Coinsilium Group Limited: Heads of Terms signed with Blockchain Development Company Indorse for Strategic Share Acquisition Transaction
Ltd (“Indorse"), a blockchain development company, to acquire a further 2,773 shares representing an additional stake of 14.76% in the post-transaction share capital of Indorse (the “Transaction”).
- Ltd (“Indorse"), a blockchain development company, to acquire a further 2,773 shares representing an additional stake of 14.76% in the post-transaction share capital of Indorse (the “Transaction”).
- Transaction to be satisfied by the issue of 65m new Coinsilium shares at 3p per share representing a consideration of GBP1.95m.
- The Transaction aligns Coinsilium and Indorse commercial interests ahead of soon to be announced new Web3 collaboration.
- The Transaction will result in:
- Indorse holding 65m Coinsilium shares representing 24.98% of Coinsilium’s shares in issue post Transaction.