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GIBRALTAR - Coinsilium Group Limited (AQSE:COIN | OTCQB: CINGF) announced Thursday the launch of a retail investor offer aiming to raise approximately £500,000 through the issuance of new ordinary shares priced at £0.06 each.
The digital asset venture builder said the Winterflood Retail Access Platform (WRAP) offer is open to eligible investors in the United Kingdom (TADAWUL:4280), including both new and existing shareholders. The company plans to use proceeds predominantly to further develop Forza (Gibraltar) Limited, its wholly owned Bitcoin treasury strategy subsidiary.
The retail offer opened immediately following the announcement and is expected to close at 21:00 on July 24, though it may close earlier than anticipated. The minimum subscription amount is £500 per investor.
Admission of the new shares to trading on the Aquis Stock Exchange Growth Market is anticipated to take place around July 30, with the results of the offer expected to be announced on or around July 25.
The WRAP Retail Offer is being coordinated in conjunction with Peterhouse Capital Limited, which serves as the company’s Aquis Growth Market Corporate Adviser and Corporate Broker.
Eligible retail investors can participate through various platforms including AJ Bell and Interactive Investor. AJ Bell customers can place orders through the Dealing Services Team, while Interactive Investor clients can subscribe via the Corporate Actions section of their website.
The company noted that it reserves the right to amend the size of the offer, scale back orders, or reject applications without providing reasons. Applications, once accepted, cannot be withdrawn.
The announcement, based on a company press release, included risk disclosures highlighting that Bitcoin is subject to significant price fluctuations and that the value of investments can decline as well as rise.
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