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DMG Blockchain Solutions Inc. Is a full service diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem.

Sep 16, 2019  DMG Blockchain Solutions Inc. Is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG, with its Blockseer division located in Silicon Valley, intends to be the global leader in industrial scale crypto mine hosting – Mining as a Service (MaaS. Get on the Ultimate List of Blockchain Stocks. BlockchainStocks.com is the internet’s premier destination for everything related to Blockchain stocks, as well as Blockchain stock investing enthusiasts.Are you a publicly traded Blockchain company or Cryptocurrency company not listed on The Ultimate List of Blockchain Stocks and would like to be? This is the main Dmg Blockchain Solutions Inc stock chart and current price. You can find more details by going to one of the sections under this page such as historical data, charts, technical. View detailed financial information, real-time news, videos, quotes and analysis on DMG Blockchain Solutions, Inc. Explore commentary on DMG Blockchain Solutions, Inc. And hear what. DMG is a diversified cryptocurrency and blockchain platform company that is focused on the two primary opportunities in the sector - mining public blockchains and applying permissioned blockchain technology to address the fraud and friction that plagues the movement of value through supply chains.

• DMG’s diversified bitcoin mining and blockchain business is unique amongst peers
• Element Fleet Management is a global leader in the fleet management industry
• DMG-Element alliance is one of the first to explore fleet management inefficiencies using blockchain technology to strengthen supply chain

VANCOUVER, British Columbia, Dec. 04, 2017 (GLOBE NEWSWIRE) -- Aim Explorations Ltd. (TSX-V:AXN.H) ('AIM' or the 'Company'), is pleased to amend the terms of the private placement announced on November 13, 2017. AIM and DMG Blockchain Solutions Inc. ('DMG') have increased the private placement to up to 31,250,000 subscription receipts (each a 'Subscription Receipt') at a price of $0.80 per Subscription Receipt for gross proceeds up to $25,000,000 and minimum gross proceeds of $10,000,000 (the 'Offering'). The Offering is being completed in connection with the proposed qualifying transaction (the “Transaction”) between AIM and DMG. The Company and DMG have also granted Canaccord Genuity Corp. (the 'Lead Agent') an option to increase the Offering by up to an additional fifteen percent (15%) at any time up to forty-eight (48) hours prior to the Closing Date (as defined below).

Dan Reitzik, the CEO of DMG commented, “We are delighted by the response from the investment community to our offering and welcome Element Fleet Management Corp. as a strategic investor. We are excited about working with Element, the global leader in fleet management, to develop one of the most significant blockchain technology solutions in the industry.”

Upon completion of the previously announced amalgamation, it is intended that AIM will be known as 'DMG Blockchain Solutions Inc.' (the 'Resulting Issuer'). Each Subscription Receipt shall entitle the holder thereof to receive, upon satisfaction of the escrow release conditions on or before the escrow release deadline (the 'Escrow Release Deadline'), including all conditions precedent to the Transaction being satisfied, and without payment of additional consideration therefor, one common share in the capital of the Resulting Issuer (each, a 'Resulting Issuer Share'). Should the escrow release conditions not be satisfied by the Escrow Release Deadline, the Subscription Receipts will be cancelled and all proceeds from the sale of Subscription Receipts will be returned to subscribers. The statutory hold period of four months will commence on the closing of the Offering. The Resulting Issuer Shares issuable pursuant to the Offering will be subject to a hold period lasting four months and one day following the closing of the Offering.

The closing of the Subscription Receipt financing is subject to the Company graduating from the NEX board to the TSX Venture Exchange Tier 2 (the 'Exchange'), which the Company expects to occur on or about December 20, 2017.

It is anticipated that the Transaction will close in the first quarter of 2018 (the 'Closing Date'), subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Exchange.

Strategic Investment from Element Fleet Management Corp.

The Company and DMG are pleased to announce that Element Fleet Management Corp. ('Element') (TSX:EFN) has committed to making a strategic investment in the Resulting Issuer for an ownership stake of approximately 9.9% of the Resulting Issuer on an undiluted basis.

DMG and Element are working towards the development of a leading-edge blockchain solution for fleet-management that is expected to result in greater efficiencies and cost-savings for Element’s fleet customers and business partners and new product offerings. DMG welcomes Element’s investment which further solidifies DMG’s position as a leading blockchain solution provider for IoT applications.

'Blockchain technology represents a paradigm change with profound implications for fleet, where on a continuous basis organizations need to optimize the value of their mission-critical assets, manage complex supply chains, and comply with strict regulatory and reporting requirements,' said John Wall, Chief Technology Officer of Element. 'This investment and collaboration will allow us to accelerate innovation and deploy blockchain-based solutions for our clients that make their fleet and mobility activities smarter, safer and more secure.'

See AIM’s news releases dated November 6, 2017 and November 13, 2017 for further information about the Transaction, the Offering, DMG and its business. AIM will issue additional news releases related to the Transaction and related financings and other material information as it becomes available. There can be no assurance that the Transaction and the Offering will be completed as proposed or at all.

About DMG

DMG Blockchain Solutions is a full service blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG intends to be the global leader in bitcoin mining hosting, Mining as a Service (MaaS), and diversified blockchain platform development. For more information, please visit dmgblockchain.com.

