GIBRALTAR - Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), a company specializing in Web3 investments and advisory services, announced the exercise of warrants resulting in the issuance of 2,175,000 new ordinary shares. The transactions, conducted at an exercise price of 3 pence per share, raised £65,250 for the firm.
The company stated that these warrants were part of those issued during Coinsilium’s subscription and broker placement, managed by Peterhouse Capital and SI Capital, as previously disclosed on April 21, 2023.
Eddy Travia, the Chief Executive Officer of Coinsilium, exercised warrants for 1,675,000 new ordinary shares. Post-exercise, Travia’s beneficial interest in the company amounts to 16,431,702 ordinary shares, equating to approximately 7.44% of the company’s enlarged issued share capital.
The new ordinary shares are expected to be admitted to trading on the Aquis Stock Exchange Growth Market around January 3, 2025. These shares will rank equally with the existing ordinary shares of the company.
Following the admission, Coinsilium’s issued share capital will consist of 220,872,567 ordinary shares of no-par value. This figure will serve as the denominator for shareholders to determine their notification requirements under the Financial Conduct Authority’s Disclosure and Transparency Rules, as the company does not hold any ordinary shares in treasury.
Coinsilium, based in Gibraltar, is an active player in the Web3 sector, investing in and accelerating the growth of startups in this space, as well as providing strategic advisory services for token generation events.
This announcement is based on a press release statement and aims to present the facts without endorsing the company’s claims or future prospects.
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