Rage to sell more shares in rescue bid

Games company trouble deepens...
Written by Kate Hanaghan, Contributor

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.
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