ABT CAPITAL MARKETS ANNOUNCES ACQUISITION OF STAKES IN SILVER MAPLE VENTURES INC. AND 360 SECURITIES INC., ISSUES COMMON SHARES
Vancouver BC, Canada, June 29 2018. ABT CAPITAL MARKETS INC. (“ABT” or the “Company”) is pleased to announce the acquisition of 2,175,000 common shares of Silver Maple Ventures Inc. (“SMV”) and 80% of the common shares of 360 Securities Ltd. (“360 Securities”) as part of an agreement entered into by the Company on April 27, 2018 (the “Share Purchase Agreement”). Additionally, ABT has issued convertible promissory notes to two directors pursuant to debt assumed as part of the Share Purchase Agreement, and 3,851,520 shares to directors, officers and consultants for consulting fees accrued.
The Company acquired 2,175,000 common shares of SMV from 360 Blockchain Inc. (“360 Blockchain”) as part of the Share Purchase Agreement. SMV is the parent company of the popular FrontFundr equity funding platform that allows individuals to invest in early stage private companies. This transaction is subject to approval by SMV shareholders.
The Company also acquired 80% of the common shares of 360 Securities from 360 Blockchain as part of the Share Purchase Agreement. 360 Securities is an Exempt Market Dealer and the transaction is subject to approval by the British Columbia Securities Commission.
As payment, pursuant to the Share Purchase Agreement, the company issued 2-year convertible promissory notes to John Gan for $208,563 and Nikita Chou for $125,899. These promissory notes are convertible to common shares at $0.05 per share.
The Company issued 3,851,520 common shares as compensation for consulting services to Directors, officers and consultants for services to the company. All shares were issued for $0.05 per share.
Following these issuances the Company has a total of 18,356,282 common shares and 10,000,000 Class B shares issued and outstanding.
About ABT Capital Markets Inc.
ABT Capital Markets is a FinTech company employing blockchain technology to break down barriers to private equity market investing. The company is developing a proprietary, compliant platform that will enable people around the world to invest in private equity and public venture capital markets.
ABT Capital Markets Inc.
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CEO, ABT Capital Markets Inc.