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Arizona Silver Announces Founding Membership in Ethereum Blockchain Strategic Alliance and Resignation of Director
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2018) - Arizona Silver Exploratio...
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"Arizona Silver Announces Founding Membership in Ethereum Blockchain Strategic Alliance and Resignation of DirectorVancouver, British Columbia--(Newsfile Corp. - February 22, 2018) - Arizona Silver Exploration Inc. (TSXV: AZS) (OTCQB: AZASF) (the \"Company\" or \"Arizona Silver\") is pleased to announce its founding membership in the formation of an Ethereum Blockchain Strategic Alliance for Gold and Silver asset backed crypto-tokens (the \"Alliance\"). Further details are provided below:Founding Members of the AllianceThe founding members of the Gold and Silver Ethereum Strategic Alliance are as follows:Canamex Gold CorpGuyana Goldstrike IncCabral Gold LtdArizona Silver Exploration IncAltamira Gold CorpPurpose of the AllianceThe members of the Alliance seek to collaborate for the purposes of future offerings of crypto-tokens and potential future initial token (\"ITO\") offerings. The offerings may be backed by gold and/or silver forward delivery, using gold and/or silver royalty streaming and other asset backed models, for the purposes of developing future financing models for funding future exploration, feasibility studies, mine development and/or mine expansion, by its member companies. Discussions are also underway with additional parties, who are looking to join the Alliance as members, and updates will be provided as the Alliance membership grows.The basis of the Alliance is to also increase the trust associated with any future issuance of Ethereum Blockchain Smart Contract Crypto-Tokens for Gold and Silver, as an alternative means of raising capital, potentially without equity dilution. As previously advised, the Company has secured exclusive rights to 6 (Six) Ethereum Crypto-Token domain names, ticker codes, and associated smart contracts, for Gold and Silver commodity backed crypto-tokens. These may be used by the Alliance members, and progressively issued in any future ITO, using the models and associated intellectual property, developed by the Company.Comments by Greg Hahn, CEO and President of Arizona Silver Exploration Inc\"I believe the ability to sell asset-backed tokens will open up new funding opportunities for companies with significant resources in the ground, and allow them to advance those projects to development and production while minimizing dilution to shareholders\".Comments by David Vincent, CEO of Cana...