Numisbing AB (publ) Secures SEK 150 Million Capital Commitment from GEM Global Yield Fund
STOCKHOLM, 10 of June, 2019 – NUMISBING AB (Numisbing or the Company) announced today that it has secured a SEK 150 million (~today EUR 14.1 million / USD 15.9 million) capital commitment agreement with GEM Global Yield Fund LLC SCS (GEM), a Paris, New York, Los Angeles based private alternative investment group. Proceeds raised from the investment will go towards working capital, inventory, projects funding & acquisition.“We are very pleased to secure this non-debt agreement with GEM Global Yield Fund," said Numisbing Founder & Chairman, Ramkumar Sarangapani. - “Simply put, this