FOR IMMEDIATE RELEASE
Toronto – Nov 6, 2019 (Access Wire) DigiCrypts Blockchain Solutions Inc., (CSE:DIGI) now doing business as DIGIMAX GLOBAL SOLUTIONS (the “Company” or “DigiMax“) is pleased to announce that it successfully completed the first funding on behalf of an Issuer. The funding was in the form of a Private Placement of Trust Units for a Real Estate Investment Trust located in Toronto.
The funding was completed by wholly owned subsidiary, DigiMax Capital Corp. (“DCC”). DCC is registered in Ontario Canada as an Exempt Market Dealer whereby it is registered to act on behalf of qualified investor clients to invest into Private Placements offered by suitable issuers.
The amount raised was the under $1 million and is the first of two tranches expected to be raised that combined can be as much as $5 million.
“We are excited to have completed a closing between investors and an issuer and we have several more following closely behind,” said DigiMax CEO, Chris Carl. “We have been working diligently building a large base of potential investors and we are starting to see more traction and interest from our potential investor clients.”
In the past three months, DigiMax has worked hard to rebalance its portfolio of consulting clients seeking to become issuers of either conventional equity or Security Tokens. Where allowed under its registration, DigiMax is also acting either as the lead broker dealer or an associate broker dealer for these Issuers.
Under its registration as an Exempt Market Dealer, DigiMax can only disclose the details of an issue to Accredited Investors and accordingly can only provide a list of the Issuers under engagement herein. DigiMax would be happy to work with any interested investor to provide more details about these issuers once the Accredited Investor status has been established.
The list of current and active Issuers that DigiMax is currently engaged by includes the following:
DigiMax is based in Toronto and is the first global company in the Digital Security space to be both publicly listed (listed on the Canadian Securities Exchange-symbol: DIGI) and to be approved by OSC in Ontario, Canada as an ‘Exempt Market Dealer’.
DigiMax is currently seeking to become a registered dealer in several other countries and is developing a state-of-the-art platform with its partners to provide qualified investors preferred access to high quality digital security offerings in the rapidly growing Digital Security market.
DigiMax also assists companies to raise capital through traditional forms of securities.
The Company has a highly qualified management team with extensive experience in global financial and capital markets, combined with a rapidly expanding global presence with joint venture partnerships already established in such important geographies as USA, Hong Kong, Indonesia, Malaysia, England, Singapore, Korea and Malta with discussions or negotiations underway in several more.
President & CEO
VP, Business Development
Telegram: Greg Limon
VP, Global Marketing
Chief Product Officer
Telegram: Sergey Shilnov
Cautionary Note Regarding Forward-looking Statements
NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
This press release contains “forward-looking statements”. Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding changing the Company’s name.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: shareholders approving the change of name to DigiMax, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.