GRAYS Athletic are hoping to raise a quarter-of-a-million pounds with a new share issue.
A meeting of directors and shareholders this week decided on the new issue which will see shares on sale at 10p each.
Existing shareholders will be given first option to buy with the offer then being thrown open to all after 28 days.
No one person will be allowed to obtain more than a 20 per cent stake in the club.
Full details on the share issue are expected shortly, but it is understood that a direct debit system for paying for them methods will be among methods allowed.
Today Grays, just one place off the drop zone, face a tough home game with a Crawley outfit lying seventh and still nursing hopes of making the play-offs.
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