Lomiko Investment Promethieus Cryptocurrency Mining Outlines Plan To Go Public
April 06 2018 - 8:00AM
Business Wire
LOMIKO METALS INC. (TSXV:LMR) (OTC: LMRMF) (FSE: DH8C) (ISIN:
CA54163Q1028) (WKN: A0Q9W7) (LEI: 529900GJP51V4HR9MN94) ("Lomiko"
or "the Company”) has engaged Isatis Capital Partners ("Isatis") to
plan the organization and the inception of a UK public cash shell,
done in parallel with a European financing through a licensed
broker/dealer for Promethieus Cryptocurrency Mining Corp
(Promethieus). Following this, the company plans to select a
European Exchange. Lomiko has an option to increase its position in
Promethieus Cryptocurrency Mining Corp. previous to the Reverse
Tale Over (RTO) with the UK shell if funds are required for
operational reasons. Lomiko currently owns a 25% equity stake in
Promethieus as well as a 25% equity interest in SHD Smart Home
Devices, which also owns 25% of Promethieus.
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the full release here:
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Golden Goose Cryptocurrency Mining Rig
(Photo: Business Wire)
The scope of the Isatis mandate involves two activities, namely:
(1) the organization, implementation, clearing with securities
regulator and the floating on a Multilateral Trading Facility (MTF)
of a Public Limited Company (PLC) organized under the Companies
Act, 2006 of the United Kingdom and (2) canvassing and introducing
through a licensed broker/dealer to European sophisticated and
institutional investors the proposed venture to be amalgamated in
the cash shell with the aim to carry out a private placement
concurrently with the floating of the ordinary shares of the PLC on
a MTF regulated under the Markets and Financial Instruments
Directive (MiFID).
Promethieus has assembled a proof of concept demonstrator called
the Golden Goose Crypto Rig for market validation and testing
customer interest. The concept was well received at a recent
Vancouver economic summit. The overwhelming response has set the
stage for both consumer and enterprise sales such as centralized
Mining Farm operations. Configuration of a lower power home and/or
office cryptocurrency mining rig called the Golden Goose II for
individual consumers seeking to participate in cryptocurrency
mining has been added to the product roadmap to support the
increased market interest. Both rigs are fully operational and have
been actively mining since December 2017. The enterprise and
consumer Golden Goose Crypto Rigs will be further optimized for
production to benefit from volume buying cost reduction post
funding.
The current Promethieus team has expertise in power management
hardware and is developing power management systems to reduce power
consumption, increase longevity and maximize hardware operating
efficiency for high cost, power hungry electronics hardware
associated cryptocurrency mining. Further, the client has
established relationships with owners of several facilities and has
a rollout plan to rapidly increase mining capabilities based on
available capital.
For more information, please contact 604-729-5312 or
Email: info@lomiko.com Website: lomiko.com.
On behalf of Lomiko Metals Inc,
"A. Paul Gill"
A. Paul Gill,
President & CEO
We seek safe harbor. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release
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version on businesswire.com: https://www.businesswire.com/news/home/20180406005184/en/
Lomiko Metals Inc.A. Paul Gill,
604-729-5312info@lomiko.com
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