02 AM.

6 Million Downloadable Songs Sold for Rock Band was the previous entry.

Two Worlds: The Temptation Coming This Fall is the next entry.

Find recent content on the main index or look in the archives to find all content.

 

Add to Technorati Favorites