Integrated Ventures Secures 1 Million
Funding Round Featuring CryptoCurrency Payment
Option
Philadelphia, PA -- December 21, 2017 -- InvestorsHub Newswire
--- Integrated Ventures, Inc., (OTCQB:
INTV)("Company") today announced that it has executed 1 million
Term Sheet with the Institutional Investor. This funding is the
CryptoFunder's first transaction which offers borrower a unique
lending structure featuring an option to pay down the principal via
digital currency.
The use of proceeds as follows:
- To purchase $600,000 warehouse facility to be used as main
mining farm
- To fund facility build out: shelving/connectivity/vent/heavy
power system installation
- To purchase additional mining rigs and related equipment
(mining and sales)
- To complete blockchain development for CryptoFunder
- To re-design corporate website
- To engage an investor relations firm.
"We view this multi-tranch funding round as our beta test and an
initial entry into financial sector. Blockchain technology along
with all digital currencies are gaining increased market attention
and adoption. CryptoFunder is a great business tool that can assist
public companies to secure a minimally dilutive funding, driven by
secured ledger. This lending platform is a prime example of how
blockchain based technologies can be leveraged to disrupt financial
markets. Today's news is a win win for the Company and its
shareholders: (1) it secures funding to purchase mining equipment
and (2) it signals the start of a new revenue stream. Integrated
Ventures intends to act only as an exclusive cloud mining partner
and to establish relationships with lending groups and investment
funds, so that they can directly market CryptoFunder to their
client base including initiating and managing the loan process,"
said Steve Rubakh, CEO of Integrated Ventures, Inc.
In addition to the 1 Million funding round, the Company has
retired all outstanding and highly dilutive warrants, by issuing a
$50,000 convertible note with option to pay down the outstanding
principle with digital currency. The Company expects to complete
both transactions by the end of next week and to file 8K.
* About Integrated Ventures, Inc: the Company is focused on
acquiring, launching and operating companies in the cryptocurrency
sector, mainly in digital currency mining, an equipment
manufacturing, sales of branded mining rigs as well as blockchain
software development.
** About BitcoLab: This majority owned subsidiary is pursuing
opportunities in cryptocurrency sector with focus on bitcoin
mining, hosting, pooling, manufacturing and distributing of own
brand of mining equipment and the development of blockchain based
applications for financial markets.
About CryptoFunder: The world's first financial blockchain
platform which acts like a decentralized and encrypted lending
ledger that offers a secure, efficient, verifiable and permanent
way of storing records and other lending information. These
protocols are the backbone of numerous digital currencies that are
being mined by the Company, including Bitcoin, Ethereum and
Litecoin. The CryptoFunder blockchain consists of qualifying,
initiating, underwriting, processing and managing funding
transactions, including tracking of digitally mined assets and
using them as a main mode of payment for loans, lending contracts
and convertible notes.
*** About CryptoCurrency Investments & Risks: The Company
urges all current and potential investors to visit https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11
to fully understand all risks involved in CryptoCurrency
investing.
Safe Harbor Statement: The information posted in this release
may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. You can identify
these statements by use of the words "may," "will," "should,"
"plans," "explores," "expects," "anticipates," "continue,"
"estimate," "project," "intend," and similar expressions.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
projected or anticipated. These risks and uncertainties include,
but are not limited to, general economic and business conditions,
effects of continued geopolitical unrest and regional conflicts,
competition, changes in technology and methods of marketing, and
various other factors beyond the Company's control.