SOL Global Acquires an Additional $1.5 Million in Solana Tokens
SOL Global Investments has announced a strategic investment of $1.5 million in Solana tokens, acquiring 4,533 tokens at CDN $331 per token. The company aims to focus on owning and staking Solana tokens while making targeted investments exclusively aligned with the Solana blockchain.
The company has also engaged three firms for promotional and investor relations activities: Outside The Box Capital (CAD$50,000 for one month), Machai Capital (CDN$150,000 for three months), and Quantum Ventures (USD$60,000 for two months). These engagements are subject to CSE approval and will include various marketing, advertising, and investor awareness services.
SOL Global Investments ha annunciato un investimento strategico di $1.5 milioni in token Solana, acquisendo 4,533 token a un prezzo di CDN $331 per token. L'azienda ha come obiettivo quello di possedere e fare staking di token Solana, oltre a effettuare investimenti mirati esclusivamente allineati con la blockchain Solana.
L'azienda ha inoltre coinvolto tre società per attività promozionali e relazioni con gli investitori: Outside The Box Capital (CAD$50,000 per un mese), Machai Capital (CDN$150,000 per tre mesi) e Quantum Ventures (USD$60,000 per due mesi). Questi ingaggi sono soggetti all'approvazione della CSE e includeranno vari servizi di marketing, pubblicità e consapevolezza degli investitori.
SOL Global Investments ha anunciado una inversión estratégica de $1.5 millones en tokens de Solana, adquiriendo 4,533 tokens a CDN $331 por token. La empresa tiene como objetivo enfocarse en poseer y hacer staking de tokens de Solana, mientras realiza inversiones específicas alineadas exclusivamente con la blockchain de Solana.
La empresa también ha contratado a tres firmas para actividades promocionales y de relaciones con inversionistas: Outside The Box Capital (CAD$50,000 por un mes), Machai Capital (CDN$150,000 por tres meses) y Quantum Ventures (USD$60,000 por dos meses). Estos compromisos están sujetos a la aprobación de la CSE e incluirán varios servicios de marketing, publicidad y concienciación de los inversionistas.
SOL Global Investments는 $1.5 백만의 전략적 투자를 발표하며, CDN $331에 4,533개의 Solana 토큰을 인수하였습니다. 본사는 Solana 토큰을 보유하고 스테이킹하는 데 집중하며, Solana 블록체인과 정확히 맞춰진 목표 투자를 진행할 계획입니다.
또한, 본사는 홍보 및 투자자 관계 활동을 위해 세 회사와 계약했습니다: Outside The Box Capital (CAD$50,000, 1개월), Machai Capital (CDN$150,000, 3개월), Quantum Ventures (USD$60,000, 2개월). 이 계약은 CSE 승인을 받는 것을 조건으로 하며, 다양한 마케팅, 광고 및 투자자 인식 서비스가 포함될 것입니다.
SOL Global Investments a annoncé un investissement stratégique de $1.5 million dans des jetons Solana, acquérant 4,533 jetons à CDN $331 par jeton. L'entreprise vise à se concentrer sur la possession et le staking de jetons Solana tout en réalisant des investissements ciblés exclusivement alignés avec la blockchain Solana.
L'entreprise a également engagé trois sociétés pour des activités promotionnelles et de relations avec les investisseurs : Outside The Box Capital (CAD$50,000 pour un mois), Machai Capital (CDN$150,000 pour trois mois) et Quantum Ventures (USD$60,000 pour deux mois). Ces engagements sont soumis à l'approbation de la CSE et comprendront divers services de marketing, de publicité et de sensibilisation des investisseurs.
SOL Global Investments hat eine strategische Investition von $1.5 Millionen in Solana-Token angekündigt und 4.533 Token zu einem Preis von CDN $331 pro Token erworben. Das Unternehmen zielt darauf ab, Solana-Token zu besitzen und zu staken, während es gezielte Investitionen ausschließlich in Einklang mit der Solana-Blockchain vornimmt.
Das Unternehmen hat außerdem drei Firmen für Promotions- und Investorenbeziehungen engagiert: Outside The Box Capital (CAD$50,000 für einen Monat), Machai Capital (CDN$150,000 für drei Monate) und Quantum Ventures (USD$60,000 für zwei Monate). Diese Engagements unterliegen der Genehmigung der CSE und umfassen verschiedene Marketing-, Werbe- und Investorenbewusstseinsdienste.
