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KR1 raises £785,000 via share placing to boost its investments in blockchain token community

The blockchain and cryptocurrency investor said the placing of 15,700,000 ordinary shares was undertaken at a price of 5p per share by Peterhouse Capital
Blockchain
KR1 also said it has issued a total of 800,000 ordinary shares at a price of 5p per share to two advisers to the company in lieu of services rendered

KR1 Plc (LON:KR1) has raised a total of £785,000, before expenses, through a share placing to allow it to boost its investments in the blockchain token community.

The blockchain and cryptocurrency investor said the placing of 15,700,000 ordinary shares was undertaken at a price of 5p per share by Peterhouse Capital.

READ: KR1’s stake in digital currency wallet Vo1t now worth US$1.4mln

The group added that the funds raised will be used “to continue to make investments in the blockchain token community and to drive forward the company’s strategy.”

KR1 also said it has issued a total of 800,000 ordinary shares at a price of 5p per share to two advisers to the company in lieu of services rendered.

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