Brief: Earthport set to raise £3 million in share placing

Brief: Earthport set to raise £3 million in share placing

AIM-listed payments technology outfit earthport has completed arrangements for a placing of new ordinary shares at 2.5 pence per share, raising some £3 million for use in "acquisitions, expansion and development".

The company has also agreed to issue 87,714,285 options by October 2004, to raise a further £2.9 million.

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