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Gate Ventures PLC (GATE)

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Thursday 11 June, 2015

Gate Ventures PLC

Temporary Suspension

RNS Number : 9480P
Gate Ventures PLC
11 June 2015
 

 

11 June 2015

 

Gate Ventures Plc

 

("Gate Ventures" or the "Company")

 

Temporary Suspension

 

Gate Ventures Plc (AIM: GATE), an Investing Company formed to make investments and capitalise on investment opportunities in the media and entertainment sector with a focus on theatre production and the music industry and businesses using technologies such as online social media, the internet and disruptive software development, announces that, at its request, at 13.40 on 11 June 2015 trading on AIM in the Company's ordinary shares of 1p each was suspended pending full information with regard to a fundraising which it is currently undertaking.

 

The Company is in discussions with potential investors to raise money through the issue of convertible loan notes.

 

Further details in relation to the terms and conditions of the fundraising will be announced in due course. Trading in the Company's ordinary shares will remain suspended until such time.

 

- Ends -

 

For further information:

Gate Ventures Plc

Tel: +44 (0) 20 7887 6347

Geoff Morrow, Executive Chairman

www.gateplc.com

 

Beaumont Cornish Limited

(Nominated Adviser & Joint Broker)

 

Tel: +44 (0) 20 7628 3396

Roland Cornish / Emily Staples

www.b-cornish.co.uk

 

 

Cornhill Capital Limited

(Joint Broker)

 

Tel: +44 (0) 20 7710 9610

Nick Bealer

www.cornhillcapital.com

 

 

     

Media enquiries:

Abchurch Communications Limited

 

Henry Harrison-Topham

Tel: +44 (0) 20 7398 7702

[email protected]

www.abchurch-group.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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