The Onyx transaction is subject to regulatory approval. The Company also intends to issue Onyx 600,000 stock options at an exercise price of $0.15 for a term of twelve months. Onyx intends to participate in a private placement of the Company in the amount of $100,000.
We look forward to working with Onyx to bring hosted crypto-mining to the European Union and other regions.” DMG provides one of the safest and most cost-effective hosting opportunities in North America. The agreement has a minimum term of four months.ĭaniel Reitzik, the Company’s CEO states “Onyx has an extensive network throughout Europe including business development experts and cryptocurrency institutions looking to partner with companies like DMG in crypto-mining. Onyx will be responsible to assist in the preparation of corporate presentations and marketing materials and conducting business development and marketing activities with a specific focus on acquiring new hosting clients from Europe and North America. (TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT: 6AX) (“ DMG” or the “ Company”), a diversified blockchain and technology company, is pleased to announce it has entered into a business development agreement with Onyx Capital GmbH (“Onyx”) to provide business development and marketing services to the Company. VANCOUVER, British Columbia, Ap(GLOBE NEWSWIRE) - DMG Blockchain Solutions Inc.
