Gamer Playlogic Raises $7 million In Debt And Equity

(PaidContent.org)  This story was written by Joseph Weisenthal.

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Playlogic, a video game company traded on the OTC-BB, says it has raised $7 million in cash and debt. $3 million comes from a private equity placement from unidentified investors, while $4 million is in the form of debt with a 7 percent interest rate. The Amsterdam-based company, which develops games for various PCs, consoles and other handheld devices, says it will use the money for general working capital. The company also did a private placement of $12.3 million last year. Release.