Proactive Investors - Run By Investors For Investors

MySQUAR investor buys hefty chunk of shares through open market

Imperium was an investor in the second tranche of MySQUAR’s recent £2mln funding
picture of MySquar platform
Imperium has bought two chunks of shares recently

MySQUAR Limited (LON:MYSQ) has seen one of the investors in its recent £2mln placing buy another chunk of shares, but this time through the open market.

Imperium Ltd purchased a further 30mln shares or 7.6% of the Myanmar-focused social media group.

It was also an investor in the second tranche of MySQUAR’s recent £2mln funding that replaced a convertible loan with financier Sandabel.

CLICK HERE: For a daily round-up of all the Proactive news

Shares in the placing were issued at 0.85p per share, but were trading today at 1.4p.

At the time of the placing, on 10 April, Eric Schaer, MySQUAR’s chief executive, said the funding would support its rapid sales growth.

Deals recently have included a payments relationship for its mobile games with local telecoms group Telenor Myanmar.

MySQUAR has also released a gaming platform, Lucky Wingabar ,and is starting to monitise its internet telephony services and core social media media forum MyChat, said Schaer.

“This foundation will provide for solid growth on a go forward basis while at the same time positioning the company for long term profitability starting in the second half of this calendar year.”

Shares rose 3.7% to 1.4p.

CLICK HERE: For a daily round-up of all the Proactive news


Why Invest In MySQUAR Limited? Read More Here

Register here to be notified of future MYSQ Company articles
View full MYSQ profile View Profile

MySQUAR Limited Timeline

Related Articles

Lucky Wingabar gaming app
May 09 2017
The Myanmar-language social media platform saw daily revenues increase by almost 30% at the start of this month compared to April
Pokemon GO app purchase
October 19 2016
“We believe Bango now has the required funding to move into profitability,” says analyst Ian McInally.
Tablet TV
October 12 2016
The company claims to be "reinventing television". Is that a bit over-the-top?

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use