Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

TechMediaBreaks – Nilam Resources Inc. (NILA) Signs LOI Marking ‘Significant Milestone,” Resulting in Acquisition of 24,800 Bitcoin

Nilam Resources (OTC: NILA), an investment holding company that stands at the forefront of innovation and strategic evolution, has entered into a letter of intent (“LOI”) with Xyberdata Ltd. The LOI outlines NILA’s intent to acquire 100% of the common stock of a special purpose entity that will hold 24,800 Bitcoin; the entity will be established under the name MindWave, a special purpose entity in Mauritius. According to the announcement, Nilam Resources anticipates issuing a newly authorized Preferred Class of Series C Stock in in exchange for 24,800 Bitcoins. In addition, NILA will receive 100% of the capital stock of MindWave. The company noted that the acquisition marks a significant strategic milestone and represents more than a billion dollars in digital assets. The acquisition, along with the strategic partnership that will result, supports NILA’s vision, mission and core values, all which focus on a future where finance is inclusive and sustainable. “The company and team have been working diligently over the last several months to finalize all agreements and due diligence necessary to proceed to a legally binding letter of intent,” said Nilam Resources CEO Pranjali More in the press release. “Transparency, innovation and sustainability define us. We prioritize clear communication, embrace cutting-edge ideas and invest in projects with enduring social and environmental impact.”

To view the full press release, visit https://ibn.fm/9kLQ9

About Nilam Resources Inc.

Nilam Resources is an investment holding company that stands at the forefront of innovation and strategic evolution. With its pursuit of growth, excellence, and positive impact, the Ccompany embraces the dynamic fields of frontier technologies and applications. Its main goal is to generate returns on its investments by acquiring, holding and sometimes actively managing a portfolio of businesses in various verticals including fintech, medtech, climatetech and more. By diversifying into these verticals, NILA aims to tap into the innovative potential of these technologies and contribute to their growth while generating returns for its investors. For more information, please visit www.Nila.Holdings.

About TechMediaWire

TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.TechMediaWire.com

Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://www.TechMediaWire.com/Disclaimer

TechMediaWire
Los Angeles, CA
www.TechMediaWire.com
310.299.1717 Office
Editor@TechMediaWire.com

TechMediaWire is powered by IBN

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.