Business
Purio, Inc. to Receive up to $10,000,000 Investment to Complete its Cryptocurrency Mining Facility
Purio, Inc. to Receive up to $10,000,000 Investment to Complete its Cryptocurrency Mining Facility.
About this update from Bitfrontier Capital Holdings, Inc.
[{"type":"text","content":"\n\n FREDERICKSBURG, VA, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Purio, Inc. (OTC PINK: PURO) announced today a strategic partnership with a New York City based private investment fund, Tri-Bridge Ventures, LLC. The company announced today that it has received an Indication of Interest from Tri-Bridge Ventures in which TBV may purchase common stock equal to a value of up to Ten Million Dollars ($10,000,000) when PURO has qualified the necessary number of shares under Regulation A+ through an offering statement (Form 1-A). PURO intends on filing the offering statement within the next fifteen days. Regulation A+, as mandated by the JOBS Act and introduced on March 25, 2015, gives non-SEC reporting companies the ability to raise up to $50,000,000 in a 12-month period.\n “Establishing a relationship with an institutional investor as a long-term partner that can see our vision, as well as understand our business plan is a huge milestone for the company, and a critical relationship for the company to implement its business model quickly and effectively,” said Spencer Payne, CEO and President of BitFrontier Capital Holdings, Inc. (F/K/A Purio, Inc.). “An investment like this will provide the capital necessary to begin construction on our cryptocurrency mining facilities and will allow the company to begin mining Bitcoins in the near future.  Regulation A+ provides the company a great way to obtain the funding needed to execute our business plan, without the substantial dilution of traditional convertible loans or direct investments.” The Company intends to up list to the OTCQB once it meets the minimum bid requirements of $0.01 for the previous 30 days. We are currently preparing audited financials for 2017 to prepare for the up list once we meet the requirements and intend to have them completed shortly and posted to OTC Markets. Additionally, the company has appointed two more officers who will manage the day-to-day operations at the company’s cryptocurrency facilities, both of whom have extensive knowledge in the cryptocurrency industry. Andrew Karras was appointed to the role of Chief Operating Officer (“COO”) and George Storm was appointed to the role of Chief Technology Officer (“CTO”). The company is very excited to expand its team, and believes these two individuals will help...