BlockchainK2 Corp. Begins Trading on TSX Venture Exchange
VANCOUVER, British Columbia, May 31, 2018 (GLOBE NEWSWIRE) -- BlockchainK2 Corp. (formerly Africa Hydrocarbons Inc.) (TSX.V:BITK) (the “Company”) is pleased to announce that it will today begin trading on the TSX Venture Exchange under the stock symbol “BITK”.
As per the Company’s May 25, 2018 press release, it has recently completed a “Change of Business” transaction (the “COB Transaction”) and now operates as a blockchain technology company, with its initial business being cryptocurrency mining. The Company will continue to update the market as it orders additional cryptocurrency mining equipment and develops its cryptocurrency mining facility.
Additional information about the Company and the COB Transaction is available on SEDAR at www.sedar.com under the Company’s profile. The summary of the COB Transaction set out above is qualified in its entirety by reference to the description of the COB Transaction in the Filing Statement. At this time there are 15,901,625 common shares of the Company issued and outstanding.
ON BEHALF OF THE BOARD OF
CEO and Director
For further information, please telephone: (604) 283-1722.
Read more at http://www.stockhouse.com/news/press-releases/2018/05/31/blockchaink2-corp-begins-trading-on-tsx-venture-exchange#UzAyEMA7KTGLGuVm.99 http://www.stockhouse.com/companies/quote?symbol=v.bitk http://blockchaink2.com
Douglas Wu - Mr. Wu has over twenty five years experience in hedge fund and private equity investing in a variety of industries both in the US and internationally. He has helped build businesses on a venture capital basis and assisted in financing them through multiple rounds with leading institutional investors. Among the investments he has worked on are: African uranium company (sold to Areva for $2.5 billion, less than 30 months from the date the company was founded, resulting in a 54x return to initial institutional investors); midstream energy infrastructure company (roll-up of liquid terminal assets) in partnership with ex-Kinder Morgan management team sold to a $9 billion energy private equity firm; insurance services division of AIG (acquisition and sale at over 30x initial equity investment); tobacco company in Africa and Middle East (pre-ipo round led by Goldman Sachs and leading emerging market hedge funds); early investments in independent energy service and oil and gas companies in Canada that subsequently became large public companies including Trican, Bonavista, Compton; roll-up of health care services businesses (acquisitions and sale to Bain Capital); manufacturer of specialty paper products acquired from Dyson Kissner Moran interests (acquisition and recapitalizations that returned over 80x initial equity investment); acquisition of manufacturer of specialty steel products; management buyout of leading mail order office supply company; management buyout of leading investment advisory firm.
Mr. Wu is Senior Advisor to a family office and a director of an acquisitive holding company in the financial services sector. He was formerly Managing Director of Rothschild Emerging Markets LLC/ Croesus Capital Management, a hedge fund group affiliated with Rothschild, Inc. Mr. Wu began his career at the Thomas H. Lee Company, a private equity firm. He is a graduate of Harvard College and Harvard Business School.
Mr. Sergei Stetsenko is the Founder of CRG Finance AG and has been its Chief Executive Officer since August 2009. During his career of 20 years, he has raised over $250 million for companies which have been involved in various business segments. He was the Founder of Triangle Petroleum Corporation and served as its Chief Executive Officer since 2005. He served as the Principal Executive Officer and President of Triangle Petroleum Corp. from December 11, 2003 to May 12, 2005. Mr. Stetsenko served as the Treasurer of Triangle Petroleum Corp. since December 11, 2003. He served as the Principal Financial Officer and Principal Accounting Officer of Triangle Petroleum Corp. from December 11, 2003 to October 2005. Mr. Stetsenko served as a Secretary of SNRG Corporation and Ancona Mining Corporation. In June 2015 he founded Vynleads Inc. Mr. Stetsenko served as the Secretary of VisualMED Clinical Solutions Corp. from September 7, 1999 to October 2004. He served as a Secretary of Xinhua China Ltd. since February 14, 1999. Mr. Stetsenko served as the Operations Manager of Exploration at Callinan Royalties Corporation from October 1996 to June 2001. From December 1994 to June 1996, he served as the Operations Manager of Booker Gold Explorations Ltd. Mr. Stetsenko's responsibilities included overseeing and implementation of exploration programs and a member of the Hearne Hill copper deposit discovery team. From September 1999 to February 2002, he served as a Secretary of Palal Mining Corp. He has been a Director of Greatbanks Resources Ltd. since April 20, 2017. He serves as a Director of Africa Hydrocarbons Inc. Mr. Stetsenko served as a Director of Triangle Petroleum Corp. from December 11, 2003 to July 29, 2005. He served as a Director of Xinhua China Ltd. since February 14, 1999 and VisualMED Clinical Solutions Corp. from September 7, 1999 to October 2004. Mr. Stetsenko served as a Director of Ancona Mining Corporation and SNRG Corporation. He is a financier and specialist with 20 years of experience in private equity and venture capital investments.
