Coinsilium Group Limited (COIN)
Investee Company Update: Factom Inc.
23-Jun-2020 / 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")
Investee Company Update: Factom Inc.
London, UK, 23 June 2020 - Coinsilium Group Limited (AQSE:COIN), the
blockchain technology venture builder, advisor and investor, hereby provides
an update in respect of investee company, Factom Inc. ("Factom").
Further to its announcement on 2 April 2020, the Company has been notified
by the directors of Factom that Factom has filed for reorganisation under
Chapter 11 Subchapter V to address structural issues preventing them from
raising further capital.
Factom advise that Chapter 11 Subchapter V provisions preserve the position
of the existing shareholders and structures the means of paying creditors.
The directors of Factom expect Factom to emerge from the Chapter 11
reorganisation in 60 to 90 days.
The Company's interest in Factom is by way of 150,000 Series Seed shares and
73,291 Preferred Series A-1 shares valued at GBP236,776 on 30 June 2019.
The Directors of Coinsilium Group Limited take responsibility for this
announcement.
For further information, please contact:
Coinsilium Group Limited +44 (0) 7785 381 089
Malcolm Palle, Executive Chairman www.coinsilium.com
Eddy Travia, CEO
Peterhouse Capital Limited +44 (0) 207 469 0930
Guy Miller / Mark Anwyl
(AQSE Exchange Corporate Adviser)
SI Capital Limited +44 (0) 1483 413 500
Nick Emerson
(Broker)
Notes to Editors:
About Coinsilium
Coinsilium is a venture builder, investor and advisor, supporting early
stage blockchain technology companies and the digital token economy. As the
first ever IPO of a blockchain company in 2015, Coinsilium harnesses its
experience and wide-ranging network to invest in leading blockchain projects
such as RSK/IOV Labs, Indorse and Blox.
Coinsilium shares are traded on the AQSE Growth Market, the primary market
for unlisted securities operated by Aquis Stock Exchange, a Recognised
Investment Exchange under the Financial Services and Markets Act 2000.
For further information please visit [1]www.coinsilium.com [1] or follow
@CoinsiliumGroup on Twitter
ISIN: VGG225641015
Category Code: MSCM
TIDM: COIN
Sequence No.: 71266
EQS News ID: 1075995
End of Announcement EQS News Service
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(END) Dow Jones Newswires
June 23, 2020 02:00 ET (06:00 GMT)
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