Software developer WebSpy (ASX:WSY) has placed five million new shares to raise $100,000.
Each share placed at $0.02 was accompanied by an option exercisable at the same price with a three year term.
WebSpy said it will apply the funds towards the expansion of its Marketboomer business unit, as well as R&D and general working capital.
WSY shares are today trading unchanged at $0.013.
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