Published On: Wed, Nov 29th, 2017

Coinsilium Acquires 30% Interest in StartupToken Limited

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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 it has acquired a 30% equity stake in StartupToken Limited (“StartupToken”), a provider of accelerator and advisory services to technology start-ups and companies looking to undertake Token Generation Events (“TGEs”), sometimes referred to as Initial Coin Offerings (“ICO’s”).
Agreement Highlights
Under the terms of the Agreement, Coinsilium will:
Acquire 300 shares representing 30% of the equity in StartupToken Limited, for a total consideration of £360,905.28 at a valuation circa £1.2m to be satisfied by way of a combination of shares and cash payments;
Pay £276,694.05 to be satisfied through the issue of 3,255,224 Coinsilium shares at 8.5p, representing a 3% premium to the 28-day VWAP, and a further cash payment of £84,211.23;
The shares are subject to a 12-month lock-in agreement (six months hard and six months soft); and
Coinsilium CEO Eddy Travia to be appointed to the board of StartupToken
Additionally, the Company has agreed to provide StartupToken with a six-month convertible loan of US$100,000, with 5% annual interest. If converted, this will equate to a further 6.40% equity at a …

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