Game Developer Majesco Raises $22.5 Million in Private Placement

Authored by Mark Hefflinger on February 26, 2004 - 7:50am.

Edison, N.J. -- ConnectivCorp, the parent company of video game developer and publisher Majesco, announced that it has raised $25.8 million in a private placement of its shares with a group of investors. The company also expects to close shortly on an additional $1.1 million in proceeds, and said total net proceeds after deducting the fees and other expenses related to the financing will be approximately $22.5 million. New Jersey-based Majesco's current titles include "BloodRayne," which will soon become a feature-length film; upcoming releases include "Advent Rising" and "Bomberman Jetters."
http://biz.yahoo.com/bw/040225/255673_1.html
http://www.majescosales.com