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Coinsilium expects Indorse deal to be 'highly value accretive' - Proactive Investors

Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF), the Web3 investor, has inked heads of terms with Indorse ahead of it increasing its stake in the Singapore-based blockchain development company from 10.156% to 24.91%.

The transaction, valued at £1.95 million, will be satisfied through the issuance of 65 million new Coinsilium shares, priced at 3p per share.

This acquisition is more than just a financial investment for Coinsilium; it aligns the two companies' commercial interests, particularly in the burgeoning field of Web3 technologies.

Read the full article here.

Indorse - PI