The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Vela Technologies plc ("Vela") Update re. proposed investment in BlockchainK2 Corp. Further to the announcements released by Vela on 18 January 2018 and 5 April 2018, the Board of Vela (AIM: VELA), the investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to note the update announcement released on 18 May 2018 by African Hydrocarbons Inc. ("African Hydrocarbons"). African Hydrocarbons has received conditional approval from the TSX Venture Exchange in relation to its proposed "Change of Business" transaction ("COB Transaction"). As previously disclosed, African Hydrocarbons is undertaking the COB Transaction pursuant to the policies of the TSX Venture Exchange, with the result that African Hydrocarbons (which will be renamed BlockchainK2 Corp.) will become a blockchain technology company, listed on the TSX Venture Exchange, with its initial business being cryptocurrency mining. As previously announced, Vela has entered into a conditional agreement to invest £200,589 to acquire a minority equity stake in BlockchainK2 (the "Proposed Investment"). The Proposed Investment will be funded from Vela's existing cash resources. The Proposed Investment remains subject to a number of conditions being satisfied, including final approval from the TSX Venture Exchange. African Hydrocarbons is working to fulfil those conditions for receipt of final approval from the TSX Venture Exchange and to close the COB Transaction. If the COB transaction is not completed then the Proposed Investment would not take place and funds would be returned to Vela. There can be no assurances that the COB transaction and the Proposed Investment will be completed. Further announcements on the Proposed Investment will be made by Vela at the appropriate time. Extracts from the Africa Hydrocarbons announcement are copied below: Africa Hydrocarbons Receives Conditional Approval for Its Proposed Change of Business Transaction VANCOUVER, British Columbia, May 18, 2018 (GLOBE NEWSWIRE) -- Africa Hydrocarbons Inc. (NFK.H:NEX) (KNPRF:PNK) (KRL1:STU) (the "Company") is pleased to announced that it has received conditional approval from the TSX Venture Exchange in relation to the Company's proposed "Change of Business" transaction ("COB Transaction"). As previously disclosed, the Company is undertaking the COB Transaction to pursuant to the policies of the TSX Venture Exchange (the "Exchange"), with the result that the Company (which will be renamed BlockchainK2 Corp.) will become a blockchain technology company, listed on the Exchange, with its initial business being cryptocurrency mining. The Company has reserved the stock symbol "BITK" in connection with such proposed name change. The Company is working to fulfill those conditions for receipt of final approval from the TSXV and to close the COB Transa
AMAZING how all so called indicators on differing sites etc advise to “sell” then a couple of days later it’s up 20-30% utter garbage.......nothing wrong with hodling ! And so nice to see that SS moved on too just shows these manipulating factors that lay along side these aim companies need to be mentally overridden to achieve your end goal.....MONEY ! Moving up on no news is great.....once news hits on multiple levels this will be a totally different company!