02/01/2025
Valereum
Plc
("Valereum" or the "Company")
Valereum Plc announces
exercise of £2m option agreement by
Blue Sky Vision
LLC
Valereum Plc (AQSE: VLRM) is pleased
to announce that, as per announcement of 16 December 2024, Blue Sky
Vision LLC ("Blue Sky") has exercised its option to subscribe for
20,000,000 ordinary shares ("Subscription Shares") in the share
capital of Valereum at an issue price per share of GBP £0.10
("Exercise Price"), enabling the Company to raise £2 million,
subject to satisfactory completion of due diligence. A further
announcement will be made upon the completion of the subscription
and issuance of the Subscription Shares which is expected to occur
by the end of January 2025.
This partnership marks another step
forward for Valereum, paving the way for its enhanced growth and
innovation:
1. Strategic Growth
Potential: This potential funding
provides Valereum with the capital required to expand its portfolio
and pursue transformative projects in emerging markets.
2. Shared Values and Long-Term
Vision: Blue Sky Vision and its
affiliated entities focus on a tailored approach to investment,
focusing on fostering long-term relationships.
The
Excitement of Strategic Collaboration
This potential partnership is born
from a shared commitment to innovation and growth. Blue Sky Vision
and its affiliated entities aim to provide strategic advisory and
operational support and will help position Valereum to seize new
opportunities and navigate challenges with agility should the share
purchase transaction be completed. Together, we aim to redefine
industry standards and deliver exceptional outcomes for
investors.
Building and Growing Together
Once completed, the £2 million
funding round will symbolise more than a financial boost, it would
be a joint endeavour to maximise impact and dig into untapped
potential. With Blue Sky Vision and its affiliated entities'
dedicated resources and network, alongside the support of DMC
Markets Inc. With the completion of these deals, Valereum will be
well-equipped to scale operations, access new markets, and build
sustainable growth.
More About Blue Sky Vision and its affiliated
entities
Blue Sky Vision and its affiliated
entities consist of a diverse team with extensive experience in the
investment and finance industry. Leveraging the team's experience,
the group specialises in empowering entrepreneurial businesses
through customised investment strategies and strategic
guidance.
Valereum CEO Nick Cowan added:
"This is a defining moment for
Valereum, following a culmination of our efforts to source funding
from strategic partners which bring synergistic benefits into
Valereum. We are now focused on significantly accelerating the
delivery of our vision. Together, we plan to scale the business to
unprecedented heights and deliver significant value to our
investors and stakeholders."
This contemplated subscription and
issue of shares will be conditional upon First Sentinel Corporate
Finance performing their routine compliance review of the private
equity Investor.
The Subscription Shares will be
subject to a lock-up for a period of 12 months from the date of the
applicable issue and allotment ("Lock-up period"), except that,
following the expiry of the first six months of the Lock-Up Period,
the restrictions will no longer apply to the sale, transfer, or
disposal of the Subscription Shares, provided that the aggregate
market value of the Subscription Shares disposed of does not exceed
the value of the Option.
We will continue updating the market
with further news in due course.
For further information, please
contact:
Enquiries:
Valereum Plc
James Formolli,
Chairman
Tel: +44 7938 767319
Stanford Capital
Partners
Bob Pountney
Patrick Claridge
Tel: +44 023 3650 3650
AQSE Corporate Adviser
First Sentinel Corporate
Finance
Brian Stockbridge / Gabrielle
Cordeiro
Tel: +44 20 3855 5551
The Directors of the Company accept
responsibility for the contents of this announcement.
For more information, please visit
the Company's website at www.vlrm.com