COINSILIUM GROUP LIMITED
(“Coinsilium” or the “Company”)
COINSILIUM ACQUIRES 30% INTEREST IN STARTUPTOKEN LIMITED
Coinsilium Group Limited (NEX: COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce it has acquired a 30% equity stake in
Under the terms of the Agreement, Coinsilium will:
-- Acquire 300 shares representing 30% of the equity in
StartupToken Limited, for a total consideration of £360,905.28 at a valuation circa £1.2m to be satisfied by way of a combination of shares and cash payments; -- Pay £276,694.05 to be satisfied through the issue of 3,255,224 Coinsilium shares at 8.5p, representing a 3% premium to the 28 day VWAP, and a further cash payment of £84,211.23; -- The shares are subject to a 12-month lock-in agreement (six months hard and six months soft); and -- Coinsilium CEO Eddy Traviato be appointed to the board of StartupToken
Additionally, the Company has agreed to provide StartupToken with a six month convertible loan of
The investment is aligned with Coinsilium’s strategy of leveraging its first-mover advantage in the blockchain technology sector to provide advisory services to companies targeting a Token Generating Event (TGE). As a result of the acquisition the two companies are able to provide an expanded range of services to advisory clients including:
-- Consulting, Marketing & Event Services -- Token Modelling, White Paper Drafting -- Acceleration Services -- Roadshows, Media, Training
“This important strategic investment strengthens Coinsilium’s foothold in the fast growing digital token space. We have already established a good working relationship with StartupToken and have been greatly impressed by the speed at which they have been able to gain a strong presence in the industry. We look forward to working closely with Yacine and his team and using our combined experience to add value and fast-track the scale up of the business.”
“As founder of StartupToken, I am extremely pleased to have received this vote of confidence from Coinsilium which I consider to be one of the most respected companies within the blockchain investment space. ‘Token Sales’ are a new form of funding which is taking the blockchain world by storm and with the support of Coinsilium’s experienced team and its influence, StartupToken is now ideally positioned to become one of the leading accelerators within the global Token Economy.”
The Directors of Coinsilium Group Limited take responsibility for this announcement.
For further information, please contact:
Coinsilium Group Limited
Coinsilium Group Limited
Harry Chathli /
Peterhouse Corporate Finance Limited
(NEX Exchange Corporate Adviser)
Notes to Editor
Coinsilium is a blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies. It does this through its consortium of top-tier investors, industry thought leaders and executive managers. Based in
Coinsilium shares are traded on NEX Exchange Growth Market, the primary market for unlisted securities operated by NEX Exchange, a Recognised Investment Exchange under the Financial Services and Markets Act 2000.
For further information about Coinsilium please visit http://www.coinsilium.com
StartupToken is a hyper accelerator preparing entrepreneurs to grow their blockchain projects into successful startups wishing to issue tokens to support their development. StartupToken helps its clients reach the necessary level of engagement with their communities worldwide thanks to a full-service package including legal and technical support, token economics and token modelling, compliance, events organisation and growth hacking.
StartupToken supports creative, disruptive, and feasible concepts using blockchain technology for the democratic economy and is fast becoming a key actor in the blockchain ecosystem bridging regulators, businesses and crypto enthusiasts.
For further information about StartupToken please visit https://startuptoken.com/