Coronado Closes Acquisition of Skyrun Technology Acquisition.
MANews-(C)2009-2019
29 May 2019 - Canada-based Coronado Resources Ltd. (NEX: CRD.H) has closed the acquisition of Vancouver-based Skyrun Technology Corp. and Coronado's "change of business" to a technology issuer, the company said.
Upon completion of the Skyrun acquisition and final approval by the TSX-V, Coronado will change its name to: Interlapse Blockchain Corp.
Last November, Coronado Resources, a "utility" issuer with no operations, formally submitted a change of business application to the TSX Venture Exchange in relation to its proposed acquisition of Vancouver-based Skyrun Technology Corp.
Skyrun has developed a crypto-platform, which will officially launch in Canada next month and will allow users to instantly purchase select cryptocurrencies in a simplified manor.
Vancouver-based Skyrun Technology will officially launch its platform in Canada later this year.
Trading in Coronado's shares will remain halted pending final review and approval by the TSX Venture Exchange and final closing of the Skyrun acquisition.
Concurrently with the closing of the Skyrun acquisition, the two principals of Skyrun, Wayne Chen and Rod Hsu, will join Coronado's executive team as CEO and COO respectively.
Both individuals are early adopters in online payment solutions, cryptocurrency and the blockchain sector.
Skyrun's digital currency brokerage platform will utilise a network of payment instruments while ensuring regulatory compliance through partnered financial institutions and payment providers.
The platform will facilitate an intuitive experience, allowing users to instantly buy digital currencies.
In 2019, Skyrun plans to expand the business internationally into additional jurisdictions where blockchain and digital currencies are highly sought after for their...
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