Blockchain Foundry, developer of the Syscoin blockchain protocol, announces closing of $3.3 million private placement financing Syscoin Price In Inr

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Blockchain Foundry, developer of the Syscoin blockchain protocol, announces closing of $3.3 million private placement financing

/PRNewswire/ - Blockchain Foundry Inc. ("Blockchain Foundry" or the "Company") is pleased to announce that it has closed the first tranche of a non-brokered private placement of 12,222,222 common shares at a price of

Blockchain Foundry was established in 2016 with the goal of developing and commercializing blockchain-based solutions built on the Syscoin blockchain infrastructure platform, Blockchain Foundry was established in 2016 with the goal of developing and commercializing blockchain-based solutions built on the Syscoin blockchain infrastructure platform Syscoin Price In Inr

The Company intends to use the net proceeds from the private placement to scale up its software development team, hire additional business development staff Syscoin Price In Inr , and accelerate the development of its proprietary software products built using Syscoin's technology stack. In addition, Blockchain Foundry intends to pursue going public in Q1 2018, subject to meeting the applicable listing requirements of a Canadian stock exchange.

"We are at an exciting time in the evolution of our company," said

, President and CEO of Blockchain Foundry. "This financing round lets us accelerate our development timetable and pipeline and gives us the resources to build Blockchain Foundry into a leading provider of innovative blockchain products and services."

Commenting further, Mr. Wasyluk said, Mr. Wasyluk said Syscoin Price In Inr , clients and partners to continue growing the business in 2018 and beyond."   

Poloniex (poloniex.com) and Changelly (changelly.com). For more information please visit syscoin.org. Syscoin Price In Inr , assets, digital certificates and data securely. The Syscoin token trades under the symbol "SYS" on leading digital asset exchanges including Bittrex (bittrex.com), Poloniex (poloniex.com) and Changelly (changelly.com). For more information please visit syscoin.org.

Syscoin Price In Inr

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Blockchain Foundry, developer of the Syscoin blockchain protocol, announces closing of $3.3 million private placement financing

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