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About Element Fleet Management

Element Fleet Management is a global leader in the fleet management industry, providing world-class fleet management services that empower extraordinary results across the total fleet lifecycle. It provides a comprehensive range of services across many asset types, helping customers in a variety of industries around the world increase productivity, mitigate risk and reduce total cost of ownership. For more information, please visit elementfleet.com/about-us.
For further information please contact:

DMG Blockchain Solutions Inc.
Investor Relations: John Martin
Toll Free: 1-888-702-0258
Email: info@dmgblockchain.com
Web: www.dmgblockchain.com
Direct: 778-868-6470

Geoff Balderson, Chief Executive Officer of Aim Explorations Ltd.
Phone: 604-602-0001

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

Cautionary Note Regarding Forward-Looking Information

Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and, if applicable, pursuant to the requirements of the Exchange, shareholder approval. There can be no assurance that the Transaction or the Offering will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Trading in the common shares of the Company has been halted in accordance with the policies of the TSX Venture Exchange and will remain halted until such time as all required documentation has been filed with and accepted by the Exchange and permission to resume trading has been obtained from the Exchange.

All information in this news release concerning DMG has been provided for inclusion herein by DMG. Although AIM has no knowledge that would indicate that any information contained herein concerning DMG is untrue or incomplete, AIM assumes no responsibility for the accuracy or completeness of any such information.

The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Certain statements in this press release are forward-looking statements, which include completion of the proposed Transaction and related financing, the potential collaboration with Element,the potential investment by Element, the completion of any transaction including hosting contracts with potential customers, development of technologies, future plans, regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, security threats, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, anticipated costs, the ability to achieve goals and the price of bitcoin. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, the impact of technology changes on the industry, failure to develop new and innovative products, litigation, increase in operating costs, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.Counter strike go download mac.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, AIM disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, AIM undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. Pokemon super effective comic.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

(Not for dissemination in the United States of America)

VANCOUVER, British Columbia , Feb. 13, 2018 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V:DMGI) (“DMG” or the “Company”), is pleased to announce the acquisition of Datient, Inc., doing business as “Blockseer” (the “Transaction”) pursuant to which DMG’s U.S. subsidiary will acquire all of the issued and outstanding securities of Blockseer, and will close upon the TSX Venture Exchange’s approval.

About Blockseer

Blockseer is a private company incorporated under the laws of Delaware, U.S.A., with its business headquarters in Silicon Valley, California, USA.

Blockseer’s mission is to make Blockchain data and applications accessible to everyone by providing valuable analysis of patterns, useful metrics, clear visualizations, and actionable intelligence. Blockchains are a new platform that enable transactions and applications (or smart contracts) in a decentralized setting. Blockseer provides the analytics tools for these transactions and applications on the Blockchain. Blockseer’s current team consists of seven (7) Blockchain developers located in Silicon Valley, California, USA, and is led by its Chief Executive Officer and founder, Danny Yang.

Terms of Transaction

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Under the terms of the Transaction, DMG, through its U.S. subsidiary (“DMG-US”), will acquire Blockseer for a purchase price comprising C$2,630,769 in cash and up to 7,673,076 common shares of DMG (the “Transaction Shares”) with a maximum transaction value of C$16,000,000. The number of Transaction Shares to be issued will be based on the 15-day volume weighted average trading price of DMG’s shares on the TSX Venture Exchange following the closing of the Transaction.

The Transaction Shares issued to the former Blockseer securities holders will be subject to vesting with such shares vesting ratably on a calendar quarterly basis over a two-year period following the Closing (the “Trading Restrictions”).

Following the Transaction DMG-US will own 100% of Blockseer, with DMG-US shares being owned approximately 61% by DMG and approximately 39% by the selling securityholders of Blockseer.

Dmg Blockchain Solutions Inc Stock Price

Upon completion of the Trading Restrictions each individual holder of the DMG-US shall have the option to exchange of such shares at the election of the holder 1-for-1 for DMG common shares which will be fully tradable subject to the regulations of the TSX Venture Exchange., Additionally, in the event that upon completion of the Trading Restrictions the per share price of DMG’s common shares is greater than C$0.40 (as adjusted for stock splits and consolidations), then DMG, at its sole election, shall have the option to exchange all of the shares of DMG-US held by the former security holders of Blockseer 1-for-1 for common shares of DMG, which will be fully tradable shares in accordance with the policies of the TSX Venture Exchange.

In connection with the Transaction, Danny Yang has been appointed as the Chief Technology Officer of DMG and Sheldon Bennett has been appointed as the Chief Operating Officer and will also remain as a director of DMG. Additionally, all of the Blockseer developers, including Mr. Yang, have agreed to enter into new employment agreements.

Appointment of Lou Kerner to the Advisory Board

The Company is also pleased to announce the appointment of Lou Kerner to the Company’s advisory board. Lou Kerner is a Founding Partner of CryptoOracle, a Crypto VC and Advisory firm focused exclusively on investing and advising entities leveraging, blockchain, cryptocurrency, smart contracts and decentralization. Lou Kerner had a distinguished career as an equity analyst following media and tech companies for Goldman Sachs and Merrill Lynch.

About DMG

DMG Blockchain Solutions Inc. is a full service diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG intends to be the global leader in bitcoin mining hosting, Mining as a Service (MaaS), bitcoin mining, forensics and diversified blockchain platform development.

On behalf of the Board of Directors,

Daniel Reitzik, CEO & Director

Dmg Blockchain Stock Tsx

For further information please contact:

DMG Blockchain Solutions Inc.
Investor Relations: John Martin
Toll Free: 1-888-702-0258
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com
Direct: 778-868-6470

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information based on current expectations. Statements about the acquisition of Blockseer, other transactions, product development, customer acquisitions, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; market conditions and the demand and pricing for products; the demand and pricing of bitcoins; security threats, including a loss/theft of DMG’s bitcoins; DMG’s relationships with its customers, distributors and business partners; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

The securities of DMG are considered highly speculative due to the nature of DMG’s business.

Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, competition, security threats including stolen bitcoins from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain technology generally, failure to develop new and innovative products, litigation, increase in operating costs, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.