- Strategic acquisition of 4,533 Solana tokens worth $1.5 million
- Clear investment strategy focused on Solana ecosystem
- Potential revenue generation through token staking
- Significant marketing expenses totaling over CAD$260,000 for short-term services
- Heavy concentration risk in single blockchain ecosystem
Toronto, Ontario--(Newsfile Corp. - December 5, 2024) - SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) (FSE: 9SB) ("SOL Global" or the "Company), among the first publicly traded crypto investment companies providing exposure to the rapidly growing Solana ecosystem, is proud to announce its additional
The Company's initial strategy emphasizes owning and staking Solana tokens while making targeted investments exclusively aligned with the Solana blockchain. This focused approach underscores SOL Global's commitment to supporting and advancing the growth of Solana-based projects and technologies. The Company believes that Solana tokens has established itself as a leader in the blockchain space with its cutting-edge proof-of-history (PoH) consensus mechanism, enabling unparalleled speed, scalability, and cost-efficiency. The Company believes that these features have made it a go-to platform for developers building decentralized applications (dApps) across various industries, including DeFi, gaming, non-fungible tokens (NFTs), and financial derivatives.
Corporate Update
The Company is pleased to announce that it has engaged Outside The Box Capital Inc. ("OTB"), Machai Capital Inc. ("Machai Capital"), and Quantum Ventures Inc. ("Quantum Ventures") to perform services for the Company, which includes promotional and investor relations activities, as such terms are contemplated under the policies of the Canadian Securities Exchange ("CSE") and applicable securities laws.
Pursuant to an agreement entered into with OTB (the "OTB Agreement"), OTB intends to work with the Company to provide advertising, corporate marketing and investor awareness services, including, but not limited to, content creation management, project management, media distribution and the creation and distribution of marketing materials. In accordance with the OTB Agreement, OTB will receive a cash fee of CAD
Pursuant to an agreement entered into with Machai Capital (the "Machai Agreement"), Machai Capital intends to work with the Company to provide digital marketing and advertising as well as search engine optimization and social media marketing management. In accordance with the Machai Agreement, Machai Capital will receive a cash fee of CDN
Pursuant to an agreement entered into with Quantum Ventures (the "Quantum Agreement"), Quantum Ventures intends to work with the Company to provide media and marketing creation, and online investor awareness. In accordance with the Quantum Agreement, Quantum Ventures will receive a cash fee of USD
OTB, Machai Capital and Quantum Ventures provide public disclosure solutions to a number of issuers across a variety of industry segments. OTB, Machai Capital and Quantum Ventures are each at arm's length to the Company. All content describing the Company generated on behalf of The Box Capital, Machai Capital and Quantum Ventures will be reviewed by the Company prior to its publication or distribution.
The engagements of OTB, Machai and Quantum are all subject to the approval of the CSE.
For Further Information Please Contact:
SOL Global Investments Corp.
Paul Kania, Interim CEO, CFO
Tel: (212) 729-9208
Email: info@solglobal.com
Website: https://solglobal.com/
Outside The Box Capital
2202 Green Orchard Place. Oakville ON L6H 4V4
jason@outsidethebox.capital
1-289-259-4455
Machai Capital Inc.
101 - 17565 - 58 Avenue, Surrey, BC, V3S 4E3
suneal@machaicapital.com
1-604-375-0084
Quantum Ventures Inc.
202 - 3750 Shelbourne Street Victoria, BC V8P 4H4
kb@quantumventures.co 1-778-977-1127
About SOL Global Investments Corp.
SOL Global is a diversified international investment and private equity holding company. The Company is in the process of divesting its current investment partnerships and minority holdings. SOL Global recently announced the transition of investments to focus exclusively on digital asset technology, primarily on Solana and Solana based technologies.
Caution Regarding Forward-Looking Information
This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking information in this press release includes, but is not limited to, the Company's expectations regarding the Solana blockchain and technologies and the promotional activities of OTB, Machai and Quantum. Forward-looking information reflects the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies, including the speculative nature of cryptocurrencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation, the Company's ability to execute on its business and investment plans; the Company's ability to raise debt or equity through future financing activities and divest its current investment partnerships and minority holdings; the Company's ability to increase its investments in the Solana blockchain and Solana-based technologies; any adverse changes and developments in the Solana blockchain and ecosystem; the growth and development of decentralized finance and the digital asset sector; any new rules and regulations with respect to decentralized finance and digital assets; the inherent volatility in the prices of certain cryptocurrencies including Solana tokens; increasing competition in the crypto and blockchain industries; general economic, political and social uncertainties in Canada and the United States; currency exchange rates and interest rates; the limited resources of the Company; the Company's reliance on the expertise and judgment of senior management and the Company's ability to attract and retain key personnel; the speculative nature of cryptocurrencies in general; and the Company's ability to continue as a going concern. Accordingly, readers should not place undue reliance on the forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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FAQ
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