BlockChain Innovations Corp. (“BCI” or the “Company”-RRB-, an international blockchain technology provider serving the regulated gaming industry is very happy to announce that it has signed a letter of intent with Capricorn Business Acquisition Inc. (NEX Board CAK.H), for its qualifying transaction to go-public from the Third Quarter of 2018. With the 6-3 United States Supreme Court decision two-weeks ago striking down a 1992 law prohibiting such gambling outside Nevada, the American Gaming Association estimated there is more than $250 billion wagered annually in the united states.
FMI Capital Advisory Inc., (a sister company to Foundation Markets Inc. — a Toronto-based merchant/investment banking group) has been engaged to act as an exclusive financial advisor to BCI and FMI has been engaged as a financing representative to complete a capital increase via private placement. The increase will aim institutional and strategic investors, along with the net profits will be used to invest in the business ’s engineering and product development, advertising & brand awareness, and working capital. The specifics of the transaction are set out in Capricorn’s press release : https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00027230.
The planned go-public transaction will create BCI the very first on-blockchain wagering public business in the world to serve the regulated and player-to-player gaming industries in the uk, Europe, United States and gaming jurisdictions worldwide. BCI will announce further detail pertaining to the go-public transaction in due course.
BCI’s CEO Matt Stafford commented:
Adam Szweras, Chairman of Foundation Markets also commented:
Around BlockChain Innovation Corp..
Blockchain Innovations is headquartered in Las Vegas. The business designs and develops market ready blockchain technology for public and private real-money wagering and peer-to-peer gaming businesses across the world.
The organization ’s blockchain tech consists of a fully functional crypto-currency pocket, a tipbot — PebbleShare for easily sending and getting smart contracts, and its smart contracts platform- the perfect wagering eco-system for immediate verification, where contracts are tradeable, divisible, transferable and new wagering unavailable in traditional retail or online markets.
The organization ’s engineering is constructed around PebbleCoin, a gambling-by-design cryptocurrency that’s been mined since 2015. Pebblecoin’s unique features make it the sole crypto-currency that can facilitate real time wagering.
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