Cameroon’s Kiro’o Games Sells Shares to its Users to Raise $115,000

Cameroon’s Kiro’o Games Studio, the first video game studio in the country is selling the company’s shares to private individuals through media campaign to raise capital pre-launch.

In a statement to TechMoran Kamdom Sorelle, PR and Community Manager at the Kiro’o Games Studio said, “We wish to communicate on the business opportunity we represent to you. We have decided to sell the studio’s shares to individuals and companies to finance our project.”

According to Sorelle, Kiro’o Games was able to finance itself by enabling individuals and companies to buy shares and become shareholders.

“We have already sold 140 shares out of 300 with 30 effective shareholders around the world (thus raising €84,000 Euros, so $115,000). The project is divided into 1000 shares out of which 300 have been put on sale at €610 a share.”

The firm says every corporate body or individual in good standing with their country’s Constitution and with the legislation of Cameroon can become a shareholder but such firms or individuals will have to justify the origin of funds by indicating their present of former activity.

These new investors will join Kiro’o Games over 20 investors around the world (Cameroon, USA, France, Canada, Germany, Belgium, etc) and in different age groups and different levels of experience. The firm says it also has companies in France and Canada as its shareholders.

Find more about Kiro’o Games here.