Dr. Bob McElrath is Vice President of Block Chain System Architecture at Fidelity Investments, a leading financial institution. He was previously a serial CTO, Chief Scientist and Software Developer for blockchain technology companies including SolidX (cryptographic keys for identity) and Ribbit Rewards (cryptocurrencies for airline rewards programs). He is an experienced cryptocurrency developer and team leader with experience in bitcoin and ethereum. He was formerly Senior Software Developer at Bloomberg and has a PhD in theoretical particle physics from the University of Wisconsin. Dr. McElrath did his post doctorate work at the University of California and at CERN and has over 32 publications.
Michael Maloney is a Managing Director at Galaxy Digital, a leading digital currency/ blockchain merchant bank, where he leads the Advisory Services practice. He has extensive technology advisory, architecture design, and blockchain experience, and has been active in development within the space since 2011. He has developed numerous blockchain applications for clients across a variety of industries, including; digital goods and games trading, supply chain management, anti-money laundering and KYC regulatory compliance, and language processing and machine learning marketplaces. Formerly, Michael led Distributed Ledger technology development at EY, and worked with an international team to introduce and provide solutions to global companies. He has additional experience across a number of regulatory spaces, including government and 3rd party oversight agencies. Michael has a strong background in statistical analysis and technology implementation, and has performed a variety of services ranging from developing custom transaction monitoring solutions, advanced data reporting and solution / vendor selection, to realized GPS and event-triggered mobile applications. Outside of work, Michael develops blockchain and IOT integrated hardware for personal use.
Geoff Hampson brings over 30 years as an investor, acquirer, senior executive and director of start-up, turnaround and high growth companies. Geoff has completed transactions in the industrial manufacturing, real estate, internet infrastructure, mining, and oil & gas sectors where he has been able to build strong teams to lead businesses into sector leading positions. Geoff built up a data center/ cloud business, Peer 1 Network, sold to Cogeco for $565 million. Geoff is an investor and Director of many small and mid-sized companies throughout Canada, Europe and the USA. Geoff currently serves as the Chairman of the Board and CEO of Fibrox Technology Ltd., a North American leader in the production of mineral fiber. He also serves as the Chairman of the Board and CEO of Para Resources Inc., a publicly-listed company on the Exchange focusing on North and South American gold properties. Geoff served as a member of the University of British Columbia’s International Advisory Board. He is active in local and international associations and charities. Geoff has lived and worked in both Canada and the USA.
John Lema is a serial technology CEO and CTO. He is currently CEO of Elevate, a venture backed real estate SAS company partnered with several of the largest commercial real estate firms. He is formerly CTO of Convene and CEO/ founder of ScrollMotion, a leading B2B SAS platform that was the largest supplier of apps to iTunes. He led sales teams servicing leading clients including GE, Exxon and Toyota. He was E&Y Entrepreneur of the Year Finalist in 2012 and is a graduate of Carnegie Mellon.
Tom St. Laurent is Technical Director of Blockchain Technologies Corp, a leading blockchain incubator and development firm founded in 2010. Tom has been a bitcoin fanatic for over six years. Over the past decade, he has developed social gaming software, virtual merchandising engines at scale, architecture for promotional frameworks for media conglomerates. Tom led development at the Zap Project, a blockchain platform for curating reliable information authorities (Oracles) that deliver real world data to smart contracts. Before joining Zap, Tom led engineering at Gimli.io, an eSports betting platform built on the Ethereum blockchain, allowing users to wager on their favorite streams. Tom has a BS in Physics from Manhattan College.
Joseph Fiscella is Senior Blockchain Developer at Galaxy Investment Partners, founded by Michael Novogratz, a former co-founder of Fortress Investment Group and a former partner at Goldman Sachs. Joe is a Blockchain Developer and an early adopter of digital currencies. He is the lead developer of the Florincoin project and co-founder of Alexandria, the first fully peer-to-peer decentralized video streaming application. Joseph is a long-time member of the bitcoin NYC community and has worked with numerous NYC blockchain and bitcoin startups, including Blocktech, SolidX Partners, and Blockchain of Things. Joe has a BS in Computer Science from Manhattan College.
Wayne Nemeth is a technology company CEO, advisor and investor. He was formerly CEO/ COO of
T+ink, a venture backed electronic ink company connecting retail inventory to Internet of Things. He was founder of Pelap Group, an advisory and investment firm focused on SAS and data analytics. For 10 years, Wayne was a Partner at Sprout Group, a $3 bn venture capital firm owned by DLJ/ Credit Suisse. Board roles include: Calix, DynamicOps (acquired by VM Ware), Internet Phonics (acquired by Ciena) and Lefthand Networks (acquired by HP). He is a graduate of University of Pennsylvania and The Wharton School.