|From: blacksheep (Rep: 328) reply to blacksheep||Date: 11/28/2017 19:14|
|Forum: Stocks For A Different Jungle - Msg #19125 - List BTL_V msgs ||Thread #673963254 (Rec: 0) |
|Re: Up 10% today in spite of well below market warrant exercise.|
Vela Technologies Ups Stake In BTL Group For Well Below Market Price (ALLISS)
By Alliance | Mon, 27th November 2017 - 14:46
LONDON (Alliance News) - Vela Technologies PLC on Monday said it has exercised warrants over shares in BTL Group Ltd that were due to expire next month, pushing its stake up to 2.81% in the Canadian-listed blockchain technology developer.
Vela exercised warrants over 41,666 shares in BTL Group. The warrants were exercised at CAD1.50 per share, for a total of CAD62,500, equal to GBP38,100. Notably, BTL shares closed on Friday on the TSX at CAD7.20 per share.
After the transaction, Vela has 631,666 shares in BTL, equal to a 2.81% stake. That is valued at CAD4.6 million based on the closing share price Friday. Vela holds another 25,000 warrants exercisable until April 6, 2019, at CAD3.25 per share.
Vela Technologies shares were up 4.6% on Monday at 0.329 pence.
By Joshua Warner; email@example.com; @JoshAlliance
Blockchain play moving higher even after financing=> Over 6 now in US
| Reply to blacksheep - Msg #2 - 11/22/2017 09:31|
Re: Blockchain play moving higher even after financing=> Over 6 now in US
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