VALIANT INVESTMENTS PLC
("Valiant")
Update on Flamethrower Plc, Issue of Equity and Total Voting Rights
31 January 2016
Valiant is pleased to provide the following update on its 84.7% owned
subsidiary, Flamethrower plc, and to announce that it has raised funds of £
34,000 by way of a placing of ordinary shares.
FLAMETHROWER PLC
PORTFOLIO OF APPS FOR MINECRAFT
Flamethrower plc ("Flamethrower" or the "Company") has continued to expand its
portfolio of apps, with recent acquisitions including a portfolio of iOS and
Mac apps focussed on Minecraft, a multi-platform sandbox video game that
enables players to design and create their own constructions in a 3D
procedurally generated virtual landscape.
In 2016, lifetime global sales of Minecraft passed 100 million, with an average
of 53,000 copies sold each day, making it the second best-selling video game of
all time. Flamethrower's current portfolio of apps for Minecraft is as follows:
Lucky Block Mod For Minecraft: Guide And Tutorials (Mac) - A reference guide
for installing and using the lucky block in Minecraft.
Building For Minecraft (Mac) - An educational guide on how to build within
Minecraft.
Skins For Minecraft Tutorials And Guide (Mac) - A reference guide on how to
build skins for Minecraft.
Trivia Game For Minecraft (iOS) - A quiz and trivia game for Minecraft.
Trivia For Minecraft - Craft Guide And Quiz (Mac and iOS) - Trivia questions
and crafting and farming guide.
Cheats Guide And House Ideas For Minecraft (Mac) - A tutorial guide with house
ideas.
Tutorials For Pixelmon Mod For Minecraft (Mac and iOS) - A mod that adds
characters from the video game, Pokémon, to Minecraft.
House Ideas For Minecraft (Mac) - A video tutorial guide for building a wide
range of houses and structures in Minecraft.
Command Blocks Guide for Minecraft (Mac) - A tutorial guide on how to use
Command Blocks in Minecraft.
CONRAD WINDHAM, CHIEF EXECUTIVE OFFICER, SAID:
"The growth and popularity of Minecraft continues unabated, and we are
delighted to have acquired an initial portfolio of apps for Minecrafters at a
total cost of $34,375. The Mac apps are all priced on the App Store at between
tier 6 and tier 10 ($6.99 - $9.99), whilst the iOS versions are tier 2 ($1.99),
or monetized through ads. In addition to the apps for Minecraft acquired to
date, we also have a Skin Creator for Minecraft in development, which we are
targeting for release on Mac and iOS in February."
FORMATION OF SLOT RIGHT IN LTD
Flamethrower is pleased to announce the formation of a new wholly-owned
subsidiary, Slot Right In Ltd, which will serve as the Company's social casino
division going forward. Eilers & Krejcik Gaming has forecast the social casino
industry to be worth $4.4 billion in 2017, and the genre forms a cornerstone of
Flamethrower's strategy. Slot Right In Ltd currently has over 20 social casino
apps in development for release on both iOS and Android devices, including
slots, solitaire, and craps.
Flamethrower will continue to focus on expanding its own app portfolio across
other categories.
DOMAIN NAME PORTFOLIO
As Flamethrower evolves, the Company intends to diversify its digital asset
portfolio to acquire domain names, which can be monetized through resale,
leasing, and parking (i.e. thematic advertising). The Company intends to focus
predominantly on dot com top level domains.
ISSUE OF EQUITY
Valiant is pleased to advise that it has raised £34,000 by way of a placing of
34,000,000 new ordinary shares of 0.1p each at a price of 0.1p per share. The
monies raised will provide Valiant with additional working capital and enable
it to further accelerate the development of its 84.7% owned subsidiary,
Flamethrower.
The new ordinary shares rank pari passu with the existing ordinary shares.
Following this placing there are now 903,808,666 ordinary shares in issue, of
which the Directors are interested in a total of 15,520,000 ordinary shares,
representing 1.71% of the issued share capital.
CONRAD WINDHAM, CHIEF EXECUTIVE OFFICER, SAID:
"Having commenced construction of Flamethrower's portfolio of apps less than 10
months ago, we are delighted at both the pace we have been able to build the
portfolio, and the range of apps now offered. Going forward, we will continue
to expand the portfolio, and are greatly encouraged at the performance of
Flamethrower and the broader impact it will have to the future development and
growth of Valiant Investments."
TOTAL VOTING RIGHTS
In accordance with the Financial Conduct Authority's Disclosure and
Transparency Rules, the Company hereby announces that it has 903,808,666
ordinary shares of 0.1p each in issue ("Ordinary Shares"), each share carrying
the right to one vote. The Company does not hold any Ordinary Shares in
Treasury.
The above figure of 903,808,666 Ordinary Shares may be used by shareholders in
the Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules.
The Directors of Valiant accept responsibility for the content of this
announcement.
ENQUIRIES:
Company
Valiant Investments plc
Conrad Windham
Telephone: 01366 381541
Corporate Advisor
Peterhouse Corporate Finance Limited
Guy Miller / Mark Anwyl
Telephone: 020 7220 9796