Publicly Traded Video Game Developer PlaySide Studios Raises $ 25 Million

The increase follows PlaySide’s announcement that it has signed an eight-digit (AUD) working-for-development deal with 2K Games, a label of Take-Two Interactive Software, listed on NASDAQ, at $ 21 billion. of market capitalization dollars ($ 28.6 billion).

The work relates to a new franchise that 2K Games is developing, investors said. PlaySide plans to be involved for the next 23 months in development and for a 12 month maintenance period after launch.

She hired Canaccord Genuity as Senior Manager and Bookrunner, and Cumulus Wealth as Co-Manager.

The duo put out a tender before 3 p.m. Monday.

PlaySide Studios debuted on ASX on December 18 and had gained 156% for the last close. It had a market cap of $ 319.8 before the increase.

Elsewhere, gold explorer West Wits Mining managed a $ 7.6 million rights issue and $ 1.5 million placement, with Evolution Capital as lead manager.

The subscribed one-for-six rights issue was priced at 30 shares, a 23 percent discount from the last close, to raise $ 7.6 million, according to the list of conditions .

The $ 1.5 million placement was priced at 32 shares (18% lower than the last close) and included a one-for-two option exercisable at 12 and expiring in August next year.

The placement had room for $ 1.5 million in oversubscriptions.

West Wits planned to use the funds for early mining initiatives, the second stage of feasibility studies on its Witwatersand Basin project and continued exploration on the Witwatersand and Mout Cecelia projects in Western Australia.

Offers were due at 1 p.m. Monday.

Wildcat Resources is another explorer from Western Australia that is raising today.

The company was looking for $ 4.5 million at 4.4 (10.2% off at last close), with Canaccord Genuity as the lead manager.

Investors have learned that Canaccord has received indications of support of $ 1 million, including from potential Red Panda suppliers (lithium, cesium and tantalum) to Wildcat. The directors had pledged approximately $ 120,000 of the placement, according to the conditions sheet.

The money would go to the exploration of the Red Panda and the Bolt Cutter project which lies along the De Gray Mining hemi discovery strike.

Canaccord put out a tender for the Wildcat placement before 5 p.m. Monday.

Wildcat Resources is said to have a market cap of $ 27.3 million after the placement.