Bluebird Merchant Ventures (LSE: BMV) and Auric Network Provide Funding Updates
February 24 2021 - 9:17PM
Business Wire
London exchange listed mining company and
blockchain innovation group confirm funding for Korean gold mine
project
Bluebird Merchant Ventures Ltd (“BMV”), a London Stock Exchange
listed mining company (LSE:BMV) is pleased to announce that it
recently received a second tranche of non-dilutive funding from
Auric Network Limited, (“Auric”), a Hong Kong based company, as
prepayment for gold at a 20% discount to the market price of gold
at the time of delivery.
BMV expects a third funding tranche on the week of the 15th,
March 2021 that is designated for construction at Geochang
(Kochang).
Aidan Bishop, Founding Director at BMV, states, “As investors
continue to battle the effects of the global pandemic, demand for
gold has unequivocally strengthened and Bitcoin, which is being
seen as digital gold, recently climbed to new all time highs. We
are excited to be in partnership with Auric Network and Mine
Foundation, utilizing a next-generation investment platform with a
fully decentralized currency.”
Focused on providing a platform that offers financial inclusion,
the tokens issued on the Mine Foundation platform will be directly
linked to the delivery of gold from the South Korean mines.
South Korea is one of the world’s largest adopters of
cryptocurrency and trades substantial daily volumes on various
exchanges. The market capitalization of cryptocurrencies has
increased from $400 billion to $1.4 trillion over the last 6
months, with companies like Tesla investing into the space and
showing support for this new asset class.
Currently, Auric Network is listed on Uniswap.org, a
blockchain-based exchange. To learn more, follow Auric Network on
Twitter at @auric_network and BMV at @bluebirdIR
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version on businesswire.com: https://www.businesswire.com/news/home/20210224006229/en/
Aidan Bishop Bluebird Merchant Ventures Limited EMAIL:
aidan@bluebirdmv.com
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