Foresight News reports that UK-listed company GSTechnologies Limited is raising £1.75 million by placing 145,833,333 shares with no par value at a price of 1.20 pence per share. In addition, the company plans to offer a 'retail placement' to existing retail shareholders at the same issue price to raise an additional maximum of £250,000. The funds raised will be added to the Bitcoin reserves.
GSTechnologies Limited plans to raise approximately $2.72 million, which will be used to purchase Bitcoin.
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