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VLRM Valereum Plc

11.80
-0.20 (-1.67%)
21 Nov 2024 - Closed
Realtime Data
Valereum Investors - VLRM

Valereum Investors - VLRM

Share Name Share Symbol Market Stock Type
Valereum Plc VLRM Aquis Stock Exchange Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.20 -1.67% 11.80 16:27:59
Open Price Low Price High Price Close Price Previous Close
12.00 11.50 12.20 11.75 12.00
more quote information »

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Top Posts
Posted at 09/10/2022 05:58 by terminator101
Its a dead duck.

$10 million Funding Facility with US led Syndicate

Valereum is pleased to announce that it has drawn US$3m from a new US$10m investment facility provided by a syndicate of institutional investors led by a US managed institutional investor. These funds will be used to advance Valereum's acquisition of the Gibraltar Stock Exchange ("GSX"). This will enable the previously announced strategy to be put in place.

Richard Poulden, Chairman of Valereum commented: "It is great to have international institutional support for our projects in Gibraltar."

This US$3m tranche has a six-month term (the "term"), after which the facility can be repaid or extended at Valereum's option.

Outstanding principal amounts may be converted into ordinary shares at GBP0.3682 during the term. After six months, if extended, conversion may occur at that price or, if lower, at a 5% discount to the then current 10 day lowest daily VWAP.
Posted at 23/6/2022 14:28 by lithological heterogeneities
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