Last checked at 4 Mar 2019 07:00
Blue Star Capital plc
("Blue Star" or the "Company")
SatoshiPay Fundraise
Blue Star Capital plc (AIM: BLU) provides an update in respect of its investee company SatoshiPay Ltd ("SatoshiPay").
Further to the announcement dated 6 February 2018, the Company announces that it has now been informed by SatoshiPay that it has completed a further private fundraise (the "Fundraise"), raising approximately £861,000 at a valuation of £15 million, bringing the total amount raised to approximately £1.7 million.
Following completion of the Fundraise, Blue Star's shareholding of 5,739 shares in SatoshiPay will represent approximately 27.9% of its issued share capital. The Company's shareholding in SatoshiPay is valued at approximately £4.7 million which is equivalent to approximately 0.23 pence per Blue Star share, excluding the Company's other investments.
The Company will be releasing its preliminary results for the year ended 30 September 2018 on Tuesday, 5th March 2019.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Blue Star Capital plc | +44 (0) 777 178 2434 |
Tony Fabrizi | |
Cairn Financial Advisers LLP | +44 (0) 20 7213 0880 |
(Nominated Adviser) | |
Jo Turner / Liam Murray / Richard Nash | |
Smaller Company Capital Limited | +44 (0) 203 651 2911 |
(Broker) Rupert Williams/Jeremy Woodgate
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About SatoshiPay
SatoshiPay was founded in 2014 and is headquartered in London, with development led through its Berlin office. SatoshiPay offers a frictionless micropayment solution to help digital publishers monetise content globally. The SatoshiPay platform is based on scalable blockchain technology supplied by the Stellar.org network. Find frequently updated information at the company's website www.satoshipay.io, its blog www.medium.com/@SatoshiPay and Twitter @SatoshiPay.