NetPlay TV PLC (AIM: NPT) announced raising £12.84 million before expenses in a placing and agreement on an interactive games supply deal to Playtech Ltd for five years. The 'live' interactive TV gambling specialist said it has conditionally placed 58,352,476 new shares at 22 pence each to strengthen the company's balance sheet and provide capital for future growth. The new shares, which will be placed with investment company Directforce Trading Ltd, will represent approximately 29.9 percent of the enlarged capital. The beneficiary of Directforce also has a beneficial interest in a significant shareholder of Playtech Ltd. The memorandum of understanding with Playtech provides for distribution of NetPlay games via both Playtech's online customers and retail clients.