Gate Ventures PLC: Update and completion of Successful Fundraise
January 02 2018 - 1:23PM
Gate Ventures PLC
Update and completion of Successful
Fundraise
ISIN Number: GB00BYX2WP92
TICKER: GATE
Gate Ventures PLC
Press Release
January 2, 2018
Gate Ventures
PLC
("Gate Ventures" or "Gate" or the "Company")
Update and completion of Successful
Fundraise
Gate Ventures PLC, an investment company focused
on the media, entertainment, e-commerce, fashion retail,
consultancy & operational projects, announces that it has
received on December 27 2017 a signed subscription letter from
investors Crystal Voyage Limited for a £1,385,000 fundraise at
€0.37 cents per share.
The Directors of Gate Ventures are furthermore
pleased to announce that the fundraising has been completed, thus
4,217,756 new Ordinary Shares of £0.0008 each will be issued.
Following this issue of these shares there will be 456,884,359
Ordinary Shares in issue. Application will be made for the newly
issued shares to be admitted to trading.
The newly issued shares will be issued with VP
Securities A/S - the leading provider of securities and investor
services in Denmark and a Central Securities Depository (CSD)
authorised by the Danish Financial Supervisory Authority
(Finanstilsynet).
Lord Michael Grade, Chairman of Gate Ventures,
said: »The fundraising shows the confidence of the investors in
Gate Venture's strategy and the quality of the investments made to
date. We are very delighted and are looking forward to the
continued execution of our investment strategy.«
-END-
Further Enquiries:
Gate Ventures PLC (The Company):
assistance@gateplc.com // +44 (0) 20 3150 2477
Keswick Global AG (Certified Adviser):
info@keswickglobal.com // +43 1 740 408045
Rossen & Company ApS (Financial PR):
nic@rossen.com // +45 2072 9972
Notes to Editors:
Gate Ventures was founded in 2015 to make
investments and capitalise on investment opportunities in the media
and entertainment sectors. The Company focuses primarily on
investments and operational opportunities in the UK and China
covering theatre, television, media technology and
e-commerce.
The Company's investments include various theatre
productions such as the successful Sunset Boulevard and 42nd Street
(which is currently showing in London), virtual reality ("VR"), and
technology companies Bink and PlayJam amongst many others. Gate
Ventures has made a total of ten investments since it was
established, and to date, has successfully raised over EUR25
million reflecting the Company's significant growth thus far.
-END-
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Gate Ventures Plc via Globenewswire
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