Shefa Gems Ltd. (LSE:SEFA) will look for acquisitions opportunities. Shefa announce the conclusion of the equity subscription of 2,123,543,065 new ordinary shares of the Company ("Subscription Shares") at a price of $0.0005 per share for a total of $1,050,000 to investors in the Shany Group and other unrelated parties ("Equity Subscription"). The gross proceeds receivable by the Company pursuant to the Subscription is $1,050,000 (£~756,000), before expenses. Funds raised will be used for general working capital purposes by the Company in pursuance of its new strategy seeking acquisition opportunities in the web technology and software space.