BlockChain Innovations Corp

BlockChain Innovations Corp. Announces its Letter of Intent to Go Public

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BlockChain Innovations Corp. (“BCI” or the “Company”), an international blockchain technology supplier serving the regulated gaming industry is pleased 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 in 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 of Nevada, the American Gaming Association estimated there is over $250 billion wagered annually in the US.

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 agent to complete a capital raise via private placement. The raise will target strategic and institutional investors, and the net proceeds will be used to invest in the Company’s technology and product development, marketing & brand awareness, and working capital. The details of the transaction are set out in Capricorn’s press release at: https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00027230.

The planned go-public transaction will make BCI the first on-blockchain wagering public company in the world to serve the regulated and player-to-player gaming industries in the United Kingdom, 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:

“With the United States sports betting market opening and the go-public transaction set for the Third Quarter, BCI can bring it’s gaming-by-design blockchain technology to several regulated gaming markets, I want to extend a sincere thank all our investors for making this milestone in BCI’s history possible.”
Adam Szweras, Chairman of Foundation Markets also commented:

“BCI continues Foundation Market’s proven track record of successfully backing companies in the emerging high growth industries. We are excited to be a part of BCI’s one of a kind market ready blockchain technology.”
About BlockChain Innovation Corp.

Blockchain Innovations is headquartered in Las Vegas. The company designs and develops market ready blockchain technology for public and private real-money wagering and peer-to-peer gaming companies across the globe.

The company’s blockchain technology consists of a fully functional crypto-currency wallet, a tipbot – PebbleShare for easily sending and receiving smart contracts, and its smart contracts platform- the ideal wagering eco-system for instant confirmation, where contracts are tradeable, divisible, transferable and new wagering not available in traditional retail or online markets.

The company’s technology is built around PebbleCoin, a gambling-by-design cryptocurrency that has been mined since 2015. Pebblecoin’s unique features make it the only crypto-currency that can facilitate real-time wagering.

BlockChain Innovations Corp. Announces its Letter of Intent to Go Public was last modified: June 22nd, 2018 by CasinoNews.Today