QualityStocksNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) Portfolio Company Closes Private Placement
Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning announced that a portfolio company that it incorporated earlier this year, FansUnite Entertainment Inc., has raised $4,457,750 CAD in a private placement financing. FansUnite raised capital in accordance with its strategy to maximize shareholder value, which includes going public in the fourth quarter of 2018. As a result of the private placement, Victory Square’s interest in FansUnite has decreased from 100% to 48.55%. “We’re extremely pleased with the impressive oversubscription of the FansUnite private placement,” Victory Square CEO Shafin Diamond Tejani stated in the news release. “FansUnite…