Coinsilium completes fundraising to accelerate growth trajectory
Coinsilium Group Limited (LON:COIN) said it has raised around £1.15mln to accelerate its growth trajectory through strategic investments.
The blockchain and open finance venture firm said it raised the funds through a placing and subscription of 15.4mln new shares at a price of 7.5p each, a 3.4% premium to its closing price on Monday.
WATCH: Coinsilium Group begins work on new non-fungible token (NFT) project to create an ‘NFT on Bitcoin’
The shares were subscribed and placed with new and existing shareholders, while each share also came with a warrant to subscribe for a further new share at an exercise price of 15p which is valid for two years.
Coinsilium said the funds will be used primarily for strategic investments, particularly in the non-fungible token (NFT) and open finance sectors, to accelerate growth.
“We are delighted to have successfully completed this placing, which is particularly significant given the challenging market conditions we have seen in recent weeks. We are also grateful for the continued support of our existing shareholders and are pleased to welcome new shareholders to our register”, Coinsilium chief executive Eddy Travia said in a statement.
“Prior to the Placing, Coinsilium was sufficiently funded for current activities until January 2022. Accordingly, these new funds will provide Coinsilium with the firepower to accelerate its growth trajectory by being flexible and opportunistic when presented with new strategic opportunities in the digital marketplace. We look forward to updating the market on some of the exciting new initiatives we have planned over the coming weeks and months”, he added.
In late-morning trading on the Aquis Exchange on Tuesday, Coinsilium shares were changing hands at around 7p.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/950439/coinsilium-completes-fundraising-to-accelerate-growth-trajectory-950439.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
