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Palayan Resources, Inc. (OTCMarkets: PLYN) has announced it is proceeding with due diligence on an $80 million Fin-Tech merger. The Fin-Tech firm's operations will be consolidated under PLYN. The company aims to expand into digital remittance services, leveraging a network in 62 countries. Market data suggests strong growth in the global money transfer sector, reaching over $930 billion by 2026, with digital remittance projected to grow at a 13.3% CAGR. Investors are advised to rely solely on official company communications due to misleading online promotions.
Palayan Resources, Inc. (OTC: PLYN) has signed a Memorandum of Understanding to acquire a Global FinTech company in the money transfer industry, projected to achieve over $1 billion in transaction volume by 2023. The unnamed company boasts a robust digital payment platform and an extensive global network. The transaction, originating from C2C Business Strategies, is contingent on standard due diligence, including audited financials. Palayan seeks to identify and acquire profitable companies to create growth opportunities.
Palayan Resources, Inc. (PLYN) addressed recent unauthorized stock promotion schemes from June 29 to July 1, 2021, emphasizing it had no involvement. The company denied any connection to the promoters and stated that all claims made were false and potentially harmful. Palayan reassured shareholders and potential investors that it does not engage in stock promotions and urged them to disregard any unauthorized information. The firm focuses on acquisitions that can leverage its public status, aiming to build a profitable portfolio of companies.
Palayan Resources, Inc. (PLYN) announced the rescission of its joint venture with Provenance Gold Corp, a move agreed upon by both parties. The company plans to shift focus towards acquiring private companies, leveraging its public status to enhance growth and revenue. PLYN will operate as a holding company, making majority or minority investments in audited targets, while retaining their management teams for operational continuity. The firm is also enhancing its digital presence to support its new acquisition strategy.
Palayan Resources (PLYN) has announced the start of its initial drilling program at the Silver Bow property in Nevada, via its joint venture with Provenance Gold Corp. The drill rig is set to commence operations shortly, after Palayan funded the project's initial tranche. The Silver Bow project features a gold and silver system with historic mines. Drilling will initially target high-grade veins, with previous sampling indicating promising grades of gold and silver. CEO James Jenkins expressed optimism for the drill program's outcomes, aiming to enhance shareholder value.
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