Blockchain
TSX Venture Exchange Stock Maintenance Bulletins
TSX Venture Exchange Inc. (the “Exchange”) has accepted for filing the amendment and restatement of the articles of Evermount Ventures Inc. (the “Company”) (renamed OOOOO Entertainment Commerce Limited) to create a new class of subordinate voting shares (the “Subordinate Voting Shares”), create a new class of multiple voting shares (the “Multiple Voting Shares”) and re-designate each outstanding common share of the Company as a Subordinate Voting Share. The aforementioned capital reorganization was completed in connection with the Company’s Qualifying Transaction, as further described below, and was approved by a special resolution of the shareholders of the Company on March 30, 2021. For further details, refer to the Company’s information circular dated March 3, 2021, which is available under its profile on SEDAR.
Qualifying Transaction-Completed/New Symbol
The Exchange has accepted for filing the Company’s arm’s length Qualifying Transaction (the “QT”) and related transactions, all as principally described in the Company’s filing statement dated March 10, 2021 (the “Filing Statement”). As a result, at the opening on Thursday, July 22, 2021, the Company will no longer be considered a Capital Pool Company. The QT includes the following matters, all of which have been accepted by the Exchange.
The Company has acquired all outstanding shares of Video Commerce Group Limited. (the “Target”) pursuant to a securities exchange agreement among the Company, the Target and the Target’s shareholders dated September 1, 2020, as amended, for aggregate consideration of 71,201,966 post-Consolidation (as defined below) shares of the Company, as further described below: (i) 35,108,195 Subordinate Voting Shares were issued to Target shareholders (except for Samuel Jones) in exchange for each ordinary share of the Target held by such shareholders; (ii) 17,332,771 Multiple Voting Shares were issued to Samuel Jones in exchange for each ordinary share of the Target held by Samuel Jones; and (iii) 18,761,000 Subordinate Voting Shares were issued to the subscribers under the Concurrent Financing (as defined below) completed by the Target. Samuel Jones is the sole holder of the Multiple Voting Shares and the issuance of the Multiple Voting Shares was approved by the shareholders of the Company on March 30, 2021.
In connection with the QT, the Target completed a non-brokered private placement for gross proceeds of $15,008,800 (the “Concurrent Financing”), pursuant to which 18,761,000 ordinary shares of the Target were ultimately issued at a price of $0.80 per share, each of which has been exchanged for one Subordinate Voting Share (post-Consolidation) in connection with the closing of the QT. Finders were paid total cash fees of $530,928 and were issued a total of 478,360 broker warrants (the “Broker Warrants”) in connection with the Concurrent Financing. Each one Broker Warrant is exercisable to acquire one Subordinate Voting Share (post-Consolidation) a period of one year from the closing of the QT at a price of $0.80 per Subordinate Voting Share.
An aggregate of 3,000,000 Subordinate Voting Shares (post-Consolidation) were issued to arm’s length finders (Wayne Lloyd and Pimlico Partners LLC) in connection with the QT.
The Exchange has been advised that closing of the QT occurred on July 19, 2021.
For further information, see the Filing Statement and the news releases of the Company dated July 19, 2021 and June 21, 2021, which are available under the Company’s profile on SEDAR.
Name Change and Consolidation
Pursuant to a resolution passed by the directors of the Company on December 31, 2020 and June 30, 2021, the Company has consolidated its capital on a two (2) old for one (1) new basis (the “Consolidation”). The name of the Company has also been changed as follows.
Effective at the opening on Thursday, July 22, 2021, the Subordinate Voting Shares of OOOOO Entertainment Commerce Limited will commence trading on TSX Venture Exchange, and the common shares of Evermount Ventures Inc. will be delisted. The Company is classified as a ‘Technology’ company.
Blockchain
Digital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
Digital Payment Gateway Market
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
-
Blockchain6 days ago
Pelican AI and Christie Capital Announce Launch of Brokered Financing
-
Blockchain Press Releases5 days agoBybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
-
Blockchain7 days agoBlocks & Headlines: Today in Blockchain (BubbleMaps, Pantera Capital, Week 2025, FP Complete, FP Block, Bybit, FarmX)
-
Blockchain5 days ago
Sportsbet.io Becomes New Title Partner of Snooker’s Players Championship, Tour Championship and Champion of Champions
-
Blockchain Press Releases5 days agoThe Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
-
Blockchain Press Releases6 days agoBybit & SignalPlus Unveil the 100,000 USDC Global Trading Showdown
-
Blockchain Press Releases6 days ago
Bybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake
-
Blockchain5 days agoFast, Secure, and Seamless: Bybit Card QR Pay Set to Transform Payments in Brazil
