Online Blockchain PLC Investment (9360X)
August 16 2018 - 2:00AM
UK Regulatory
TIDMOBC
RNS Number : 9360X
Online Blockchain PLC
16 August 2018
For immediate release
16 August 2018
Online Blockchain PLC
("Online Blockchain" or the "Company")
Investment
The Board of Online Blockchain PLC (LSE:OBC), is pleased to
announce that Online Blockchain has agreed to invest up to
US$100,000 in cash for up to a 35% interest in Encryptid Gaming Inc
("Encryptid"), a crypto gaming software development start-up
company. Online Blockchain's subscription is payable over a period
of time based on development milestones being achieved by
Encryptid. The investment is being funded from Online Blockchain's
existing cash resources.
Encryptid (https://encryptidgaming.com) is a newly-incorporated
US-based company which is planning to develop new crypto-based
games, storable on the Ethereum blockchain.
The first planned game for initial development is "Cybernetika",
a futuristic electronic world with roving robot-like creatures that
can be trained, upgraded and put into tournament-style battles.
Encryptid plans that Cybernetika will enable users to interact and
raise their companion robot, and exchange them with other
players.
Kyle Stratis of Encryptid Gaming Inc, said: "I am very excited
to be working with the experienced team at Online Blockchain on
this ambitious vision to transform gaming by leveraging the
exciting possibilities of blockchain technology."
Clem Chambers, CEO of Online Blockchain PLC, said: "I have
worked in and been at the forefront of the gaming world since the
early 1980s and the advent of blockchain technology opens up a
range of new potential gaming opportunities".
A copy of this announcement is available on the Company's
website, at www.onlineblockchain.io.
For further information please contact:
Online Blockchain PLC
Clement Chambers
clemc@advfnplc.com
Beaumont Cornish Limited (Nominated Adviser)
www.beaumontcornish.com
Roland Cornish/Michael Cornish
44 (0) 207 628 3396
Smaller Company Capital Limited (Broker)
Jeremy Woodgate
44 (0) 203 651 2910
Cassiopeia Ltd (Investor Relations)
Stefania Barbaglio
stefania@cassiopeia-ltd.com
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. The person who arranged for the
release of this announcement on behalf of the Company was Clement
Chambers, Director.
ENDS
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDPAMATMBBBBFP
(END) Dow Jones Newswires
August 16, 2018 02:00 ET (06:00 GMT)
Online Blockchain (LSE:OBC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Online Blockchain (LSE:OBC)
Historical Stock Chart
From Sep 2023 to Sep 2024