EuroSports Global to raise more than $1.9 mil placing out new shares at 7.5 cents each

At 7.5 cents, the placement price is 100% premium over EuroSports' last traded price of 3.74 cents before this placement announcement.

The placement shares will expand EuroSports' share base by 10%.

According to the company, the placement is so that it can strengthen its financial position, given that it was in a negative working capital position for the year ended March.