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GIBRALTAR - Coinsilium Group Limited (AQSE:COIN), a company specializing in advising and investing in the Web3 sector, has announced the launch of a retail offer to raise up to £250,000. The offer is part of a broader capital-raising initiative that includes a broker-led placing which has already secured £1,250,000 for the company.
The retail offer, which is being facilitated through the Winterflood Retail Access Platform (WRAP), will consist of the issuance of up to 8,333,333 new ordinary shares at a price of £0.03 per share. This offer is open to both new and existing retail shareholders in the United Kingdom (TADAWUL:4280) and is accessible through certain financial intermediaries.
Coinsilium has stated that the proceeds from both the WRAP Retail Offer and the prior placing will be used to support the operations of Forza (Gibraltar) Limited, the company’s Bitcoin Treasury Strategy subsidiary. Additionally, funds will be allocated to general working capital and further investment activities.
The offer commenced immediately following the announcement and is expected to close on Monday, with the results to be announced by the company on or around the following Thursday. The minimum subscription for the WRAP Retail Offer is set at £500 per investor, and the shares, once issued, will be fully paid and eligible for all dividends and distributions declared thereafter.
Admission of the WRAP Retail Offer Shares to the Aquis Stock Exchange Growth Market is a condition of the offer, with trading anticipated to start around the following Wednesday.
Coinsilium emphasizes that investment in the company carries inherent risks, including the potential loss of capital, and advises investors to seek independent advice if necessary. The offer is restricted to the United Kingdom and is exempt from the requirement to publish a prospectus under certain sections of the Financial Services and Markets Act 2000 (FSMA).
The announcement of the retail offer is based on a press release statement by Coinsilium Group Limited.
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