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The Marketing Group raises €407,520 in conditional placing

Published: 13:26 31 Jan 2019 GMT

Money
The company had previously raised €292,500 through an unconditional placing of 13,000,000 shares

The Marketing Group PLC (NASDAQ OMX:TMG), which trades as RYVL, has raised €407,520 in a conditional placing.

The firm had previously announced the placing in December, which said it would place 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, subject to shareholder approval.

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

Prior to this, the company had raised €292,500 through an unconditional placing of 13,000,000 shares at a price of €0.0225 each to help fund its acquisition of Blockchain Nordic, a digital asset management firm.

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