Valereum PLC - AQSE-listed firm, which links mainstream currency products denominated in US dollars and pound sterling into cryptocurrencies - Says that its acquisition of the Gibraltar Stock Exchange will proceed in September, after securing committed funding from a US fund for mid-September of between GBP5 million to GBP8 million in two tranches. Says the Gibraltar Financial Services Commission has accordingly extended the deadline for completing the acquisition to September 28. Says GSX Group, the current owners of the GSX, supports this extension and has been "immensely helpful during this process".

Valereum Chair Richard Poulden says: "My family have been involved in Gibraltar for four generations and I saw in the GSX the opportunity to create a financial powerhouse which will drive Gibraltar's financial services industry. I am immensely grateful for the support we have received from many people in Gibraltar as we have strived to make this vision a reality."

Current stock price: 3.80 pence

12-month change: down 78%

By Greg Rosenvinge, Alliance News reporter

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