Update on Successful Fundraise
24 February 2017 - 3:14AM
Gate Ventures PLC
Update on Successful
Fundraise
ISIN Number: GB00BYX2WP92
TICKER: GATE
Gate Ventures PLC
Press Release
Thursday February 23 2017
Gate Ventures
PLC
("Gate Ventures" or "Gate" or the "Company")
Fundraising: Gate Ventures receives signed subscription
letter for €2.5m
Gate Ventures, an investment company focused on
the media, entertainment, e-commerce, fashion retail, consultancy
& operational projects, today announces that it has received a
signed subscription letter for a €2.5 million fundraise at 55 cents
per share. The shares will be allotted and application made for
them to be admitted to trading on Nasdaq First North, once payment
has been settled.
Gate Ventures invests in the entertainment and
technology sector, focussing primarily on theatre production and
the media. The Company participates actively in projects and
investee companies in order to maximise shareholders' returns.
The fundraising shows the confidence of the
investors in Gate Ventures strategy and the quality of the
investments made to date.
Dr. Johnny Hon, Chairman of Gate Ventures, said:
"The fundraise will help Gate Ventures in continuing and
maintaining its strategic investments. The company looks forward to
the next stage in its growth strategy following this successful
fundraising round."
-END-
For further
information:
Gate Ventures PLC
Dr. Johnny Hon, Chairman / Geoff Morrow, CEO
+44 (0) 20 7016 9963
assistance@gateplc.com
www.gateplc.com
Certified Adviser:
Keswick Global AG
+43 1 740 408045
info@keswickglobal.com
www.keswickglobal.com
Media enquiries:
Rossen & Company
ApS
Nic. Rossen, Managing Partner / Philip Sørensen, Associate
+45 2072 9972
nic@rossen.com
www.rossen.com
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 the
upcoming highly anticipated 42nd Street, 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 €19 million
reflecting the Company's significant growth thus far.
-END-
GATE - Update on Successful
Fundraise 230217
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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