22 Jan 187 Feb 2018 12:07
RNS regarding BTL!
BTL Group Ltd - Investment Update
The Board of Vela (AIM: VELA), the investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to note the update announcement made today by BTL Group Ltd ("BTL") regarding its European energy trading project under which several oil and gas companies and energy traders propose to use BTL's Interbit blockchain platform.
Vela holds, as at the date of this announcement, 620,000 common shares in BTL equivalent to approximately 2.91 per cent. of BTL's issued share capital. BTL is listed on the TSX Venture Exchange, on which the closing mid-market price on 19 January 2018 of BTL's common shares was C$11.50 per share which values Vela's shareholding in BTL at approximately C$7.13 million (equivalent to �4.11 million*).