BBY, Blue Ocean begin Mobile Embrace raising

Sarah Thompson, Anthony Macdonald and Gretchen Friemann

Mar 24, 2014 – 6.01pm

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Technology company Mobile Embrace is seeking to raise $11.75 million in a placement through brokers BBY and Blue Ocean Equities.

Sources said the brokers were seeking to sell new shares at 26¢ each, which was narrow 0.5¢ share discount from its last close.

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