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LONDON - Coinsilium Group Limited (AQSE:COIN) announced Monday the opening of a retail share offering aimed at raising approximately £2.5 million through the issuance of new ordinary shares priced at 22.2 pence each.
The Web3 investor and venture builder stated that proceeds will be used to further develop Forza (Gibraltar) Limited, its wholly owned Bitcoin Treasury Strategy subsidiary, as well as provide general working capital and fund additional investments.
The retail offering, conducted through the Winterflood Retail Access Platform (WRAP), is open to eligible investors in the United Kingdom (TADAWUL:4280), including both new and existing shareholders. The minimum subscription amount is £500 per investor.
According to the company’s announcement, the offer is expected to close at 16:30 on June 17, with results anticipated to be announced around June 18. Admission of the new shares to trading on the Aquis Stock Exchange Growth Market is expected to occur on or around June 23.
Retail investors can participate through various platforms including AJ Bell and Interactive Investor, with existing shareholders receiving direct notifications about the offering. Other platform users are advised to contact their brokers for participation instructions.
The company noted that applications for shares cannot be withdrawn once accepted, and it reserves the right to adjust the offering size or reject applications without providing reasons.
Coinsilium emphasized that the total value of shares available for subscription will not exceed €8 million, in accordance with Financial Conduct Authority regulations.
The announcement was based on a press release statement from Coinsilium Group Limited.
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