Gate Ventures PLC: Update and completion of Successful Fundraise

Gate Ventures PLC
Update and completion of Successful Fundraise
ISIN Number: GB00BYX2WP92
TICKER:  GATE
Gate Ventures PLC
Press Release

January 2, 2018

Gate Ventures PLC
("Gate Ventures" or "Gate" or the "Company")

Update and completion of Successful Fundraise 

Gate Ventures PLC, an investment company focused on the media, entertainment, e-commerce, fashion retail, consultancy & operational projects, announces that it has received on December 27 2017 a signed subscription letter from investors Crystal Voyage Limited for a £1,385,000 fundraise at €0.37 cents per share.

The Directors of Gate Ventures are furthermore pleased to announce that the fundraising has been completed, thus 4,217,756 new Ordinary Shares of £0.0008 each will be issued. Following this issue of these shares there will be 456,884,359 Ordinary Shares in issue. Application will be made for the newly issued shares to be admitted to trading.

The newly issued shares will be issued with VP Securities A/S - the leading provider of securities and investor services in Denmark and a Central Securities Depository (CSD) authorised by the Danish Financial Supervisory Authority (Finanstilsynet).

Lord Michael Grade, Chairman of Gate Ventures, said: »The fundraising shows the confidence of the investors in Gate Venture's strategy and the quality of the investments made to date. We are very delighted and are looking forward to the continued execution of our investment strategy.«

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Further Enquiries:

Gate Ventures PLC (The Company): [e-mail] // [phone]

Keswick Global AG (Certified Adviser): [e-mail] // [phone]

Rossen & Company ApS (Financial PR): [e-mail] // [phone]

Notes to Editors:

Gate Ventures was founded in 2015 to make investments and capitalise on investment opportunities in the media and entertainment sectors. The Company focuses primarily on investments and operational opportunities in the UK and China covering theatre, television, media technology and e-commerce. 

The Company's investments include various theatre productions such as the successful Sunset Boulevard and 42nd Street (which is currently showing in London), virtual reality ("VR"), and technology companies Bink and PlayJam amongst many others. Gate Ventures has made a total of ten investments since it was established, and to date, has successfully raised over EUR25 million reflecting the Company's significant growth thus far.

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Source: Gate Ventures Plc via Globenewswire