TORONTO, April 03, 2018 (GLOBE NEWSWIRE) -- Routemaster Capital Inc. (“Routemaster” or the “Company”) (TSX-V:RM) and GEAR Blockchain Inc. (“GEAR”) are pleased to provide an update on their respective business activities.
Routemaster currently has a cooperation agreement with GEAR Blockchain Inc. pursuant to which it provides management consultancy services to GEAR in exchange for GEAR tokens, subject to GEAR successfully launching its Token Sale.
With GEAR’s exploration in the opportunities for tokenizing green energy using blockchain, GEAR is exploring the route of launching an initial token offering (“ITO”) to help accelerate the funding and expansion of its green energy cryptocurrency mining network and renewables investment platform. GEAR has now submitted a whitepaper for final review to a New York-based law firm. The law firm is an experienced legal advisor in the practice of investments, blockchain and token generation events such as Initial Coin Offerings and has vast experience in working on token sales under Regulation D, Regulation S and Regulation A, ensuring GEAR remains fully compliant with regulatory frameworks.
GEAR is also proud to announce the launch of its new website, which can be found on: www.GearToken.io.
President and CEO of Routemaster, Mr. Vik Pathak, recently spoke on a panel at the Polycon 2018 Conference in Nassau, Bahamas, the world's first cryptocurrency event dedicated to securities tokens. On the panel, Mr. Pathak discussed the prospects of tokenising alternative assets, including green energy and natural resources. Alongside Mr. Pathak were industry thought leaders including Frank Holmes (Chairman of HIVE), Josh Crumb (Co-Founder of Goldmoney), David Namdar (Chief Strategy Officer for Galaxy Digital) and Jenna Pilgrim (Director of Business Development at Blockchain Research Institute). Mr. Pathak also discussed the work GEAR is undergoing to use blockchain technology in promoting environmental sustainability, in addition to touching on the future of the industry and potential for future tokenizations.
Mr. Pathak was also recently interviewed by Forbes magazine, discussing how the use of blockchain could be applicable in the resources industry, particularly to one of Routemaster Capital’s investments, FURA Gems Inc. (“FURA”), to increase transparency in the value chain of gemstones. Please find the Forbes interview here.
FURA also recently announced successful initial production of Emeralds, and commencement of bulk sampling program at the Coscuez Emerald Mine, with over 1,720 carats of Emeralds being found.
About GEAR Blockchain Inc.:
GEAR Blockchain Inc. is a Barbados based company that has business activities in the Green Energy and Renewables sector, particularly focused on using blockchain technology to help promote and encourage environmental sustainability.
About Routemaster Capital Inc.:
Routemaster Capital Inc. is a Canadian investment company that carries on business with the objective of enhancing shareholder value.
For further information please contact
President and Chief Executive Officer
Tel: +1(647) 276-7816
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements, including statements regarding Routemaster’s cooperation agreement with GEAR; GEAR’s ability to complete an ITO; GEAR’s ability to complete its whitepaper; FURA’s ability to complete its bulk sampling program and produce gemstones; Routemaster’s ability to raise capital for future investments; and the Company’s future plans. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.
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