DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF)
(FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and
cryptocurrency technology company, announces it has appointed
Lawrence Truong as Strategic Advisor. Mr. Truong was most recently
CEO of Binance Canada, at which he developed its go-to-market
strategy. Prior to Binance, Lawrence was Chief Compliance Officer
at Tetra Trust Company, at which he developed policies, procedures,
training and oversight. As Tetra is controlled by Coinsquare, Mr.
Truong’s role expanded to lead Compliance at all of Coinsquare. In
his role, he fostered and developed a culture of compliance,
building trusted relationships with regulators, business partners
and company employees. In his roles as Chief Compliance Officer for
Tetra Trust and Coinsquare, Mr. Truong played a critical role in
the successful licensing efforts of each company.
At DMG, Mr. Truong will be responsible for
spearheading new initiatives that leverage his 25 plus years of
experience in the capital markets, his expertise in regulatory
compliance, his extensive network and relationships and his
understanding of building platforms that meet the compliance
requirements expected by regulators and financial institutions
alike. Mr. Truong commented, “I am excited to join the DMG team and
plan to use my experience and expertise to build bridges between
TradFi and blockchain to further blockchain adoption. Given DMG’s
strong software team, we will have the opportunity to build
infrastructure that can service the needs of the largest financial
institutions.”
DMG’s CEO Sheldon Bennett added, “Lawrence
brings a wealth of experience and contacts that could significantly
enhance DMG’s Core+ strategy to monetize bitcoin transactions. We
are excited to add him to our team and focus the company’s software
development in a way that could significantly increase DMG’s
software revenue over time. We intend to disclose more about these
new initiatives in the coming months.”
Stock Option Grant
DMG also announces it has granted 1,266,110
stock options (“Options”) to employees and directors of the
Company. The Options are exercisable for a period of five years at
a price of $0.29 per share and will vest as to 25% on each of the
six-, 12-, 18- and 24-month anniversaries of the grant date.
About DMG Blockchain Solutions Inc.
DMG is an environmentally friendly vertically
integrated blockchain and cryptocurrency company that manages,
operates, and develops end-to-end digital solutions to monetize the
blockchain ecosystem. DMG’s sustainable businesses are segmented
into two business lines under the Core and Core+ strategies and
unified through DMG’s vertical integration.
For more information on DMG Blockchain Solutions visit:
www.dmgblockchain.comFollow @dmgblockchain on Twitter and subscribe
to DMG's YouTube channel.
For further information, please contact:
On behalf of the Board of Directors,
Sheldon Bennett, CEO & DirectorTel:
516-222-2560Email: investors@dmgblockchain.comWeb: www.dmgblockchain.com
Investor Relations ContactCORE IR
516-222-2560
For Media InquiriesJules AbrahamCORE
IR917-885-7378julesa@coreir.com
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Cautionary Note Regarding
Forward-Looking Information
This news release contains forward-looking
information or statements based on current expectations.
Forward-looking statements contained in this news release include
statements regarding presenting at upcoming conferences, DMG’s
strategies and plans, the expected benefits and expectations of Mr.
Truong as an advisor, delivering products and services that enable
the monetization of bitcoin transactions, developing and executing
on the Company’s products and services, the launch of products and
services, events, courses of action, and the potential of the
Company’s technology and operations, among others, are all
forward-looking information.
Future changes in the Bitcoin network-wide
mining difficulty rate or Bitcoin hash rate may materially affect
the future performance of DMG’s production of bitcoin, and future
operating results could also be materially affected by the price of
bitcoin and an increase in hash rate mining difficulty.
Forward-looking statements consist of statements
that are not purely historical, including any statements regarding
beliefs, plans, expectations, or intentions regarding the future.
Such information can generally be identified by the use of
forwarding-looking wording such as "may", "expect", "estimate",
"anticipate", "intend", "believe" and "continue" or the negative
thereof or similar variations. The reader is cautioned that
assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted, as
a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company,
including but not limited to, market and other conditions,
volatility in the trading price of the common shares of the
Company, business, economic and capital market conditions; the
ability to manage operating expenses, which may adversely affect
the Company's financial condition; the ability to remain
competitive as other better financed competitors develop and
release competitive products; regulatory uncertainties; access to
equipment; market conditions and the demand and pricing for
products; the demand and pricing of bitcoins; security threats,
including a loss/theft of DMG's bitcoins; DMG's relationships with
its customers, distributors and business partners; the inability to
add more power to DMG's facilities; DMG's ability to successfully
define, design and release new products in a timely manner that
meet customers' needs; the ability to attract, retain and motivate
qualified personnel; competition in the industry; the impact of
technology changes on the products and industry; failure to develop
new and innovative products; the ability to successfully maintain
and enforce our intellectual property rights and defend third-party
claims of infringement of their intellectual property rights; the
impact of intellectual property litigation that could materially
and adversely affect the business; the ability to manage working
capital; and the dependence on key personnel. DMG may not actually
achieve its plans, projections, or expectations. Such statements
and information are based on numerous assumptions regarding present
and future business strategies and the environment in which the
Company will operate in the future, including the demand for its
products, the ability to successfully develop software, that there
will be no regulation or law that will prevent the Company from
operating its business, anticipated costs, the ability to secure
sufficient capital to complete its business plans, the ability to
achieve goals and the price of bitcoin. Given these risks,
uncertainties, and assumptions, you should not place undue reliance
on these forward-looking statements. The securities of DMG are
considered highly speculative due to the nature of DMG's business.
For further information concerning these and other risks and
uncertainties, refer to the Company’s filings on www.sedarplus.ca.
In addition, DMG’s past financial performance may not be a reliable
indicator of future performance.
Factors that could cause actual results to
differ materially from those in forward-looking statements include,
failure to obtain regulatory approval, the continued availability
of capital and financing, equipment failures, lack of supply of
equipment, power and infrastructure, failure to obtain any permits
required to operate the business, the impact of technology changes
on the industry, the impact of Covid-19 or other viruses and
diseases on the Company's ability to operate, secure equipment, and
hire personnel, competition, security threats including stolen
bitcoins from DMG or its customers, consumer sentiment towards
DMG's products, services and blockchain technology generally,
failure to develop new and innovative products, litigation, adverse
weather or climate events, increase in operating costs, increase in
equipment and labor costs, equipment failures, decrease in the
price of Bitcoin, failure of counterparties to perform their
contractual obligations, government regulations, loss of key
employees and consultants, and general economic, market or business
conditions. Forward-looking statements contained in this news
release are expressly qualified by this cautionary statement. The
reader is cautioned not to place undue reliance on any
forward-looking information. The forward-looking statements
contained in this news release are made as of the date of this news
release. Except as required by law, the Company disclaims any
intention and assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise. Additionally, the Company undertakes
no obligation to comment on the expectations of or statements made
by third parties in respect of the matters discussed above.
Grafico Azioni DMG Blockchain Solutions (TSXV:DMGI)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni DMG Blockchain Solutions (TSXV:DMGI)
Storico
Da Mag 2023 a Mag 2024