{"id":93330,"title":"Valereum PLC (AQSE:VLRM) $10 million Funding Facility with US led Syndicate","publisher":"Share Talk","author":"sharetalk","published":"2022-01-31T12:51:36+00:00","modified":"2022-01-31T12:51:36+00:00","canonical_url":"https://www.share-talk.com/valereum-plc-aqsevlrm-10-million-funding-facility-with-us-led-syndicate/","markdown_url":"https://www.share-talk.com/valereum-plc-aqsevlrm-10-million-funding-facility-with-us-led-syndicate.md","json_url":"https://www.share-talk.com/valereum-plc-aqsevlrm-10-million-funding-facility-with-us-led-syndicate.json","category":"Fintech","categories":["Fintech"],"tags":["Alibaba","AQUIS Stock Exchange","aviation parts","Blockchain","collectables","consumer electronics","Crypto Exchange","Cryptocurrency Finance","Defi","fine art","Galanopoulos & Company","Gibraltar","global markets","London","luxury goods","Mattereum Asset Passport","New York","NFT","Non-Fungible-Token","OTCQB","Richard Poulden","securities","Share Talk","The Bridge","USA","Valereum Blockchain","Vinay Gupta","VLRM","Zoom"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2022/03/st-holder.jpg?fit=1536%2C1024&quality=89&ssl=1","format":"news","language":"en-GB","content":"Valereum is pleased to announce that it has drawn US$3m from a new US$10m investment facility provided by a syndicate of institutional investors led by a US managed institutional investor.\n\nThese funds will be used to advance Valereum’s acquisition of the Gibraltar Stock Exchange (“GSX”). This will enable the previously announced strategy to be put in place.\n\n**Richard Poulden, Chairman of Valereum commented:** “It is great to have international institutional support for our projects in Gibraltar.”\n\nThis US$3m tranche has a six-month term (the “term”), after which the facility can be repaid or extended at Valereum’s option.\n\nOutstanding principal amounts may be converted into ordinary shares at £0.3682 during the term. After six months, if extended, conversion may occur at that price or, if lower, at a 5% discount to the then current 10 day lowest daily VWAP.\n\nThis drawing carries 663,302 two-year warrants at £0.3347.\n\nThe Directors of the Company accept responsibility for the contents of this announcement.\n\n**Enquiries:**\n\n**Valereum Plc**\n\n**Richard Poulden, Chairman**\n\n**Tel: +971 4584 6284**"}