Blockchain-focused venture builder Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning provided an investor update on the strong performance of its portfolio companies. First, in December 2017, the company purchased C$250,000 worth of Bluzelle tokens, receiving an additional 25 percent incentive bonus for being an early contributor. Per the release, the value of these tokens has increased from $0.09 at the time of investment to a current price of $0.55, marking a 511 percent increase over Victory Square’s average base cost. Second, VS Blockchain Assembly Inc., in which Victory Square maintains an approximate 36.17 percent equity stake, recently completed a financing at $0.75 per share, valuing the company at approximately C$33.2 million ahead of its planned listing on the Canadian Securities Exchange later this year. Finally, FansUnite Media Inc., which Victory Square acquired in September 2016, is currently raising a private placement round of C$4 million to support its Q4 2018 go-public strategy. “We are delighted to report that we have seen extremely rapid growth amongst our portfolio companies as each one of them has achieved key milestones in the past few months,” Shafin Diamond Tejani, CEO of Victory Square, noted in the news release.
To view the full press release, visit http://ibn.fm/hAVAW
About Victory Square Technologies Inc.
Victory Square Technologies is a blockchain-focused venture builder that funds and empowers entrepreneurs to implement innovative blockchain solutions. Victory Square portfolio companies are disrupting every sector of the global economy including Virtual Reality, Artificial Intelligence, Personalized Health, Gaming and Film. Victory Square has a proven process for identifying game-changing entrepreneurs and providing them with the partners, mentorship and support necessary to accelerate their growth and help them scale globally. For more information, please visit www.VictorySquare.com
MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.