By Alliance | Wed, 27th December 2017 - 07:45
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LONDON (Alliance News) - Vela Technologies said Wednesday it acquired 15,000 shares in Canada-based blockchain firm BTL Group Ltd at a price of CAD10.1966 each.
Vela, an early-stage disruptive technology investment company, acquired the additional stake for a total consideration of CAD152,949, equivalent to GBP90,140.
Vela's holding in BTL is now 595,000 shares. Its stake is around 2.9% of total shares in BTL and valued at around CAD6.0 million. Vela also holds 25,000 warrants in BTL exercisable at a price of CAD3.25 for a period expiring in April 2019.
The acquisition by Vela follows a series of sales of shares in BTL recently. The most recent such sale was announced last Wednesday when it netted CAD174,500 through the disposal of 10,000 shares at CAD17.45.
By Ahren Lester; ahrenlester@alliancenews.com.
http://www.iii.co.uk/alliance-news/1514360735928311000-3/vela-technologies-buys-further-stake-in-btl-after-share-price-fall
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