Rage to sell more shares in rescue bid

Games company trouble deepens...

Rage Software, the videogames maker from Liverpool is planning to sell more shares in a final bid for survival. The company hopes to raise £5.6m by issuing new shares. If it fails to achieve this, it faces losing its credit line from the Bank of Scotland which is valued at £6.2m. Rage, which has suffered widening losses has been forced to put on the ice the release of new games because of the funding problems.