Gate Ventures PLC: Completion of Successful Fundraising
17 October 2017 - 1:28AM
Gate Ventures PLC
Update on Completion of Successful
Fundraise
ISIN Number: GB00BYX2WP92
TICKER: GATE
Press Release
Monday 16 October, 2017
Gate Ventures
PLC
("Gate Ventures" or "Gate" or the "Company")
Completion of Successful Fundraising
The Directors of Gate Ventures PLC are pleased to
announce that the fundraising announced on 27 June, 2017 has now
been completed.
The Company has raised GBP5,000,000 at a price of
€0.37 per share, thus issuing 15,077,162 new Ordinary Shares
of £0.0008 each. Following this issue there are
now 452,666,603 Ordinary Shares in issue.
Application will be made for the newly issued
shares to be admitted to trading. The newly issued shares have been
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).
-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 EUR24
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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