SCi Confirms Investment Speculation

SCi corporate has confirmed reports that it is currently considering major investment deals in order to get its business back on track.

A statement released Monday by Tomb Raider house SCi said, "The Board of SCi notes the recent speculation about an equity issue and confirms that it is considering a placing and open offer in the near future.

This fund raising will be to raise the working capital the Company indicated it required at the time of its interim results on 29 February."

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kadosho3860d ago

Awhile ago, I remember reading that they were losing money. But now, if they're offering bids for others to support them. Could that lead to an acquisition? These are getting to be desperate times, and with articles like this; its an open book until finalized.