The skill gaming company, which announced on Monday to be in the final stages of due diligence to float on London\’s AIM, plans to inject liquidity into the capital structure and use the shares as acquisition currency.
However, GameAccount cautioned that the listing on the Alternative Investment Market would depend on investor demand for online gaming companies.
“Certainly we hope to do so but these things may slip as you might imagine. It depends on whether or not the market will bear it,” said a spokesman for the company.
In separate news, Trident Gaming said it will use the funds raised in its initial public offering to retire debt and increase working capital.
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