GSTechnologies Ltd. (LSE:GST) will look for acquisitions. The company announced that it has raised gross proceeds of £1,250,000 through a placing of 19,047,619 shares of no par value in the Company at a price of 1.05 pence per share. The funds raised from the Placing will be principally used to accelerate the implementation of the Group's GS Money strategy, including potentially via further acquisitions.