Coinsilium Group Limited Investee Company Update

 
TIDMCOIN 
 
10 February 2017 
 
                           COINSILIUM GROUP LIMITED 
                        ("Coinsilium" or the "Company") 
 
                            Investee Company Update 
 
                                    Factom 
 
Coinsilium Group Limited (NEX:COIN), blockchain technology investment and 
development company, is pleased to announce that Factom Inc. ("Factom"), a 
blockchain company in which Coinsilium has a 1.5768% equity interest, has 
received a US$750,000 investment from Medici Ventures, the blockchain-focused 
investment arm of Overstock.com, Inc, for 2.50% of Factom's common stock. 
 
This investment values Factom at US$30m and Coinsilium's shareholding in Factom 
at US$473,040, 236.52% higher than at the time of Coinsilium's investment in 
2015. 
 
Coinsilium CEO Eddy Travia commented: "We are pleased to see Medici Ventures 
coming into this investment round and reaffirming Factom's leading position and 
increasing valuation with minimal dilution for existing shareholders. The 
Blockchain industry is evolving fast and attracting a wider range of investors. 
This is the second revaluation in our investment portfolio we have announced 
this year, which further demonstrates Coinsilium's proficiency in identifying 
the right investments at an early stage. 
 
2017 is set to be a pivotal year for Blockchain and Coinsilium is well 
positioned to capitalise on its early mover advantage. We look forward to 
updating the market on some of the exciting new investment and venture 
opportunities we are currently pursuing­." 
 
About Factom 
 
Factom is at the forefront of pushing the blockchain revolution towards solving 
real-world business problems. Factom's unique back-end infrastructure allows 
corporations, governments, and organizations to securely integrate, manage, and 
secure data -- any type, any source, and at a massive scale. The result is a 
new generation of audit and accountability tools for a safer, more affordable 
way to handle secure and tamper-proof transactions. For more information: 
www.factom.com. 
 
The Directors of Coinsilium Group Limited take responsibility for this 
announcement. 
 
For further information please contact: 
 
Eddy Travia, CEO                Coinsilium Group Limited      [phone] 
 
Malcolm Palle, Non-executive    Coinsilium Group Limited       [phone] 
Director 
 
Harry Chathli / Ana Ribeiro /   Luther Pendragon, PR         [phone] 
Alexis Gore 
 
Guy Miller / Mark Anwyl         Peterhouse Corporate          [phone] 
                                Finance Limited (NEX 
                                Exchange Corporate Adviser) 
 
Nick Emerson / Andy Thacker     SI Capital Limited            [phone] 
                                (Broker) 
 
 
Notes to Editor 
 
Coinsilium is a London-based blockchain technology focused investment and 
development company, supporting early-stage blockchain companies through 
investment, acceleration, development and education. 
 
Coinsilium shares are traded on NEX Exchange, a Recognised Investment Exchange 
under the Financial Services and Markets Act 2000. Coinsilium has a portfolio 
of interests in blockchain companies including SatoshiPay, Factom and RSK Labs 
and offers a suite of services including accredited training & education, 
investment solutions, in-house development and other professional services to 
blockchain/fintech companies and major corporations eager to learn how 
blockchain technology can transform their business processes. 
 
For further information please visit http://www.coinsilium.com/ 
 
 
 
END 
 

(END) Dow Jones Newswires

February 10, 2017 09:16 ET (14:16 GMT)