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DJ Investee Company Update: Factom Inc.

 
 Coinsilium Group Limited (COIN) 
Investee Company Update: Factom Inc. 
 
23-Jun-2020 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
           COINSILIUM GROUP LIMITED 
 
           ("Coinsilium" or the "Company") 
 
           Investee Company Update: Factom Inc. 
 
London, UK, 23 June 2020 - Coinsilium Group Limited (AQSE:COIN), the 
blockchain technology venture builder, advisor and investor, hereby provides 
an update in respect of investee company, Factom Inc. ("Factom"). 
 
Further to its announcement on 2 April 2020, the Company has been notified 
by the directors of Factom that Factom has filed for reorganisation under 
Chapter 11 Subchapter V to address structural issues preventing them from 
raising further capital. 
 
Factom advise that Chapter 11 Subchapter V provisions preserve the position 
of the existing shareholders and structures the means of paying creditors. 
The directors of Factom expect Factom to emerge from the Chapter 11 
reorganisation in 60 to 90 days. 
 
The Company's interest in Factom is by way of 150,000 Series Seed shares and 
73,291 Preferred Series A-1 shares valued at GBP236,776 on 30 June 2019. 
 
The Directors of Coinsilium Group Limited take responsibility for this 
announcement. 
 
                      For further information, please contact: 
 
         Coinsilium Group Limited +44 (0) 7785 381 089 
 
Malcolm Palle, Executive Chairman   www.coinsilium.com 
 
                 Eddy Travia, CEO 
 
       Peterhouse Capital Limited +44 (0) 207 469 0930 
 
          Guy Miller / Mark Anwyl 
 
(AQSE Exchange Corporate Adviser) 
 
               SI Capital Limited +44 (0) 1483 413 500 
 
                     Nick Emerson 
 
                         (Broker) 
 
                      Notes to Editors: 
 
                      About Coinsilium 
 
Coinsilium is a venture builder, investor and advisor, supporting early 
stage blockchain technology companies and the digital token economy. As the 
first ever IPO of a blockchain company in 2015, Coinsilium harnesses its 
experience and wide-ranging network to invest in leading blockchain projects 
such as RSK/IOV Labs, Indorse and Blox. 
 
Coinsilium shares are traded on the AQSE Growth Market, the primary market 
for unlisted securities operated by Aquis Stock Exchange, a Recognised 
Investment Exchange under the Financial Services and Markets Act 2000. 
 
For further information please visit [1]www.coinsilium.com [1] or follow 
@CoinsiliumGroup on Twitter 
 
ISIN:          VGG225641015 
Category Code: MSCM 
TIDM:          COIN 
Sequence No.:  71266 
EQS News ID:   1075995 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=e82019f83af6462d0ad455a3201afcc3&application_id=1075995&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

June 23, 2020 02:00 ET (06:00 GMT)