Hamak Gold Limited announced that it has successfully raised £2.467 million through the issuance of new shares to increase capital for Bitcoin asset management strategies and gold mining.
MAIN CONTENT
Hamak Gold Limited issued 308,375,000 new shares at £0.008/share, which is 27% lower than the closing price.
Two new directors contributed £200,000, while two non-executive directors resigned.
The company focuses both on gold mining and digital asset management with a commitment to transparency and organizational security at the London Stock Exchange.
How did Hamak Gold Limited raise capital and to what extent?
Hamak Gold Limited has successfully raised £2.467 million through a share issue to increase operational capital and new investments. Specifically, the company issued 308,375,000 new ordinary shares at a price of £0.008 per share – a price reduction of 27% compared to the closing price on July 2, according to reports from the London Stock Exchange (LSE).
This fundraising was conducted through a direct placement and additional offering with support from the brokerage firm Peterhouse Capital.
Who are the key investors and what changes have occurred in the Executive Board?
Prominent investors include the private investment organization of Sheik Nayef Bin Eid Al Thani, a member of the Qatari royal family. Notably, two new directors have joined with a total investment of £200,000, contributing to strengthening the new leadership.
In return, the two previous non-executive directors have withdrawn from their positions, signaling a restructuring in the executive structure to align with the company's new development strategy.
"We are committed to simultaneously developing two main areas: gold mining and digital asset management, with transparency and assurances about organizational security, based on a listing on the London Stock Exchange."
Nick Thurlow, Chairman of Hamak Gold Limited, July 2024
What will Hamak Gold Limited use the new funds for?
The company plans to use part of the funds to pay off debts and supplement working capital, with the remainder invested in Bitcoin asset management strategy – a move aimed at diversifying the portfolio and achieving sustainable growth in the digital finance sector.
This decision not only reflects the long-term vision of Hamak Gold Limited but is also in line with the global trend of integrating traditional and digital assets, creating a sustainable competitive advantage.
What is Hamak Gold's strategy for developing gold and digital assets?
Under the leadership of Chairman Nick Thurlow, the company prioritizes both gold mining – a traditional industry with stable value, while also expanding into digital asset management with governance and security standards equivalent to top financial institutions.
Clearly defining these two pillars helps Hamak Gold best leverage its multi-sector advantages while attracting institutional and individual investors, especially as the cryptocurrency market becomes increasingly widely accepted.
Frequently Asked Questions
How did Hamak Gold Limited raise capital? Through direct subscription and the offering of new shares organized by brokerage firm Peterhouse Capital. What is the price of the newly issued shares of Hamak Gold? The issue price is £0.008 per share, which is 27% lower than the closing price on July 2. How will the new capital be used? Part of it to pay off debts and supplement working capital, the rest will be invested in the Bitcoin asset management strategy. What major changes have occurred in the Hamak Gold Board? Two non-executive directors resigned, while there are two new directors in the leadership. What is Hamak Gold's long-term strategy? Combining traditional gold mining with digital asset management, ensuring transparency and organizational security.
Source: https://tintucbitcoin.com/hamak-gold-huy-dong-tai-tro-bitcoin/
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