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Coinsilium Group Limited (COIN)
US$125,000 INVESTMENT IN BUNDLE NETWORK CRYPTO TRADING PLATFORM
15-Aug-2018 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
COINSILIUM COMPLETES US$125,000 INVESTMENT IN BUNDLE NETWORK CRYPTO TRADING
PLATFORM
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 that it has completed an
investment of US$125,000 in Bundle Network Limited ('Bundle Network'), a
Malta-registered company developing an online platform connected to multiple
exchanges and facilitating cryptocurrency trading on these exchanges. The
valuation terms of Bundle Network, whilst known to the Company, are subject
to confidentiality due to commercial sensitivities. Additionally, Coinsilium
will receive an entitlement to an undisclosed number of Bundle Network
crypto tokens to be issued in the next few months.
Under the terms of the agreement, Coinsilium CEO Eddy Travia will join the
Board of Directors at Bundle Network.
Rationale
As announced on 19th March 2018, Bundle Network has engaged with Coinsilium
to provide advisory services in relation to their Token Generating Event
(TGE). This investment is aligned with Coinsilium's strategy of supporting
foundational services in the blockchain ecosystem such as the buying and
selling of cryptocurrency and tokens. The Bundle Network platform also aims
to provide an online social environment to enhance the growth of communities
around various blockchain projects, thereby advancing development and
awareness of the sector as a whole.
Eddy Travia, CEO of Coinsilium, commented:
"This strategic investment further illustrates Coinsilium's increasing
foothold in the fast-growing digital token space. Coinsilium has already
engaged with Bundle as advisors for their forthcoming token generation event
, and we have been impressed by the application of the team and the market
reach of their unique service. I look forward to joining the Board of
Directors of Bundle Network and working closely with the talented Bundle
Network team to support the growth of their business."
Umut Senol CEO at Bundle Network commented: "We are very happy and proud to
move our relationship with Coinsilium from an advisory role to a shareholder
position. We have always felt their strong support and appreciate their
valuable advice and contribution to our project. We are also pleased to be
strengthening Bundle's board with Eddy's appointment as a director."
The Directors of Coinsilium Group Limited take responsibility for this
announcement.
-ENDS-
For further information, please contact:
Eddy Travia, CEO +44 (0) 20 3889 4312
Coinsilium Group Limited
Malcolm Palle, Executive Chairman +44 (0) 7785 381089
Coinsilium Group Limited
Guy Miller / Mark Anwyl +44 (0) 207 469 0930
Peterhouse Capital Limited
(NEX Exchange Corporate Adviser)
Nick Emerson +44 (0) 1483 413 500
SI Capital Limited
(Broker)
Notes to Editor
About Coinsilium
Coinsilium is a venture builder, investor and advisor to early-stage
blockchain technology companies. It does this through its consortium of
top-tier investors, industry thought leaders and executive managers.
Coinsilium's focus is on driving innovation in fintech and blockchain
technologies, enabling businesses to take advantage of growth opportunities.
Coinsilium also provides advisory services to companies planning token
generation events.
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 [1]
About Bundle
Bundle Network is an online platform connected to various exchanges,
enabling users to purchase and sell multiple coins & tokens within seconds
of execution through one account and one click, at the best price possible
either in bundles, or individually. It will also serve as an online meeting
point for cryptocurrency investors to share and discuss topics related to
the trading cryptocurrencies.
For further information about Bundle Network please visit:
http://bundle.network/
ISIN: VGG225641015
Category Code: MSCU
TIDM: COIN
Sequence No.: 5875
EQS News ID: 714387
End of Announcement EQS News Service
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(END) Dow Jones Newswires
August 15, 2018 02:01 ET (06:01 GMT)
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