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Monday 27 July, 2015

Gate Ventures PLC

Share Placing

RNS Number : 0936U
Gate Ventures PLC
24 July 2015
 

 

Press Release for immediate release. 

24 July 2015

 

Gate Ventures Plc

 

("Gate Ventures" or the "Company")

 

Share Placing 

 

Further to the announcements on 21 July 2015 regarding Gate Ventures' £2.6 million investment in Infinity Creative Media Limited and the Company's Trading Update of 22 July 2015, the Board announces that it has raised a further £9,000,000 through a Placing, at £6 per share, with those investors who had originally agreed to invest that amount via an issue of convertible loan notes.

 

Funds raised from the Placing will be used to finance further suitable investments by the Company in the TV and Media industry and in accordance with the stated investment policy.

 

Geoff Morrow, Gate Ventures' Chairman, said:  "Further funds are likely to be made available by investors for the Company's future developments."  

 

- Ends -

 

 

For further information:

Gate Ventures Plc

Tel: +44 (0) 20 7016 9963

Geoff Morrow, Chairman 

www.gateplc.com

 

Media enquiries:

Abchurch Communications Limited


Canace Wong / James Burman

Tel: +44 (0) 20 7398 7714

[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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