Telegram Group has raised funding from a Canadian investor as part of initial coin offering (ICO).
Telegram Group Inc., through TON Issuer Inc., raised US $[mepr-active rule=”374″ ifallowed=”hide”]#SUBSCRIBERS ONLY CONTENT – where and how did you get your news? Subscribe today to see our research on this and all other subscriber ONLY news. Be informed!#[/mepr-active][mepr-active rule=”374″]30 million or CDN $32.235 million on March 29, 2018 from one unnamed Alberta investor through the issuance of three securities under Purchase Agreement for Cryptocurrency. [/mepr-active]
Cassels Brock & Blackwell LLP acted as Canadian counsel to Telegram Group Inc.
BritishVirgin Islands based Telegram is led by Pavel V. Durov (founder, CEO and sole director) and Nikolai Durov.
In January 2018, TON Issuer raised US $850M and said it may pursue one or more subsequent offerings.
Telegram intends to use the proceeds for the development of the TON Blockchain, the development and maintenance of Telegram Messenger, a cloud-based mobile and desktop messaging app with a focus on security and speed.
photo credit: Telegram