Reach 4 Entertainment confirmed Betaville's RARE ALERT yesterday but it would appear I only got hold of one aspect of the story.
Below is a link to the press release, which confirms a £3 million equity fundraising but also unveils the acquisition of Agency Press Limited:..
Reach 4 Entertainment, the London-listed marketing communications company, is said to be tapping the equity markets for capital.
People claiming to be familiar with the matter said Reach 4 Entertainment is looking to raise up to £4 million in fresh funds, possibly via a placing with investors.
It's not clear which broker is leading the equity fundraising but people claiming to be familiar with the matter said the new shares could be issued at around 1.1p...
Aim-listed Reach 4 Entertainment is said to be looking to raise up to £5 million of fresh equity from investors.
Reach 4 Entertainment - which specialises in entertainment and brand building for theatrical, film and live entertainment - and its advisers are working on an equity placing and deal could be announced imminently.
However, it's not clear what price new shares will be issued at but some sources said it could be at a discount to the current share price...