Appointment of Mining Sector Advisor and TGE Update DGAP

Coinsilium Group Limited (COIN)
Appointment of Mining Sector Advisor and TGE Update

19-Feb-2018 / 08:42 GMT/BST
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19 February 2018

 

COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")

 

Update on TerraStream

 

Appointment of Mining Sector Advisor and TGE Update

 

Coinsilium Group Limited (NEX: COIN), the accelerator that finances and manages the development of early-stage blockchain technology companies, is pleased to announce  the appointment of Richard Lloyd as Mining Industry Sector Advisor to TerraStream ("TerraStream") its Gibraltar registered wholly-owned subsidiary. The Company is also pleased to provide an update on Terrastream's progress towards the development of its platform and its planned Token Generating Event ("TGE").

As announced on 23 August 2017 TerraStream was formed with the objective of creating a blockchain powered platform to support the offering of Token based alternative funding solutions with potential applications across several industry sectors. Initially it will focus on the mining industry and in particular, precious metals and natural resources extraction.

The build and development of the TerraStream Platform is expected to be funded from the Company's existing reserves and the proceeds of a non-dilutive digital Token Generating Event under Gibraltar's Regulatory framework.

Appointment of Mining Industry Advisor to TerraStream

Coinsilium is pleased to announce the appointment of Richard Lloyd as Mining Industry Sector Advisor to TerraStream, with immediate effect.

Richard has 17 years investment banking experience with a specific focus on the mining and exploration sector. Richard began his career as a mining geologist, having worked on projects in Indonesia, Malaysia, Peru and Zimbabwe, as well as deep level gold mining with AngloGold in South Africa. Richard has also held senior positions at Dresdner Kleinwort/Commerzbank, ANZ and Standard Bank.  He holds a BSc (Hons) in Mining Geology and A.R.S.M and an M.Sc in Mineral Deposit Appraisal from the Royal School of Mines, Imperial College. Richard is a Fellow of the Institute of Materials, Minerals and Mining and a Fellow of the Geological Society. Richard is also an Independent Non-Executive Director of AIM listed Goldstone Resources (LON:GRL)

Coinsilium believes that the mining and exploration sector offers a broad range of compelling commercial opportunities for TerraStream, particularly in relation to the provision of project level finance solutions for precious metals resource developers.

Market sector analysis and industry specific modelling is ongoing and discussions are now being advanced with potential industry partners.

TerraStream TGE Update

With Gibraltar's DLT Regulatory framework successfully launched as of 1 January 2018 the Company now awaits the publication of a more specific set of regulations relating to Token Generating Events ('TGE's) which is expected to be published by the Gibraltar Financial Services Commission ('GFSC') during Q2, 2018.

Based on its discussions with Coinsilium's legal advisors, ISOLAS, in Gibraltar and the public announcements from the GFSC, the Company's priority is to ensure that the TerraStream TGE will be fully compliant with Gibraltar's forthcoming TGE regulations and aims to be in a position to commission the development and build of its Minimum Viable Product (MVP) once the TGE regulations are published.

Coinsilium's Chairman Malcolm Palle commented "We are delighted to welcome Richard as an advisor to TerraStream and it is most pleasing that, as an industry sector veteran, he shares Coinsilium's vision and enthusiasm for the opportunities that blockchain technology has to offer within the Mining and Exploration sector.

"Richard is now working with us on developing the TerraStream model and we are confident that his industry knowledge and experience will be of great benefit as we progress discussions with potential industry partners and look to position TerraStream for its Mining sector launch".

The Directors of Coinsilium Group Limited take responsibility for this announcement.

-ENDS-

For further information, please contact:

Malcolm Palle, Executive Chairman                                                  +44 (0) 7785 381089

Coinsilium Group Limited

Eddy Travia, CEO                                                                                +44 (0) 20 3889 4312

Coinsilium Group Limited

www.coinsilium.com

Harry Chathli / Ana Ribeiro / Alexis Gore                                        +44 (0) 207 618 9100

Luther Pendragon Ltd

(Media Relations)


Guy Miller / Mark Anwyl                                                                   +44 (0) 207 469 0930

 
Peterhouse Corporate Finance Limited

(NEX Exchange Corporate Adviser)

Nick Emerson                                                                                     +44 (0) 1483 413 500

SI Capital Limited

(Broker)

 

Notes to Editor

About Coinsilium

Coinsilium is an accelerator that finances and manages the development of early-stage blockchain technology companies. It does this through its consortium of top-tier investors, industry thought leaders and executive managers.  Based in London, Coinsilium's focus is on driving innovation in fintech and blockchain technologies, enabling businesses to take advantage of growth opportunities. Coinsilium also provides advisory services to companies planning token generation events.

Coinsilium shares are traded on NEX Exchange Growth Market, the primary market for unlisted securities operated by NEX Exchange, a Recognised Investment Exchange under the Financial Services and Markets Act 2000.

For further information about Coinsilium please visit http://www.coinsilium.com

 

 



ISIN: VGG225641015
Category Code: MSCM
LSE Ticker: COIN
Sequence No.: 5219

 
End of Announcement EQS News Service

655359  19-Feb-2018 

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