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The Marketing Group says unconditional share placing linked to Blockchain Nordic acquisition completed

Under the unconditional placing, which is not subject to shareholder approval, the company said 13,000,000 shares were issued at a price of €0.0225 each to raise €292,500

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Adam Graham, The Marketing Group’s executive chairman, said: "We are delighted with the investor support shown for the fund raisings."

The Marketing Group PLC (NASDAQ OMX:TMG), which trades as RYVL, said the unconditional share placing announced on 6 December linked to its acquisition of Blockchain Nordic has been completed.

Under the unconditional placing, which is not subject to shareholder approval, the company said 13,000,000 shares were issued at a price of €0.0225 each to raise €292,500.

READ: The Marketing Group strikes €4.8mln deal to acquire Blockchain Nordic

Meanwhile, it said, the conditional placing of 18,112,000 units - comprising one share and one warrant to subscribe at €0.05 for a share at a per unit price of €0.0225 – which is subject to shareholder approval, is expected to close shortly and has received subscriptions covering a “substantial proportion” of amount.

Adam Graham, The Marketing Group’s executive chairman, said:  "We are delighted with the investor support shown for the fund raisings. These funds together with the acquisition of Blockchain Nordic will provide a powerful springboard for the Group to launch into 2019 with increased scale, renewed focus and positive momentum.”

Quick facts: RYVL

Price: £0.00

Market: NASDAQ OMX
Market Cap: £0.00
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Acquisition of Blockchain Nordic to provide 'springboard for growth' for...

Adam Graham, chief executive of RYVL (NASDAQ OMX:TMG), discusses with Proactive London's Andrew Scott the acquisition of European digital asset investment firm Blockchain Nordic for €4.76mln. Blockchain Nordic has offices in London, Copenhagen and Marbella, and provides a wide range of...

on 11/12/18

2 min read