Betaville

Imaginatik said to be working on £2 million equity fundraising

Imaginatik, in which controversial businessman Rob Terry has been re-building a substantial stake, is preparing a £2 million equity fundraising.

City sources told little old Betaville that Finn Cap, Imaginatik's brokers, is working on a plan to raise £1.5 million via a placing and £500,000 via an open offer to investors.

Apparently, the software consulting company wants the extra cash to spend on sales, marketing and technology and rest will be used for working capital.

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