Sentences with phrase «strategic upfront capital»

Vancouver, British Columbia --(Newsfile Corp. — November 7, 2017)-- GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (TSXV: BLOC)(FSE: BWSP)(OTC Pink: BLKCF)(«Global Blockchain» or the «Company») is extremely pleased to announce that its wholly owned subsidiary Global Blockchain Mining Corp. has entered into an agreement to acquire a 49.9 % interest in Coinstream Mining Corp., («Coinstream») the world's first cryptocurrency mining company to employ the streaming model, providing strategic upfront capital and an additional payment upon delivery of the cryptocurrency, to select, proven, best - in - class operators and operations, in exchange for a stream of future cryptocurrency production, at a fixed price.

Under this agreement, Global Blockchain Mining Corp. will provide strategic upfront capital and an additional payment upon delivery of the cryptocurrency to select operators and operation, in exchange for a stream of future cryptocurrency production at a fixed price.