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LONDON - NYCE International Plc (AQUIS:NYCE) announced Thursday its plan to raise up to £150,000 through the issuance of up to 75 million new ordinary shares at £0.002 per share via a subscription.
According to the company’s press release, CEO Farzad Peyman-Fard intends to subscribe for a minimum of 50 million shares in the offering.
The company stated that proceeds from the subscription will fund its expansion into the crypto casino sector. Specifically, NYCE plans to allocate funds toward licensing and certifications for its Nirmata Play games aggregation platform, developing proprietary games for crypto casinos, expanding ClickSpin Media performance marketing operations, and growing its NYCE Crypto Advisory services.
The board is also evaluating potential integration with Fasttoken (FTN), a digital currency currently listed on over 17 exchanges and used as a utility token across multiple online platforms including gaming and e-commerce sites.
The subscription will be conducted on a non-pre-emptive basis under authority granted to the board at the last Annual General Meeting. Eligible shareholders registered by the close of business on August 28 may participate by contacting the company.
The subscription is scheduled to close on August 28, with a subsequent announcement expected shortly thereafter regarding the admission of the new shares to trading on the AQSE Growth Market.
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