Coinsilium Group Ltd has agreed to its subsidiary to invest in Greengage Global Holding Ltd which is working on regulatory compliant decentralised Finance (De-Fi) ventures.
The Seedcoin business is to buy 15,000 A shares in Greengage worth £300,000 and some £200,000 of loan notes.
Seedcoin and Greengage meanwhile intend to enter into a strategic partnership agreement to jointly develop De-Fi solutions. It was noted that a more detailed breakdown of the tie-up will be provided as the main transaction is completed.
“Coinsilium intends to proceed as quickly as possible with the Transaction. Greengage and each selling shareholder will negotiate in good faith with a view to completing the transaction in an expedient manner,” the company said in a statement.
The loan notes carry an interest coupon of 5% per year and can be converted into A Shares, under certain conditions.
Coinsilium noted that the A shares are expected to be converted into ordinary shares in the event of Greengage obtaining a stock market listing.
Earlier this month, Greengage secured a £2.5mln investment from Gibraltar-based IOV labs Limited which was described as the company’s first institutional shareholder
Story by ProactiveInvestors
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
pathogens and gives you more
energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video)
Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.