Japan's Colopl to offer up to $100 mln in new shares -filing

TOKYO, April 1 Tue Apr 1, 2014 12:16am EDT

TOKYO, April 1 (Reuters) - Colopl Inc, a mobile game developer, plans to issue 3.8 million new shares in an offering worth as much as 10.3 billion yen ($100 million) based on its latest closing price, according to a filing on Tuesday.

The funds will be used to develop new games, hire more staff and boost marketing, the filing said. ($1 = 102.9850 Japanese Yen) (Reporting by Dominic Lau; Editing by Edmund Klamann)