Toronto, Ontario--(Newsfile Corp. - June 18, 2019) - DigiCrypts Blockchain Solutions Inc., (CSE: DIGI) now doing business as DIGIMAX GLOBAL SOLUTIONS (the "Company" or "DigiMax") is pleased to announce that its wholly owned subsidiary, DIGIMAX CAPITAL CORP. ("DigiMax Capital") has been granted registration in the category of Exempt Market Dealer in the province of Ontario.
Chris Carl has also been individually registered as Chief Compliance Officer of DigiMax Capital.
DigiMax Capital currently provides corporate advisory services to clients seeking to grow their businesses by accessing capital either through conventional means or through the issuance of digital securities such as Security Tokens. This registration now allows DigiMax Capital to distribute securities of such issuers on an exempt basis in Ontario and take a more active role organizing the distribution of such securities through brokers registered in other jurisdictions around the world.
This registration is granted by the Ontario Securities Commission (the "OSC"). On its website, (https://www.osc.gov.on.ca/en/exempt-market.htmwhat-is-the-exempt-market) the OSC states the following:
The "exempt market" describes a section of Canada's capital markets where securities can be sold without the protections associated with a prospectus. Examples of activity in the exempt market include:
- Canadian and foreign companies, both public and private, selling securities to institutional investors and qualified investors
- Canadian and foreign hedge funds and pooled funds selling securities to institutional investors and qualified investors
"We are very excited to have been granted registration as an EMD in the jurisdiction of Ontario in Canada," says DigiMax CEO Chris Carl. "This registration allows us to serve Ontario based corporations and investors as an exempt market dealer in various forms of funding, and to market such offerings to institutional or accredited investors. Working with our growing network of similarly registered dealers in other countries, DigiMax Global Solutions is well on its way to becoming the leader of a global syndicate of dealers able to assist companies to raise capital around the world."
About DigiMax
DigiMax is based in Toronto, Canada and is a company aiming to become a world leader in advising companies issuing both conventional and digital securities, such as security tokens, in Ontario Canada, and in association with its global syndicate of registered dealers, in any country around the world in which such an offering is made.
DigiCrypts BlockChain Solutions Inc, doing business as DigiMax Global Solutions, is listed on the Canadian Securities Exchange under the symbol DIGI.
Contacts:
Chris Carl
President & CEO
416-312-9698
ccarl@digimax.global
David Posner
Chairman
647-985-6727
dposner@digimax.global
Greg Limon
VP, Business Development
Telegram: Greg Limon
glimon@digimax.global
Stan Milc
VP, Global Marketing
Telegram: @stanmilc
smilc@digimax.global
Sergey Shilnov
Chief Product Officer
Telegram: Sergey Shilnov
sshilnov@digimax.global
Cautionary Note Regarding Forward-looking Statements
NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
This press release contains "forward-looking statements". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding changing the Company's name.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: shareholders approving the change of name to DigiMax, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45713
