Argentum 47 Inc (ARGQ)

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The agreed capital funding will be initially for a minimum of Two Million Great Britain Pounds (approximately US$2.64 million) and will be received in one or more tranches commencing the first week of December 2017.

This capital funding agreement is a major milestone in the development of the Company

that will enable the Company to finally create an all-encompassing 'financial services solution' that management has been patiently and diligently working towards for the last 12 months.


The capital funding received will mainly be deployed over four separate targeted acquisitions of financial advisory firms with multiple millions of dollars of funds under management.

The first two companies to be acquired are United Kingdom based as announced in our June 2, 2017 press release; one of which is a financial advisory firm fully licenced by the UK Financial Conduct Authority ("FCA") with approximately $51,000,000 of funds under management, and the second of which is a "Discretionary Fund Management Group" based in The Isle of Man with approximately $39,000,000 of funds under management. The combination of these first two acquisitions will give the Company a $90,000,000 million book of business within the UK, several hundred retail clients, and relationships with a wide array of new supportive companies and a firm stronghold position within the financial services sector.

The third and fourth acquisitions are Asian-based financial advisory firms with a similar amount of funds under management to the UK entities, which when acquired, will give our Company an initial combined $180,000,000 of funds under management, a client base into the thousands, a small but highly effective distribution force, 20 more staff and a true regulatory diversification with a second footing in the ever expanding Asian markets.

All four targeted acquisitions have been in business for many years, are cash flow positive and profitable.

Not all this capital funding will be deployed for inorganic growth as management intends to use the surplus capital funding to pay off convertible debt

and

also management intends to endeavour to renegotiate and pay off all non-convertible debt too.

https://ih.advfn.com/p.php?pid=nmona&article=76141939