NetworkNewsBreaks – Victory Square Technologies
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Posted On: 04/24/2018 6:39:30 PM
NetworkNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRA: 6F6) (WKN: A2AKL8) Provides Update on Portfolio Companies
Blockchain-focused venture builder Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning provided an investor update on the strong performance of its portfolio companies. First, in December 2017, the company purchased C$250,000 worth of Bluzelle tokens, receiving an additional 25 percent incentive bonus for being an early contributor. Per the release, the value of these tokens has increased from $0.09 at the time of investment to a current price of $0.55, marking a 511 percent increase over Victory Square’s average base cost. Second, VS Blockchain Assembly Inc., in which Victory Square maintains an approximate 36.17 percent equity stake, recently completed a financing at $0.75 per share, valuing the company at approximately C$33.2 million ahead of its planned listing on the Canadian Securities Exchange later this year. Finally, FansUnite Media Inc., which Victory Square acquired in September 2016, is currently raising a private placement round of C$4 million to support its Q4 2018 go-public strategy. “We are delighted to report that we have seen extremely rapid growth amongst our portfolio companies as each one of them has achieved key milestones in the past few months,” Shafin Diamond Tejani, CEO of Victory Square, noted in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Blockchain-focused venture builder Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning provided an investor update on the strong performance of its portfolio companies. First, in December 2017, the company purchased C$250,000 worth of Bluzelle tokens, receiving an additional 25 percent incentive bonus for being an early contributor. Per the release, the value of these tokens has increased from $0.09 at the time of investment to a current price of $0.55, marking a 511 percent increase over Victory Square’s average base cost. Second, VS Blockchain Assembly Inc., in which Victory Square maintains an approximate 36.17 percent equity stake, recently completed a financing at $0.75 per share, valuing the company at approximately C$33.2 million ahead of its planned listing on the Canadian Securities Exchange later this year. Finally, FansUnite Media Inc., which Victory Square acquired in September 2016, is currently raising a private placement round of C$4 million to support its Q4 2018 go-public strategy. “We are delighted to report that we have seen extremely rapid growth amongst our portfolio companies as each one of them has achieved key milestones in the past few months,” Shafin Diamond Tejani, CEO of Victory Square, noted in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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