Share Name Share Symbol Market Type Share ISIN Share Description
Coinsilium Group Limited NEX:COIN NEX Ordinary Share VGG225641015
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.00p 2.20p 3.20p 3.00p 3.00p 3.00p 0 07:52:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - -

Coinsilium Group Limited: STRATEGIC FINANCING

12/12/2018 7:01am

UK Regulatory (RNS & others)

Dow Jones received a payment from EQS/DGAP to publish this press release.

 Coinsilium Group Limited (COIN) 
Coinsilium Group Limited: STRATEGIC FINANCING 
12-Dec-2018 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
12 December 2018 
                          COINSILIUM GROUP LIMITED 
                      ("Coinsilium" or the "Company") 
                            STRATEGIC FINANCING 
    Coinsilium Group Limited (NEX: COIN), the blockchain venture builder and 
investor that finances and manages the development of early-stage blockchain 
  technology companies, is pleased to announce that it has raised GBP367,125 
  before expenses to fund the further growth and development of the Company. 
? Strategic financing with GBP367,125 raised through the issue of 
9,178,125 new ordinary shares of no par value ("Ordinary Shares") at 4.0p 
per share. 
? Financing undertaken at a 23.1% premium to the market close price on 11 
December 2018, with a new strategic investor and a number of existing 
? Each new Ordinary Share is accompanied by one warrant to subscribe for 
one further new ordinary share at a price of 7.5p ("Exercise Price"), with 
a 2-year expiration ("Warrants"). 
? Warrants include an acceleration provision whereby, should the Ordinary 
Shares of the Company close at a volume weighted average share bid price 
exceeding 15p for 5 consecutive trading days, the Company will have the 
right to require the immediate warrant conversion at the Exercise Price; 
? Funds raised will be applied to strategic advancement of the Company, 
including a number of high impact initiatives under development. 
         Malcolm Palle, Executive Chairman of Coinsilium commented: "Today's 
 financing brings a new strategic sector-focused investor onto our register. 
  Further, adding to our working capital funds will enable us to implement a 
    number of important strategic initiatives to support Coinsilium's growth 
                                                    through 2019 and beyond. 
 "Shareholders and investors will be aware that the blockchain landscape has 
  been challenging through much of this year and whilst this has impacted on 
         the market valuation of the Company, we are now presented with some 
             interesting strategic opportunities on markedly improved terms. 
   "Whilst we still see significant upside in our business from existing and 
 new opportunities, we also recognise the need to employ a degree of caution 
         when committing working capital. The funds raised will therefore be 
      effectively deployed to maintain Coinsilium's rapid growth trajectory. 
  The board continues to focus on delivering long term shareholder value and 
     we will be providing the market with a comprehensive strategic business 
                                              update early in the new year." 
                                                         Further Information 
        Coinsilium has successfully raised GBP367,125 gross of expenses in a 
  placing, through the issue of 9,178,125 Ordinary at a price of 4 pence per 
  share from a new strategic investor and existing shareholders. The placing 
price represents a premium of 23.1% to the market close price on 11 December 
  Each placing share has an attaching warrant to subscribe for a further new 
     ordinary share at an exercise price of 7.5p ("Warrants"), valid for two 
                                   years from the date of this announcement. 
      The issued warrants will also have an accelerator clause, for the full 
  two-year term, whereby in the event the share price of the Ordinary Shares 
      reaches a 5 day Volume Weighted Average Price of a minimum of 15 pence 
    bid-price per share, the Company will have the right to require that the 
                                   warrants be exercised and issued in full. 
                                                         Total Voting Rights 
         In accordance with the Financial Conduct Authority's Disclosure and 
 Transparency Rules, Coinsilium hereby announces that following the issue of 
 the 9,178,125 new ordinary shares it has 126,814,235 ordinary shares of nil 
par value ("Ordinary Shares") in issue, each share carrying the right to one 
   vote, and 5,850,000 Ordinary Shares held in treasury. There is a total of 
                                       132,664,235 Ordinary Shares in issue. 
      The Directors of Coinsilium Group Limited take responsibility for this 
                                    For further information, please contact: 
                                                    Coinsilium Group Limited 
                       Malcolm Palle, Executive Chairman +44 (0) 7785 381089 
                   Eddy Travia, Chief Executive Officer +44 (0) 20 3889 4312 
                             Peterhouse Capital Limited +44 (0) 207 469 0930 
                                                     Guy Miller / Mark Anwyl 
                                            (NEX Exchange Corporate Adviser) 
                                     SI Capital Limited +44 (0) 1483 413 500 
                                                                Nick Emerson 
                                                           Notes to Editors: 
       Coinsilium is a blockchain venture builder, advisor and investor that 
   finances and manages the development of early-stage blockchain technology 
       companies. It does this through its consortium of top-tier investors, 
   industry thought leaders and executive managers. Coinsilium's focus is on 
         driving innovation in fintech and blockchain technologies, enabling 
                       businesses to take advantage of growth opportunities. 
  Through its advisory division, Coinsilium also provides strategic services 
                              to companies planning Token Generation Events. 
     Coinsilium shares are traded on NEX Exchange Growth Market, the primary 
       market for unlisted securities operated by NEX Exchange, a Recognised 
      Investment Exchange under the Financial Services and Markets Act 2000. 
                 For further information please visit [1] 
ISIN:          VGG225641015 
Category Code: MSCU 
TIDM:          COIN 
Sequence No.:  6852 
EQS News ID:   756967 
End of Announcement EQS News Service 

(END) Dow Jones Newswires

December 12, 2018 02:01 ET (07:01 GMT)

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