Blue Star Capital PLC (LON:BLU) has raised £35,000 in order to make follow-on investments in its esports teams around the world.

The company had made a follow-on investment of £16,000 in UK-based Guild Esports in order to maintain its shareholding of 11.6%.

This fulfilled the terms of its original £100,000 investments from last autumn, which included anti-dilution provisions and has been necessitated by Guild carrying out an equity fundraise of its own.

Blue Star issued 29.17mln shares as part of an offer for subscription at 0.12p each.

As part of the share issue, Blue Star chairman Derek Lew, also a director of Guild, subscribing for 14.6mln of the shares, totalling £17,500.

In other news, Blue Star reported good news about it C$100,000 investment in Canadian mobile games supplier Leaf Digital Studios last month after its acquisition by Caprice Business Developments Canada was completed.

Now trading as Leaf Mobile Inc (CVE:LEAF), the enlarged company has been readmitted to the TSX Venture Exchange and “trading at a price which currently values the company’s investment at a premium of approximately 50 per cent”, said Blue Star.