People of all ages - and it seems gentlemen in their 30s - adore LEGO. All things LEGO. LEGO hats, LEGO shirts, LEGO childhood security, LEGO Massively Multiplayer Online games (MMOs), at least this last bit is what Funcom is counting on on this period of risk aversion.
So, it's good news for Funcom and for gentlemen of a certain age that the company has secured an additional £960,000 in funding for development and release of LEGO Minifigures Online, the MMO.
Develop reports that, "The extra money is part of a deal in 2012 with US firm Yorkville Advisors, which offered the company access to additional funds if needed within 36 months. Following the agreement, Funcom will now issue 2.2 million shares to raise the cash."
Funcom CEO Ole Schreiner says, “We are very pleased to have increased the company’s financial flexibility with funds that will be used in preparing for the launch of LEGO Minifigures Online.
“We have several times expressed a need for additional equity and have considered different alternatives to secure this. This facility has been available to us since 2012, but the timing has not been right before.”
Let's hope that the game does better for it than the media hyped and publicly shunned The Secret World. LEGO Minifigures Online, is expected to be released later this year.
Via Develop
So, it's good news for Funcom and for gentlemen of a certain age that the company has secured an additional £960,000 in funding for development and release of LEGO Minifigures Online, the MMO.
Develop reports that, "The extra money is part of a deal in 2012 with US firm Yorkville Advisors, which offered the company access to additional funds if needed within 36 months. Following the agreement, Funcom will now issue 2.2 million shares to raise the cash."
Funcom CEO Ole Schreiner says, “We are very pleased to have increased the company’s financial flexibility with funds that will be used in preparing for the launch of LEGO Minifigures Online.
“We have several times expressed a need for additional equity and have considered different alternatives to secure this. This facility has been available to us since 2012, but the timing has not been right before.”
Let's hope that the game does better for it than the media hyped and publicly shunned The Secret World. LEGO Minifigures Online, is expected to be released later this year.
Via Develop
Companies:
Funcom
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