Gaming machine maker, Coinmaster Gaming, is raising up to £2.8m to fund the expansion of its operations and is seeking an OFEX trading facility. Established in 1980, Coinmaster designs, manufactures and sells gaming machines worldwide, and has already raised £1m through institutional investors. The company, which reported an increase in turnover from £3.4m in 2000 to £7m in 2001 in its year end results, is offering shares at 55p. The expected closing date of the offer is 21 December 2001.
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