Santo Mining and Canoe Pool Announce Exclusive American Licensing Agreement
28 Ottobre 2017 - 6:50AM
InvestorsHub NewsWire
Doral, FL -- October 28, 2017 -- InvestorsHub NewsWire -- Santo
Mining Corp. (the "Company"), (OTCBB:SANP)
is pleased to announce the execution of an exclusive licensing
agreement with Chongqing Yuhuan Technology Co.,Ltd. one of China’s
largest crypto currency mining companies with a total global mining
hash rate of almost 2% and a year to date reward of 1,537 bitcoins,
also known as Canoe Pool. Under this exclusive licensing
agreement; Canoe Pool will provide technical and developmental
support to develop the bitcoin currency mining pool platform for
Santo Mining. Under this co-operation and licensing agreement
both companies will create a mining pool called Canoe Pool America
for the exclusive bitcoin mining in America.
This latest development is the first of a multi part agreement for
both Companies corporate development strategy that focuses on the
rapidly expanding sector of crypto currency mining in America.
The Company’s exclusive focus will now be working in tandem
with Canoe Pool to develop Canoe Pool America and have Canoe Pool
America up and running to join the mining collective pool no later
than year end 2017.
Mr. Frank Yglesias CEO of Santo Mining stated; “we will be building
a new company focused on cryptocurrency mining and cryptocurrency
transactions. This is just the tip of the iceberg, and during
the weeks and months to come there will be many new changes and
developments for Santo Mining.”
About Canoe Pool
Canoe Pool (Chongqing Yuhuan Technology Co., Ltd.), led by its
founder Ang Li since 2013, is one of the fastest growing bitcoin
mining companies in China with two large-size mining farms in
Sichuan and Xinjiang, China; and with a total capacity of 75
thousand kilowatts, accommodating up to 50 thousand of the latest
Bitmain S9 mining machines. Canoe pool has a total hashrate
potential of 700P. Miners can choose between PPS or PPLNS payment
systems with fees of 2% or 4%, accordingly. Canoe Pool currently
supports Bitcoin Unlimited and represents 1.7% of the global crypto
currency mining market share. More at www.canoepool.com.
About Santo Mining Corp.
Santo Mining Corp, a publicly traded company in the
Over-the-Counter (OTC) market, trading under the ticker symbol
SANP. Formally an analog mining company in the gold and cooper
sector, it has now focused on the digital cryptocurrency mining and
transactions operations. Our goal is to make mining accessible to
all users regardless of age, location, investment, technical
experience. We want to give our miners the opportunity to try out
cryptocurrency mining pool and earn cryptocurrencies rewards. On a
larger scale, we hope to contribute to the development of mining
services and subsequently to the development, establishment and
adoption of cryptocurrencies both as a currency and as an
economic system.
Media contacts:
Santo Mining Corp.
Mr. Matthew Arnett
844.420.4203
matt@santomining.io
Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or
management's intentions, plans, beliefs, expectations or
predictions of future events, are forward-looking statements. The
words "believe," "expect," "intend," "estimate," "anticipate,"
"will" and similar expressions are intended to further identify
such forward-looking statements, although not all forward-looking
statements contain these identifying words. Those statements are
based on many assumptions and are subject to many known and unknown
risks, uncertainties and other factors that could cause the
Company's actual activities, results or performance to differ
materially from those anticipated or projected in such
forward-looking statements. The Company cannot guarantee future
financial results; levels of activity, performance or achievements
and investors should not place undue reliance on the Company's
forward-looking statements. No information contained in this press
release should be construed as any indication whatsoever of the
Company's future financial performance, future revenues or its
future stock price. The forward-looking statements contained herein
represent the judgment of the Company as of the date of this press
release, and the Company expressly disclaims any intent, obligation
or undertaking to update or revise such forward-looking statements
to reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statements are based. No information in this press
release should be construed as any indication whatsoever of the
Company's future revenues or results of operations.
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